All Forum Posts by: Stephen Brown

How have people been able to have the time to manage short term rentals, run a YouTube channel, work full time jobs, and also have a family? I'm a single guy still living at home and having long term rentals myself and being an agent was too much for me at a certain point so I hired 3rd party management.

My advice to you would be to narrow it down immedaitely. My biggest problem... and still I have this probelm. Is focusing on one thing at a time. I recommend you start with Ohio and compare Columbus, Toledo, and Cleveland, and go from there.

Columbus, Toledo, and Cleveland Ohio

I say you can do much better in another state if you can find the right team on the ground and have an agent really help you get to know the area. A lot of folks come here from California and love it. However if you feel more comfortable where you're at then I'd put in the work and try to find something off market.

Message me. I can invite you to a group that will help you learn.

Hello BP,

My father who is my private money lender has required me to focus on my city of Toledo. I currently own 15 units of small multifamily here and I only buy B class properties. These properties are hard to come by and I've purchased all of the ones I own via cold calling. I'm trying to purchase larger multifamily here in the area  (8+ units), which is even more difficult to come by, but I want to scale as quickly as possible.

I'm starting to catch the shiny object syndrome again, maybe it be due to lack of faith, or impatience. However I've been thinking I might need to switch my strategy or I may be waiting forever. Another part of me feels like this is a good test of patience and the right deal will come even though I have underwritten anything for quite some time.

My options are: wait, find another market, or change the asset.

Thanks BP!

Any market here in Ohio will have its positives and negatives. I think it would be best to interview a few agents in the area and see which team you believe will help you the most, and then choose that market. I'd be happy to chat.

You could generate 75k a year in any midwestern market. Toledo is an overlooked market for small multifamily, which is where I am from. A lot of folks like Cleveland, Milwaukee, and Indianapolis too.

 I would strongly recommend looking at Toledo, Ohio. As mentioned by @Dave Poeppelmeier you will need an excellent property management company. This city cash flows very well though if you have the right team in place. Some of my clients have been able to scale very quickly.

From all of the "successful" investors I've met it seems like many have an ability to eliminate fear and take the plunge. We have a lot of out of state investors and what I can tell you is that if you find the right agent that knows investing. They will have the contacts to find you other people in that network to help you grow. That's what I've been providing for almost 2 years now. So find that one guy and keep going from there. Happy to help in any way I can.