For 10+ years, Engelo has stressed in every phone call, email, podcast, blog, newsletter, etc… the importance of building a larger portfolio in a tertiary market like Toledo.

My approach is similar to building a rental portfolio for properties that I can give to clients that are in safe neighborhoods where I want my family to live.

That's the plan going forward - to split them off and either build on or sell those lots. 

Guess probably 550,000 for a tear down and new build depending on what's required and maybe a year of down time.  

Purchase price $500,000Property is 10 unit apartment building net rents ~$96,000 annual and NOI ~$57,000 which is accurate from 2023 proforma. 

what I'm telling people about hilltop is the only reason it's going up is because of the average housing price in columbus being pushed and the lack of inventory. when I started I'd have bought here too. if I was going to invest here I'd look at houses built after 1947 without knob and tube wiring, etc. the old housing is the problem. we are building now in downtown adjacent. land is a buyer's market and it's much less competitive and easy to get the numbers to work. there is very little construction in 43204 and I've transitioned to new construction triplex now with entitlement and larger multifamily projects feel free to message or call anytime. personally, l like new construction in 43203, 43205, 43206, 43223, 43222 right now and obviously 43215 which you have to have at least 600k in cash to get the land to entitle and want to build at least 100 units to make it worth it. 

Flex buildings. 

When I was actively buying and building my best leads came from my barber.

Thank you, increase the number of units and lower your average housing cost per unit. 180k for 1500 in rent doesn't' work. all in triplex we can build with land for 400k with our margin and land and entitlement that rents for 5400 a month in columbus.

Probably the most valuable quote for any investor to keep in mind, despite the idea having been echoed many times by Warren in the past.