newbie from Columbus, Ohio

[Anthony Menches]

I am very new to investing. I have read a few books and taken some expensive classes, but still struggling to get going. I have two degrees from The Ohio State University, but I don't want to be an employee my whole life.

My wife just completed the exam for her real estate agent license, so we are now looking to move forward.

The strategies I like are wholesaling, fix and sell, fix and rent, and tax lien investing. From what I read on here the opinion of most wholesalers is pretty low (because they don't seem to be an honest/accurate bunch).

So, hello bigger pockets community.

Anthony Menches

[Paul Timmins]

@Anthony Menches

Welcome. Your profession should be a source of all the private money you will need. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having 60 past ones to catch up on.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

For your wife The Real Estate Agent’s Ultimate Guide to Working with Investors

http://www.biggerpockets.com/renewsblog/2013/08/24/real-estate-agents-working-with-investors/

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul

[Anthony Menches]

Thank you for the welcome. I am looking forward to good things in the future and any advice is very welcome.

Anthony Menches

[Ned Carey]

Originally posted by @Anthony Menches: From what I read on here the opinion of most wholesalers is pretty low (because they don't seem to be an honest/accurate bunch).

Welcome to BP Anthony. I don't think it is necesarily lack of honesty. I think it is inexperience and they truly don't know how to evaluate their own deal.

[Anthony Menches]

I couldn't tell if the posts felt they were dishonest or they just couldn't put together accurate numbers. Either way, I don't want to be that guy.

I want to be the one you can rely on for good information and feel comfortable he isn't trying to put you into a bad deal.

[Jeremy Davis]

Hello Anthony and welcome! As a local investor in the area i would like to invite you out to the monthly meeting we just started last month at yogis bar and grill in dublin. the next one is may 12th i believe, it is free and just a group of us who network and drink a beer or two. but a lot of good people where these last month I'm sure it will continue to grow and be a great tool for you!

As far as wholesaling goes, I personally love them! sure they are going to give you the numbers they come up with but lets be honest when a used cars sales man tell you his 1990 ford escort is worth a million dollars to you trust him or do your own research? If you trust him then you sir are not going to be very good at rehabbing houses.

Tax lien buying is interesting i have read into it some but i know here in ohio we have a few more complications then some of the other states make sure you do your homework here. also the laws change from county to county.

[Corey Liepelt]

Anthony, another great place to network with other local investors is to attend a COREE meeting. There's one coming up in about a week an a half. You'll find investors there who employ a variety of strategies, so you're bound to find someone who's doing what you want to do.

[Anthony Menches]

We actually have already planned on attending the COREE meeting. We found it a few days ago, we are pretty excited to see how it goes.

[Engelo Rumora]

Welcome @Anthony Menches

Bigger Pockets is a great place to be for any real estate investment knowledge.

Our group just moved to Toledo Ohio from Kansas City and have started buying quite a few properties here.

Ohio is a great market to be in with many undervalued properties.

Its also great that the institutional buyers have not jumped on board yet.

If your ever in Toledo, please don't hesitate to reach out.

Thanks and have a great day.

[Zoran M.]

Originally posted by @Engelo Rumora:
Welcome @Anthony Menches
Its also great that the institutional buyers have not jumped on board yet.

@Engelo Rumora Shhh!!! :)

[Engelo Rumora]

Originally posted by @Zoran M.:

Originally posted by @Engelo Rumora:
Welcome @Anthony Menches
Its also great that the institutional buyers have not jumped on board yet.

@Engelo Rumora Shhh!!! :)

hahaha

I know lollol

I think we are ok for another 1-2 more years until they figure it out.

Not sure who it was but a fund bought 1900 homes in Dayton last year.

Thanks

[Zoran M.]

@Engelo Rumora It was Magnetar Capital out of Chicago. They were big players in the CDO industry.

They purchased the portfolio from a developer in Dayton.

[Engelo Rumora]

Originally posted by @Zoran M.:
@Engelo Rumora It was Magnetar Capital out of Chicago. They were big players in the CDO industry.

They purchased the portfolio from a developer in Dayton.

Thanks,

Very nice

It would be great to have such a capacity to take down that many properties lollol

Brick be brick as they say haha

[Anthony Menches]

Thanks for the welcome. 1900 properties would be an awesome pickup. Having that kind of capital would be a dream.

[Timothy Riley]

Welcome...

[Darrin Carey]

@Anthony Here's another recommendation for COREE. Great group of people there.

The fund bought the Dayton companies portfolio of 1900 properties that the developer in the sixties kept as rentals. Almost all single story brick ranches. They took on the current office staff and maintenance people too.

[James Wise]

@Anthony Menches Welcome to the site.

[Zoran M.]

Originally posted by @Anthony Menches:
Thanks for the welcome. 1900 properties would be an awesome pickup. Having that kind of capital would be a dream.

OPM...

[Maximilian Benjamin]

Welcome to the site and welcome to investing in Cbus!

[Christian Lautenschleger]

O-H

[Sujit Mapadath]

From what I have heard there is already a bunch of big investors buying houses in large numbers in Ohio. Article was in columbus dispatch. Hedge funds !

[Anthony Menches]

I O!

[Brandon Turner]

Hey @Anthony Menches welcome to the site! It's great to have you here. Feel free to ask any questions in the forums. Seeya around!