New real estate inventor in Toledo OH - Advice welcomed!

Wheat Ridge, CO · Member since 2017 · 12 posts · 7 votes

Hello! My name is Lindsey and I am brand new to the BiggerPockets community. I am currently living in Denver, but my husband and I are putting together our plan to move back to our hometown in Toledo, Ohio and become real estate investors next spring.

If there is anyone in the Toledo area flipping homes and buying and holding properties, any tips and tricks would be amazing!

I am currently looking to connect with a realtor in the area and also connect with a project manager. If anyone has any leads, I would be very grateful.

Looking forward to connecting with the community!

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Andrew FidlerBusiness Member

Real Estate Broker · Toledo, OH · Member since 2011 · 386 posts · 434 votes

@Lindsey Mahoney- Engelo is spot on, your team will facilitate your success, same with your friends.

You will find like I did that over time you will surround yourself with successful people who understand what you are doing and where you are going instead of your work or old high school friends.

Over eight years I built a buy-and-hold portfolio and quit my day job, most of the friends I started with I have long since stopped talking real estate and rental properties with. They are programmed into the Matrix and will never put the off-hours efforts forward to invest, manage, and expand.

Definitely join a local investment club, Toledo REIA is around but I am not involved with them. PIN (Property Investors Network) was started this January and is ~100 landlords, investors, flippers, property managers, etc who get together monthly to openly compare notes and methods to make all of us better, more successful investors.

Andrew

[email protected]419-410-3836

LaPlante Real Estate

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Paul Parker
Investor · Toledo, OH · Member since 2016 · 113 posts · 33 votes
9y
Welcome to bigger pockets!
What strategy are you and your husband planning to get started off in?
0 Reply
Engelo RumoraBusiness Member
Investor · Toledo, OH · Member since 2013 · 4k+ posts · 2k+ votes
9y
Originally posted by @Lindsey Mahoney:

Hello! My name is Lindsey and I am brand new to the BiggerPockets community. I am currently living in Denver, but my husband and I are putting together our plan to move back to our hometown in Toledo, Ohio and become real estate investors next spring.
If there is anyone in the Toledo area flipping homes and buying and holding properties, any tips and tricks would be amazing!
I am currently looking to connect with a realtor in the area and also connect with a project manager. If anyone has any leads, I would be very grateful.
Looking forward to connecting with the community!
Hi Lindsey,
Welcome to BP.
My best tip would be to focus on working with the right people first and then looking at the numbers of an area or a particular deal.
"Team work makes the dream work"
Our company will do 100+ flips this year and going for 200+ next year and the only time we fail is due to working with the "wrong people" standpoint and not a transaction one.
Thanks and much success
Podcast Guest on Show #89
Oz Realty4.5356 Reviews
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Andrew FidlerBusiness Member
Real Estate Broker · Toledo, OH · Member since 2011 · 386 posts · 434 votes
9y
@Lindsey Mahoney- Engelo is spot on, your team will facilitate your success, same with your friends.
You will find like I did that over time you will surround yourself with successful people who understand what you are doing and where you are going instead of your work or old high school friends.
Over eight years I built a buy-and-hold portfolio and quit my day job, most of the friends I started with I have long since stopped talking real estate and rental properties with. They are programmed into the Matrix and will never put the off-hours efforts forward to invest, manage, and expand.
Definitely join a local investment club, Toledo REIA is around but I am not involved with them. PIN (Property Investors Network) was started this January and is ~100 landlords, investors, flippers, property managers, etc who get together monthly to openly compare notes and methods to make all of us better, more successful investors.
Andrew
[email protected]419-410-3836
LaPlante Real Estate
Website View Page
1 Reply
Lindsey Mahoney
OP
Wheat Ridge, CO · Member since 2017 · 12 posts · 7 votes
9y
Thank you for the welcome Paul!
Our strategy right now is to find a good realtor and neighborhoods with good school districts and then purchase a rental, then flip a house, then rent, then flip, to keep the cash flow going. I have started to learn about wholesalers but that strategy seems a little intimidating at this point!
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Lindsey Mahoney
OP
Wheat Ridge, CO · Member since 2017 · 12 posts · 7 votes
9y
@Andrew Fidler Thank you for the advice! I will definitely check out those groups. My husband and I both have family back at home and I know they will be a great asset supporting us but I am looking forward to expanding my network within the real estate community.
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Lindsey Mahoney
OP
Wheat Ridge, CO · Member since 2017 · 12 posts · 7 votes
9y
Thank you @Engelo Rumora! I'm looking forward to building my team and network.
1 Reply
Tom Ott
Equity Raiser and Turnkey Provider · Cleveland, OH · Member since 2016 · 4k+ posts · 1k+ votes
9y
Originally posted by @Lindsey Mahoney:

Hello! My name is Lindsey and I am brand new to the BiggerPockets community. I am currently living in Denver, but my husband and I are putting together our plan to move back to our hometown in Toledo, Ohio and become real estate investors next spring.
If there is anyone in the Toledo area flipping homes and buying and holding properties, any tips and tricks would be amazing!
I am currently looking to connect with a realtor in the area and also connect with a project manager. If anyone has any leads, I would be very grateful.
Looking forward to connecting with the community!
Welcome to BP! Always nice to have another Ohioan on here. Check out: The Most Common Misconceptions of Investing in Real Estate
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