Investor · Akron, OH · Member since 2017 · 39 posts · 15 votes
After 15+ years of investing part-time, I just finished my 5th flip and closed on my 11th long term hold rental property. My ROI numbers on the rentals are super solid. I'm in need of more investors or hard money. Any suggestions? I'm in NE Ohio.
After 15+ years of investing part-time, I just finished my 5th flip and closed on my 11th long term hold rental property. My ROI numbers on the rentals are super solid. I'm in need of more investors or hard money. Any suggestions? I'm in NE Ohio.
Lack of capital, not a bad problem to have.
It sounds like you're doing well, you may need to give more details but BP is a great place to start networking and potentially raising private money.
What more details do you have on your operation, returns, niche?
Why should someone invest with you?
Are you in the Cleveland market, Akron / Canton market, another market?
How long would an investor expect to have their money tied up for while working with you on a deal?
Are the funds going towards flipping, or buying long-term rentals?
I personally don't like being tied down to hard money; short term capital and high interest rates. Building relationships and raising private money is the way to go.
After 15+ years of investing part-time, I just finished my 5th flip and closed on my 11th long term hold rental property. My ROI numbers on the rentals are super solid. I'm in need of more investors or hard money. Any suggestions? I'm in NE Ohio.
Lack of capital, not a bad problem to have.
It sounds like you're doing well, you may need to give more details but BP is a great place to start networking and potentially raising private money.
What more details do you have on your operation, returns, niche?
Why should someone invest with you?
Are you in the Cleveland market, Akron / Canton market, another market?
How long would an investor expect to have their money tied up for while working with you on a deal?
Are the funds going towards flipping, or buying long-term rentals?
I personally don't like being tied down to hard money; short term capital and high interest rates. Building relationships and raising private money is the way to go.
After 15+ years of investing part-time, I just finished my 5th flip and closed on my 11th long term hold rental property. My ROI numbers on the rentals are super solid. I'm in need of more investors or hard money. Any suggestions? I'm in NE Ohio.
Lack of capital, not a bad problem to have.
It sounds like you're doing well, you may need to give more details but BP is a great place to start networking and potentially raising private money.
What more details do you have on your operation, returns, niche?
Why should someone invest with you?
Are you in the Cleveland market, Akron / Canton market, another market?
How long would an investor expect to have their money tied up for while working with you on a deal?
Are the funds going towards flipping, or buying long-term rentals?
I personally don't like being tied down to hard money; short term capital and high interest rates. Building relationships and raising private money is the way to go.
Thanks Jad, great questions! Private money is definitely what I'm looking for. I'll be using it for more buy and holds. As I've worked very hard to build pipelines to secure deals, there are so many opportunities that I would be open to hard money for the mean time. But private money is best obviously. I'm buying in the Akron area only. I pay my current investors 6-8% (20 year note) whether their secured asset is vacant or not. The rest of the details I'm happy to share with anyone interested in forming an investing relationship. creds - aaroninohio.com
After 15+ years of investing part-time, I just finished my 5th flip and closed on my 11th long term hold rental property. My ROI numbers on the rentals are super solid. I'm in need of more investors or hard money. Any suggestions? I'm in NE Ohio.
After 15+ years of investing part-time, I just finished my 5th flip and closed on my 11th long term hold rental property. My ROI numbers on the rentals are super solid. I'm in need of more investors or hard money. Any suggestions? I'm in NE Ohio.
Opportunity Zone funds.
Tax benefits are great from those but can you expound?
Aaron I used to live in Fairlawn and I’ve done a handful of flips in nw akron. I’m starting to transition into bigger apartment deals since I have a construction crew now. But I’d be down to talk sometime! I’d love to get into some apartments if something came up around highland square or 44333.
This is something I am coming to realize myself. I have a decent pipeline of deals flowing across my desk in NJ but not enough capital to act on them. How are some of you connecting with private money investors. OP, being able to borrow 6-8% for 20 years I/O is pretty insane. How did you land that?
@Peter T. Oh no, I didn’t mean it like that, I apologize. I was answering your question, “how did you land that?” and what I meant was - with my first couple of investors I was totally clueless and I just asked them to trust me and they did and it’s been great! We are still doing deals but like you said, there’s just too many deals coming across my path.