Updated about 9 years ago on . Most recent reply
Off and running!
My younger son joined Bigger Pockets a couple of months ago as we had decided to start investing in RE. He and I have formed an LLC for the partnership. We are going to use a buy and hold strategy investing in sub 50K properties in stable "C" neighborhoods in my home town where I happen to be the Chief of Police. During the past week we have been able to put five properties in contract and expecting a sixth in the next couple of days. This is for 2 triplexes, 2 duplexes, and 2 single family homes. We are currently do the numbers on a six-plex that is a B property in a B neighborhood. Once we have a stable base of income producing properties in my home town we plan to expand probably to the Columbus, Ohio area where both of my sons live.
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Xenia is a great place to buy houses! So many people overlook small towns in the midwest that cashflow well and lack competition in the rental market. I wish you all the best.