Updated over 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.
Most Popular Reply
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.