I'm part of a small family of new investors that have just purchased our first rental property, which is very exciting but has also been pretty overwhelming. We got this property for about 75% of its value because we bought it from another investor who was moving his portfolio to a different area. Originally we bought it with cash from a 401K loan and we are in the process of financing it at it's appraised value (ideally at about $110K) to pull our money back out of it to purchase another property from the same seller.
My goal with joining BiggerPockets is to make more connections with people investing and working in real estate in the Cincinnati area. Specifically, we are looking for a good real estate lawyer to review a new lease before we have our (inherited) tenants sign it. So, if you're another newbie like me or an established real estate professional I want to chat with you! Hopefully I can use my (limited) knowledge to help others as well!
Welcome to Biggerpockets! Good luck on your endeavors. Wish you the best going forward! Congratulation on your first investment and doing the BRRRR strategy. Best of luck on your future conquest.
@Krison Katsetos welcome to BP! I have a good recommendation when it comes to affordable real estate attorneys for reviewing documents and discussing situations that make you wonder what is and isn't legal. Let's connect on this soon!
Hi @Krison Katsetos and welcome to BP. I am also a new investor in the Cincinnati area looking to grow in the coming years. I would love to chat with you regarding your strategy / goals for 2020 and what you think of the Cincinnati market going forward. I grew up in Cincinnati and have a pretty good understanding of many neighborhoods.
Either way, best of luck to you and way to take the first steps!!
Welcome to BP! Here is a link to the Cincinnati-area REIA that you may find useful:
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