New Member from Cincinnati, Ohio

7 Replies

Hi Everyone,


My name is Roderick Mills Jr. I am from Cincinnati, Ohio and I am new here on BiggerPockets. I am 23 years old and recently graduated from college with a degree in Finance. I am currently playing professional basketball overseas as well as run a blog. One of my best friends started listening to the BiggerPockets podcast about a year ago and told me to check it out. Since then I have continued listening to both the BiggerPockets Real Estate & Money podcast and have done a lot of online research as well as reading. One of the first books I read on real estate was the Ultimate Beginner's Guide to Real Estate Investing by Josh Dorkin and Brandon Turner. I realize that many wealthy people have some type of real estate in their portfolio and realize the benefit real estate brings in creating long-term wealth. My current plan is to save and buy my first property at 25 and have either a 2-4 plex and do a house hack. I plan to implement the BRRR method on my first couple of properties to start the "Stack". Ultimately my goal is to create enough passive income through real estate to fund my lifestyle. I am going to be out of the country for 8-9 months out of the year playing but still want to see if a house hack would be possible since I am only in the country for 3 months and that is one of the areas I hope to get help and advice on with the BiggerPockets network. I realize I still have a lot to learn about this industry but am determined to attack this with the same focus and intensity as I do with being a professional basketball player and I look forward to expanding my network and becoming a more active member of the BiggerPockets community!

Thanks,
Rod

@Roderick Mills Jr. : Welcome to BP and the adventurous world of Real Estate Investing. I live in Greater Cincinnati as well, on the NKY side. Like @Marlon Fong said, you are definitely in the right place. I do believe it's possible to House Hack, even with your busy travel schedule. The key I believe will be in how you manage your tenant(s) while you are away. If you self-manage your properties, it could be challenging if you are out of the country unless you have a trustworthy team (handyman, partner, etc.) in place locally that can react with a sense of urgency should something come up. If it makes financial sense, you can also look into hiring a Professional Property Manager to keep an eye on things while you are away. I love your strategy by the way. I was heavily into Fix & Flip in 2018 but am switching my strategy to BRRRR/The Stack, and Lease Options. Best of luck to you and welcome to the BP community.

Thank you @Charles Mahabir ! That is good advice and I will see if it makes more sense to build a trustworthy team like you said or hire a professional property manager. 

Hey man! Great plan! Especially if you run an Airbnb in your unit while you are out of the country! Let me know if you ever need any advice when it comes to that!

@Cody Fields Hey Cody! I really like that idea of using Airbnb during my time away. I will definitely look to you for that when I start getting close to it!

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