All Forum Posts by: Darrin Carey

@Theresa White, thanks for the kind words, glad I was able to help. I look forward to talking with you again. I'm excited to hear that you moved up your timeline.

@Jeff Parr, Offer is open. You can also catch the next Dayton meetup. Dayton Real Estate Meetup on 6/13/16.

@Theresa White, Joining two IRAs and doing a JV with both of them works really well. My wife and I do that. We also choose the types of deals we put in each IRA so we can get the growth where we want it.

Keep in mind if the IRAs borrow money (must be from someone who is not disqualified), it must be "non-recourse", and you cannot put a personal guarantee on it. A loan may also bring UBIT into play. If it does, you MAY have to file a tax return for your IRA, and pay taxes at the trust rate.

@Matthew Gwin There is NOT a right answer to the question without knowing more. The correct answer is "It depends".

• What are your short and long term goals?
• How much time do you have to spend on it? 
• What is your personal knowledge and skill level? 
• How much risk and volatility are you willing to accept? 
• How much real estate experience do you have?
• Do you love tenants? Or does thought make you nervous?
• Do you need current cashflow?
• How long do you want to invest the money for?
• Does debt keep you awake at night?

Leverage has it's place, but it's a double edged sword, it cuts both ways, it amplifies both gains and losses.

For me, right now to meet my current goals, the right answer is doing a combination of flips and lending, and picking up some rentals along the way. Later, I'll be doing less flips than I am now.

Come to the Dayton 6/13/16 meetup, we can get you talking with some of us that have already worked out our personal answers for this question. We had a very similar discussion with someone last time. Feel free to call if you want to chat in the meantime.

@Jeff Greenberg

2-4 units are pretty popular among the landlords. There are a few doing larger properties.

Hi @Courtney Jones. There are two in the area that I recommend.  Both are good, both have very different personalities. @Janice Kemmer or @Rob Rothman.

@Brent Steverson Welcome to BP. You've found a good site. 

There's several of us in the local area on the site. We also get together once a month. Check out the meetup announcements for the next one Dayton Ohio Networking Meetup (6/13/16)

This is the place to get to know other local investors and landlords in a casual environment. We're a friendly bunch of people; come hang out with us and talk Real Estate.

There are no formal presentations and no specific topics. Ask questions, start and join conversations. Explore your own interests.

You're encouraged to bring your deals and what you're looking for.

This event occurs monthly, and is currently on the second Monday of each month.

The next meetup is 6/13/16.

RSVP for the new location in Fairborn.

We will keep the link below updated.

Event Details - Current event info and additional details are always here.

@Jeff Parr Welcome to BP, there's a great community of people here. Everyone is willing to share their opinion. 

Some of us get together once a month too. https://www.biggerpockets.com/forums/521/topics/307222-dayton-ohio-networking-meetup-5-9-16

Both those neighborhoods great areas to invest in. I think Xenia is a little better for cashflow properties. The Beavercreek prices are high enough that it makes it hard to get good cashflow. Beavercreek will probably get more appreciation though.

Feel free to call if you want to chat about the local market.

@Jay Hinrichs It is hard. I see investors come in and pay far too much too often.

Cash buyers come in from the coasts, and pay 10-20k more than retail. Too many cash buyers don't get an appraisal, when they should. Especially the new investors.  They get drawn in by the great rental numbers we have compared to where they live. 

Many would do better buying straight off the MLS. Some of the so called deals the alleged wholesalers push are terrible for the area, even though they would be great on the coast.

I can buy two good rental properties in a C neighborhood for the price of a new truck.

C-/D+ area is an accurate assessment. This building is one of the big reasons keeping it from being a C-.