Property Investor's Network (Toledo, OH)

If you’ve ever sold a rental property and then looked at your tax bill… you know the pain.
Capital gains taxes can eat a big chunk of your profits — money that could’ve gone toward your next deal.

But what if you could legally defer paying those taxes and use that money to level up into a better property? That’s exactly what a 1031 Exchange allows you to do.

Let’s break it down in plain language.

🤔 What is a 1031 Exchange?

A 1031 Exchange (named after Section 1031 of the IRS tax code) is a tool real estate investors can use to defer paying capital gains taxes when they sell an investment property — as long as they use the money to buy another similar investment.

It’s like a tax code loophole — except it’s not a loophole. It’s been around for decades and is 100% legit if done correctly.

In simple terms:
You sell a prop
Read More...

If you’ve been around the real estate investing world for more than five minutes, chances are you’ve heard someone mention the “BRRRR Method.” No, it’s not about being cold — it’s actually one of the most popular ways investors grow their rental portfolios without constantly needing more cash.

BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat, and it’s a smart strategy for building long-term wealth. Let’s break it down step by step in plain English.

🏡 Step 1: Buy

The first move is finding the right property — usually something that’s a bit rough around the edges. Maybe it needs some cosmetic work, or maybe it's been neglected for a while. Either way, you want to buy it below market value so you’ve got some room to add value.

Quick tip:
The numbers need to work. A good rule of thumb is the 70% Rule — buy for no more than 70% of the after-repair value (minus repairs). If the ARV is $200K and you need $30K in rehab, try to get it for around $110K or less.

Ask any really successful real estate entrepreneur what resource has made them the most money, and if they’re answering truthfully, they’re going to say, “The people I’ve met.”

In fact, if you’re not making it a priority to spend time creating, growing, and nurturing your network of colleagues and financial friends, you’re making a big mistake.

I’m not a natural networker—I would, on any given evening, rather be curled up in front of a fire with a good book than at the hottest party in town.

In fact, if you’re ever AT a party with me, and you’re looking for me, I’m probably the one behind the potted plant playing with the host’s cat.

But, at the same time, I am very aware of how many millions of dollars my network has earned me in the past 2+ decades, and I’ve seen the nearly tragic consequences that NOT having a network when you need one can have.

Early on in my career, it was more experienced real estate association members who served as my backstop, confirming (or, in some cases, to
Read More...

The City of Toledo’s Department of Housing and Community Development is launching a Lead Stabilization Grant Program to support landlords and homeowners in controlling lead hazards in their properties. The grant will open today and close on June 1, 2024, or until funds are exhausted.

To apply for the Lead Stabilization Grant please visit: Toledo’s Housing Grant Application.

Eligible parties include:

• Landlords and Homeowners
• Properties must be built before 1978
• Properties must be located within the City of Toledo limits
• Property taxes must be current

The grant program provides 100% reimbursement of most costs incurred to conduct lead stabilization activities, excluding taxes or fees. The maximum reimbursement amount is $15,000 per unit. Proof of payment is required for reimbursement.

Some examples of reimbursable costs include:

• Clearance exam performed by a licensed clearance technician, lead inspector, or lead risk assessor
• Painting materials
• Doors (interior, exterior)
• Windows (replacement, glass block)
• Vinyl siding
• Roofs
• Basic ground coverings such as mulch for bare soil around the dripline of a property
• A lead risk assessment by a Licensed Lead Risk
  Read More...