Hi everyone, we are Jeff and Darlene!
Category: New Member Introductions
4 replies
Original post
We have just invested in our first 2 duplex rentals in Illinois. We also are part owners of a commercial property in Ohio. We plan to add to our residential portfolio with a focus in Illinois and Ohio. I (Jeff) am nearing the end of my primary career and we are looking to build a rental portfolio that provides us with an ongoing income into our latter years and as a cash producing to leave to our children.
I should have added we currently live in the Akron Ohio (NE Ohio) area.
Reply by Jaxon Patterson
Hi @[cmw2jhokv0003uk0k73ztri6w](JeffandDarlene Lanz), great to meet you! Exciting times. What made you focus on Illinois in addition to OH?Reply by Sharlene Mulchandani
Welcome @[cmw2jhokv0003uk0k73ztri6w](JeffandDarlene Lanz), so glad to have you both here! Starting with two duplexes plus a stake in a commercial property is a really solid foundation. Having a clear goal from the start puts you ahead of a lot of people who jump in without that kind of plan. Building long term income plus something to pass on to your kids is a great reason to do this.
Focusing on Illinois and Ohio where you already have a presence is a smart move too. Knowing your markets really well makes a big difference. Being local to the Akron area also gives you a nice advantage on the Ohio side.
You’ll find a lot of good people here who invest with that same long term, build for the future mindset. Please don’t be shy about asking questions or sharing how things are going as you grow. Welcome again, we’re really happy you found us!
Reply by Marc St.James
Welcome @[cmw2jhokv0003uk0k73ztri6w](JeffandDarlene Lanz)! That's great that you have family nearby who can help manage the properties. Having that kind of support can make a big difference, especially when you're just getting started with rentals.
I like the long term approach too. Building something that provides income now and something to pass down to your kids is a pretty great goal. Looking forward to hearing how things go as you grow your portfolio!