Real Estate Investors Association of Greater Cincinnati

Author: Vena Jones-Cox (52 articles found) - Clear Search


My why.

1
Comments

Start With Why

Long, navel-gazing post/manifesto ahead:

Anyone who's started a business will tell you that you HAVE to have a really big "Why"--bigger than 'the money' or the desire to not work for someone else--if you're going to get through all the hard work and disappointments and market cycles and fear.

For some people, it's the desire to spend more time with their children, or to create generational wealth, or to give, financially or in terms of time, in a big way to a cause they’re passionate about.

Since I don’t have children, my big why sort of falls into the latter category, but in a weird way.

I love real estate—it’s interesting, fun, creative, and the learning just never stops (which my ADHD brain loves). It also provides the financial freedom to spend a humongous amount of time on much HARDER thing that’s my real “Why”.

If you haven’t gathered this from talking to me or reading my posts, I’m a huge believer in and advocate for freedom in all of its forms—financial, personal, political, social, whatever.

It’s hard for people to feel, or be, free, or to want real freedom for other people, when they’re struggling financially. There needs to be a base level of financial security before humans can even start to creep out of survival mode and into “Impact” mode and “Betterment” mode.

The way *I* know how to get there, and I know how to CONVEY how to get there, is through owning and ... Read More…


Learning That I Can’t Be the Workhorse

0
Comments

Multitasking

I’m very slowly, very painfully, and with a lot of stops and starts, learning something uncomfortable about myself.

In my heart, I’m still the workhorse/get ‘er done/no one can outwork me, person I was 30 years ago.

I’m the one who’s always ready to jump in, take out the trash, move the chairs, stay up all night painting the unit for move-in tomorrow, stay late, handle the problem, make it work if it kills me.

And for a long time, that was a strength. It’s how I built credibility, survived early deals, got experience, and showed everyone that I wasn’t “above” anything and that I was useful.

But here’s the hard truth I keep running up against: that identity, that instinct, is now the thing holding me back.

Because every time I insist on doing work that someone else could do — even when I’m good at it, even when it feels virtuous — I’m stealing time and energy from the work that only I can do.

I have a lot of business (not something I necessarily recommend to others!) and that means a LOT of chances to jump in and fix things and be a team player and prove I’m not stuck up (which was the WORST thing someone could say about you on the Oakley Elementary School playground, and an accusation that still rings in my head lo these may years later).

It’s really, literally painful to think about saying things like, “I’m sorry you don’t have time to show that vacancy ... Read More…


What to Do When You Don’t Feel Smart Anymore.

0
Comments

Blog Post 26

If you got into real estate anytime in the last decade, you’ve spent most of your investing life in a market where prices went up, inventory stayed tight, and competition never really let up.

There are some real advantages to that kind of market. Flips, both wholesale and retail, sell fast. Renters are easy to find, and rents usually climb every year. The headlines are upbeat. Everyone feels smart.

It’s fun to be in the real estate business when the wind is always at your back.

The downside of that kind of market is, of course, that everyone wants to be in it. And that means that great deals are hard to come by.

When homeowners and investors are all racing to buy, prices get pushed up and profit margins get squeezed.

Finding deals that actually pencil out as long-term holds or really profitable flips becomes the hardest, most time-consuming part of the business. We find ourselves doing deals that are pretty marginal—because, well, they keep working out as long as the market stays hot, and prices keep going up.

But the one constant in the real estate market is change…and that’s what we saw in 2025.

Buyers hesitated. Inventory grew. Rents and house prices didn’t.

Logically, most of us get that lower sale prices and flatter rents aren’t a problem as long as purchase prices and payment terms come down even more.

Slower sales and less competition = more motivated sellers.

More motivated sellers = lower prices and better terms. ... Read More…


I Can’t Said the Ant. But He’s a Brainless Arthropod. What’s Your Excuse?

0
Comments

Image%202

When I was 2 or 3 years old, my mother took me on trips to the library almost every week. While she checked out the latest mystery novels, I always went to the same shelf in the children’s section and pulled down the same worn, tea-colored book called “I Can’t, Said the Ant.” I must have made my mom check that book out 50 times. I had every word memorized, every illustration emblazoned on my brain, and every character befriended in my daydreams.

In case you missed out on this epic, the basic plot is that a teapot falls off the counter and breaks its spout, and if it isn’t put back up, it will die some horrible teapot death. All of the denizens of the kitchen—from the dinner bell to the pie to the pot—beg the (oddly, single) ant in the kitchen to get the teapot back to the counter and repair the broken spout.

Much rhyming ensues (“I can’t bear it, said the carrot” is one that still sticks with me), and ultimately, the ant, who initially, as you might guess from the title, doesn’t see how he can manage it, rounds up a work crew of insects and rescues the unlucky teapot from the floor.

Yes, this is going somewhere.

To this day, dozens of years later, I still think about that ant and his creative solutions to an impossible task when I think about the people I meet for whom “I can’t” is the final answer and the much smaller group of people I meet for whom “I can’t” is jus ... Read More…


Your Network is Your Net Worth

0
Comments

Net Worth

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, totally trashing) my evaluation of deals I was considering buying . Without them, I’d have made a lot of mistakes that I didn’t make and passed up a lot of opportunities I didn’t pass up.

Later in my business, when I started wholesaling, I rarely had to advertise my deals at all. And  I don’t just sell 90% of the deals I wholesale to members of my local REIA; I sell them to memb ... Read More…


3 Stages in Your Journey to Success

0
Comments

10%2019%2025

For whatever reason, a lot of real estate investor have this idea that a career path in real estate is strategy-based; we’re all supposed to start with wholesaling, move on to the bigger checks (and bigger complications) of retailing, then buy single family rentals, and then, we we’re really knowledgeable, wealthy and experienced, end up in apartments or notes.

In real life, there’s no such prescribed life cycle; lots of people start out in rentals, or even note-buying; I myself discovered wholesaling only after nearly 5 years in the lease/option business.

But there IS a path that we should all recognize and be on that has nothing to do with our age at entry, or our favorite asset class or exit strategy, and that’s the journey from trading our hours for (highly-taxed) dollars to having our lifestyles completely paid for by our assets.

This metamorphosis takes place in 3 stages, the terms for which were coined by the great Pete Fortunato.

     Starters are folks who are still learning and exploring the trade. They’re willing to do what it takes to get educated and to do the hard work of finding deals, which means that, in a sense, they’re still trading hours (spend finding, constructing, and managing properties) for dollars. If they’re smart, they’re doing all this work to set the stage for the next step in their evolution, where they can produce more of their income from more tax-efficient, less strenuo ... Read More…


How to Get Help Doing Your Deal (without getting a “mentor”)

1
Comments

Pros%20%2814%29

When you’re doing your first few deals—or doing your first few deals in a strategy that you haven’t explored before—you need help.

Maybe it’s help evaluating the deal. Maybe it’s help with negotiation or contracts. Maybe it’s help understanding how to ‘price’ the rent or sale price. Maybe it’s help understanding how the financing will work. But you’ll find yourself needing advice from people who’ve ‘been there, done that, got the T-shirt’ over and over again throughout your real estate career.

This is no small matter; it’s easy to lose a deal (or worse yet, do a bad one!) because there’s ONE hangup. ONE question that needs to be answered or ONE problem that needs to be overcome

1:  EVERY Friday morning at our online Haves and Wants meeting. It’s very common for members to attend with the “Want” of “I need someone to walk me through how to do this subject to deal I found” or “Can someone help me with evaluating a property I’m trying to buy?” and to get assistance either then and there, or later in the day from someone who volunteers to help out.

2:  At our monthly online General Membership Meetings. Each begins with an informal early bird session where you can ask questions, introduce yourself, and find out who does what.

3: At our monthly in-person Chapter meetings. If you happen to live in the Columbus, Cincinna ... Read More…


"Wholesaling” Creative Deals

0
Comments

071825%20Pros

Lordy, people, there are SO many ways to put together real estate deals. SURELY there’s one out there that you’ll like/understand/benefit from.

If you don’t like full-on wholesaling—maybe because ugly houses repel you, or some of the areas that work well aren’t neighborhoods in which you want to spend time, or you don’t like making super-low offers—then learn how to do creative deals, and flip those.

Creative financing techniques—buying properties using seller-held mortgages, contracts for deed, lease/options, and subject to the existing loan—are usually thought of as ways for you, the buyer, to control real estate for some period of time so that you can exercise some exit strategy that requires control.

For instance, you might buy a property subject to the existing loan so that you can renovate it and rent it for the long term. Or you might get a “split funds” seller mortgage for a year because you intend to renovate and resell the property within that year. Or you might control the property with a lease with the option to buy so that you can sell it with a lease with the option to buy (with, of course, a higher overall price, higher down payment, and higher monthly payment coming to you than the ones you’re paying).

But, if done carefully (by which I mean with the right people, full disclosure, and all the contractual ‘i’s dotted and ‘t’s crossed) creative deals can also be ... Read More…


Got burning real estate questions?

0
Comments

Rlre Logo%20%281%29

On our July 9th episode of Real Life Real Estate Investing, we opened the lines for one of our favorite formats—Q&A Day. Vena tackled your real-world questions about buying, selling, renting, financing, managing, and more. If you missed it live, don’t worry—the answers are just a click away. Listen to the recording here 

And don’t forget to tune in every Wednesday at 5 PM Eastern—https://streamdb3web.securenetsystems.net/cirrusencore/WMKVFM.

... Read More…

Who EVER Built Freedom Alone?

0
Comments

Pros%20%2811%29

You got into this business for freedom, right?

Money freedom , yes. But also time freedom, and life-on-your-terms freedom.

But here’s a truth a lot of us don’t realize early enough—and it handicaps us:

Independence isn’t…Independent

At every stage of this country’s history, it’s been groups of people, acting together, that have secured the blessings of liberty for themselves and others.

From overthrowing British rule to ending the practice of slavery to suffrage to the civil rights movement and on through today, new freedoms have only come when enough people got together for a common cause, organized to achieve what they wanted.

Guess what? Personal financial freedom is ALSO a team sport.

No one builds wealth in a vacuum. No one protects their property rights to it by themselves. And no one makes it to the top without a whole bunch of people who have  their back.

Wanna do new things without messing up? You need vetted education and advisors.

Wanna scale? You need team members and financial friends.

Wanna get past the inevitable mistakes? You need partners and allies.

Wanna keep what you’ve built? You need a team that fights for your rights when the government comes knocking.

That’s us.

COREE isn’t just some “club”.

We’re a community of real people building real freedom—and making sure nobody takes it away.

We teach each other, challenge each other, help each other.

We h ... Read More…