All Forum Posts by: Ian Gilligan

Hey guys, did anyone end up going with a particular collection agency for monies owed? I own in Dayton, as well, @Laine Furukawa. Thanks! 

Hi all,

There’s a few posts here about a utility cap. Can someone drill down a little further on this? Perhaps even provide verbiage from your lease? Seems like it would get sticky handling this with a tenant, or put them off of renting with you entirely…

@Jeremy Blackburn @Robin Smith @Allen Duan

Hey BP! 

I've had cats destroy a couple faux-leather couches recently, so looking for insight on the best couch material for longevity. Also, I realize the best answer to my question is, "don't allow pets".  ;)

Thank you! 

All the Columbus investors showing out! Might buy there one day but staying in Dayton for now. 

Hey all! 

Looking to connect with any Ohio investors while at the conference. I've been buying in Dayton for the past 4 years. Let's touch base!

Hi Tanvir, I'll be there and am looking to connect with other Ohio investors. I've been buying in Dayton for the past 4 years. 

Hey guys, 

Should a lease for a medium term rental be drastically different than it is for a standard long term lease? If someone has a medium term lease that you use, could you share? Thanks!   

Hi @Roy Massey,
Just curious what you decided for this. I'm in the exact same situation on a BRRRR... trying to make the best decision from a value perspective. Thank you sir!

Hi all, 

Talking with a seller tomorrow about buying a duplex from him Sub To. And I'm probably an idiot but I can't seem to figure out what exactly happens when I take over the payments. Am I sending his mortgage company checks with my name on them? A little confused... Thanks much. 

-Ian

Hey BP, 

An investor is willing to sell my partner and I a package of 6 homes. Would be buying pretty significantly under market value, with rents very under market. Once vacated, they'll all need to be turned, to varying degrees. I am trying to figure out how best to structure this deal so that we'll be out of pocket as little as possible, but also not have to come out of pocket a ton on each rehab as they become vacant. 

Maybe finance them, and have an equity partner provide down payment? Could we also have equity partner provide draws for the rehab? 

Also considering a big private loan, but as there's no telling how long before some of these will be vacant (they're all MTM but don't want to jack up rents so high that everyone leaves) so I don't want to be in private money for an indefinite period of time... 

I've never bought a package before and just need some insight regarding possible ways to structure. 

Really do appreciate your thoughts.
Best, Ian.