All Forum Posts by: Marcus Hendren

I use Venmo, no fee and really fast transfer. Very easy to manage on mobile. 

I recently bought two lots, one holds my personal residence and the other is an adjacent lot. I am located on in the heart of a small town about 20 min Northeast of Columbus, Ohio. The adjacent lot has a historic timber framed barn in good condition. Both lots are zoned residential. The barn is about 60 x 40 with a big hay mow and concrete basement where the cows used to be milked and fed. I have had the barn up for sale on craigslist for some time and it seems most of the offers range between $0 and $1,000. I think it would be a shame to see the barn slowly rot over time or get rid of it for next to nothing, but I also don't want to shell out $10k to repair the roof just to look at it. Does anyone have any insight on the process of converting the barn into two or three apartment units? How difficult would the permit process be? Any projections on how expensive the project would be?

http://www.dailydot.com/opinion/millennial-parents-poverty-internet-scapegoat/?fb=dd+eg This article has been popping up on my news feed on various social media sites because my peers identify with it and share the link. I'd like to hear the everyone's thoughts. You can dive as deep as you want to into the articles points, but I'm going to stay on a macro level. I find these articles and the particular mindset it's exuding to be both infuriating and also relieving. Infuriating because we live in the Information Age. Basically anything is at your fingertips if you're willing to look for it. Want more money? Work more hours, be frugal and become more financially literate. Everyone has rocks in their backpack. I find this article relieving because it reinforces the real secret to getting ahead: Work for what you want. If the majority of my peers as millennials are pissing and moaning because life is hard and not enough is being given to them, then there's more for those willing is sweat and bleed to make things happen.

I invest in college towns as well. To apply, the students oh $20 to cover the cost of the background check. Most of the time, the check doesn't reveal any sort of credit history. I pay close attention to the criminal/ eviction records. I ask for current employment info including income, and then I call to verify. Past landlord info is also a good way to find out if they're good tenants. Getting parents to Co-Sign is probably the best measure you can take. Take the time to meet with them when going through the house and over the application. Usually you can get a sound reading on their character physically spending time together.

Received a letter from the city (Columbus, Ohio) stating a complaint was lodged that the sidewalk in front of my home needs repaired. I don't believe it needs ripped up, rather just replacing worn and cracked areas. According to the city, I have three options: 1. Get a permit and hire a contractor to perform the work 2. Let the city perform the work 3. Appeal I'm sure there are others out there that have dealt with this. What worked well for you? What kind of expense am I looking at?

Ben Volk Whoops! I'll go away now :)

Ben Volk I'm not sure where you found the info about the decline of the population in metro Columbus, but it's been on a pretty steady incline for awhile now.

Thanks for the reply Dave. That's great news! 

Correct Jon. 

Can you roll the sale of an SFR into Ag Land with a 1031? Where is the line drawn on like property to like property? Just trying to compile as many exit strategies as possible.