All Forum Posts by: Michael K Gallagher

This was fascinating to read, thank you for sharing!

Congrats!  looks fantastic!  So glad you pointed out that full price still worked.

@Gabe Bouldien Even if you break even every month, is the 5-10 year outlook on the property promising?  could rents go up to $1200 in the next 3 years?

With regard to the mortgage showing up on you personal D:I ratio...Is your friend a real estate lender in the investment space?  If so I'd listen to them.  If not I'd ask your lender that you plan to use for the deal, they will be able to guide you well. 

Hey Spencer, I'm not with Reafco, but if the investment side of things is specifically what you are looking for, they are probably the best brokerage in the city if you want to learn that side of the biz.  I'm with Team Truitt at Keller Williams GC.  I'm the only one on the team really doing the investment side of things but I joined with them because the team lead Dave Truitt is everything personality wise that I am not and therefore what it is I need to work on.  So while the brokerage is important, I'd push you to learn about yourself, what is light and easy for you, whats heavy and hard, and then strategically pick a place that will help you either minimize those "heavy tasks" or perhaps help you learn that skillset to be better at it. 
 

You crack me up!  It's so funny because it's so true!  cheers! 

One of the biggest things I see daily, just from living in the area is the Scioto Peninsula development.  I live in Franklinton and watching that as well  as stage 2 I believe of the Gravity development has been incredible.  Really going to be bring some huge opportunity to the near West side.  

I tend to use a video tours of the area, just driving or walking around to show the out of town investor exactly what it the area is like first hand.  its simple but really effective at providing information to the buyer.

@Keith A. Now that you make me think of it, since RE became my main hustle, I guess my previous main hustle of beauty manufacturing consulting is now my side hustle…also considering breaking into some contract project management work as of recent.

@Michael K Gallagher *$20 for cats…fat thumbs!

@Isham Zabala I charge a $250 non refundable pet deposit, in addition to the security deposit. And then we charge $30 for dogs and $2 for cats in pet rent.

The $250 essentially pays for the fee cleaning when they leave.