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All Forum Posts by: Michael K Gallagher

Michael K Gallagher has started 24 posts and replied 1232 times.

Post: Architecture + Real Estate

Michael K Gallagher
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 1,255
  • Votes 971

Yes it totally would be!  I'd imagine trying to pursue both licenses simultaneously would be extremely difficult though.  Although I don't know what all is involved for an Architecture license but I imagine a lot!  

Post: How to fund a Turn key rental property?

Michael K Gallagher
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 1,255
  • Votes 971

Hey @Javaras Thomas From what I understand a very common form of partnership is that one person brings the deal, and the other brings the downpayment.  Now I'm not sure what the details are around deeds and ownership stakes etc, But it is a pretty simple way to work around that.  Other basic ideas would be to seller finance. That way a bank is not involved or only involved partially.  If you are leaning more towards private funding or raising funding....I thought the book "raising private Capitol" was fantastic.  

Post: What can a tenant hold rent for?

Michael K Gallagher
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 1,255
  • Votes 971

@Nathan G. Dropping knowledge bombs out here! Such great advice!

Post: Smart locks/Keyless entry

Michael K Gallagher
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 1,255
  • Votes 971

@Orly Howard so I’ve only had the keyless entry on my personal residence. So I say this from installing and using daily. I prefer the type, like Schlage has, that has actual physical buttons. The models with the touch screens seem to never wake up well, the battery life to be anything decent required you to have the WiFi functionality of the lock….the entire reason for buying the higher end touch screen model might I add!….turned off. And the battery is just 4 AA, not a rechargeable pack like in a ring doorbell.

Just my opinion for using them daily the past 5 years…and having them on my rentals.

Post: Thoughts on contacting the seller directly through Facebook?

Michael K Gallagher
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 1,255
  • Votes 971

@Jason Wiser if you have an offer in, if the property is on the MLS and you have a buyers agent. It should be really easy for your buyers agent to get a response back from the listing agent. There is actually a section on the bottom of most offers that should be returned to you signed by the seller that they saw your offer, at least that's how we do it in OH. But yeah I'd steer clear of going direct to seller unless the listing expires or something.

Post: Strategy for buying an entire condo complex?

Michael K Gallagher
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 1,255
  • Votes 971

@Dan Stehr really interesting concept. Keep us updated on how it goes I’m curious now!

Post: Is it a Volatile Market?

Michael K Gallagher
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 1,255
  • Votes 971

@Rheis Cloutier still pretty hot here in central OH. I’m not super familiar with the sea coast of NH, I grew up in the upper valley. So perhaps you would have better luck going into some secondary markets in that area? Lebanon NH, grafton NH, Hanover, might have some better luck in those areas. But yes overall still very hot here!

Post: Getting Real Estate License - Yay or Nay?

Michael K Gallagher
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 1,255
  • Votes 971

@Kyle Bunko if all you are looking to do is to get access to the MLS or sell your own deals it's not worth it. Get your license if you really want to build a real estate sales biz. Otherwise it's a ton of money and work for not a lot of benefit.

Post: Flipping Houses Or Investment Property

Michael K Gallagher
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 1,255
  • Votes 971

@Forrest Williams agreed! Then you get more tax advantages holding it longer as a rental.

Post: My Offer Got Accepted!

Michael K Gallagher
Posted
  • Real Estate Agent
  • Columbus OH
  • Posts 1,255
  • Votes 971

@Caleb Crockett congrats! Here is to many more!