All Forum Posts by: Brad Clarizio

Guys, quit thinking about it being a dream and that "you want to do it someday". Go out there and do it! 

To me, it depends what you're going for...is this a flip? BRRRR? Etc.

If this is a flip, and you're looking for maximum value and speed to sell the house, I think this is a piece of mind for most people, specifically younger families who factor things like this in. 

If this is a rental/refinance, and/or one that is to be used with the BRRRR strategy, I don't think it makes a huge difference to tenants or appraisers. It certainly won't change your overall condition status (good, fair, average, etc.).

Hi John,

Same story here, same city, too! I started at 21 by flipping houses and eventually got into rentals at 22. At 26, I own 8 SFH's and 1 duplex, and am probably around 6 months from "retiring" from the corporate world. I literally think about it every day. It can be done. Make your goals uncomfortable and have a plan. Last but not least, don't get analysis paralysis. Take a plunge! As someone said above, there will be quite a few different paths.

I'm happy to connect- I live in Hilliard but work near the airport. What helped me was meeting up with @John Horner to hear a real life example of someone doing this. Since then, I've been laser focused on making my goal come true, and I'm so close I can taste it. 

Thanks for the response guys. I have asked a friend to do a "trial run" with me. He has my same passion for getting better, but no real estate experience. What he has that I don't, is time. With my full time job and rentals, it's tough for me to scour listings and wholesale deals. 

Nothing too formal just yet, and I'm always cautious about getting into business with friends, but I think if we structure it right it'll work. I'm confident he'll add value. 

My rental business will be kept 100% separate. Him and I will focus on Wholesale/tail and flips only. 

It depends where you're targeting specifically. You won't have much luck on the MLS, and the Columbus market is so saturated right now you'll need a good strategy to find your deals.

Hey Patrick...depending where your rentals are, there is a Home Depot on West Broad St. and one on Cleveland Ave. that would be good choices. I'm not sure they stand outside waiting, but both of those stores are considered "contractor stores" (they carry huges loads of cheaper tile, more rental quality carpet, etc.), so that's where most contractors are. 

I also did mine at Hondros. For others asking, Ohio does require you to both take pre-licensing courses AND do them in person. 

It'll suck for a few weeks. I'd suggest doing them now before Buckeye football starts :)

I did the Saturday/Sunday combo and was done in like 4 weeks. It was miserable...but most things worth doing to achieve your comfort zone are. Good luck man! 

Hey everyone,

Some of you may have read my "Taking Real Estate to the Next Level" thread, in which I talked about different directions I want to take my life and my business. Well, great things have happened since then, including securing a $150k commercial equity-refinance from a local bank. I'll have the money in the next couple weeks and have my eye on a couple of deals. 

My new question is : For those of you with a partner, how did you find/select them? 

I haven't come to full terms yet on having one, but I do think in the near future I'd like to bring in a partner to help grow even more. A few of the most successful REI's I know do have at least one partner, and I have to accept that I may not be able to do everything myself (I'm not the best at financials), especially as the Columbus market grows and I continue to acquire more.

I bring quite a bit of experience, cash, and rentals to the table, so I'd want a similar contribution from a partner. I don't want to choose someone who is "exploring real estate" with an accounting degree...that's simply not enough. So, what did you look for in a partner, and how do I determine what makes sense for them to "buy-in" to my already well established business? 

Thanks in advance! 

-Brad

Hey Michael, welcome to BP. I own a portfolio of rentals here in Columbus and am always happen to meet with new investors to offer advice. Feel free to message me. 

Completely agree. There are pockets in North Linden that comp out at 100k and would be a B/C property, but most people label NL as a D/F all the way around.