All Forum Posts by: Chad Gallagher

Meetup is scheduled for Tues night, March 12th. 630 PM. Allentown Brew Works on Hamilton in Allentown.   Hope to see you there!

We will have Fred Rice at the Real Estate Hackers Lebanon Meetup. Fred is an expert is water sub-metering. One of the things I love about real estate is all the many ways you can improve your investment. Utility bills are a HUGE HUGE HUGE part of that, way under-rated.

Fred is THE GUY who knows sub-metering inside and out from Spectrum Utilities Solutions. Ever consider RUBS? Want to know the cost associated with full water sub-metering? Fred is coming all the way from Ohio to tell you everything you ever wanted to know. I will be sitting in the first row for this one, with a bunch of our clients, because I get asked about this all of the time and I have a lot to learn!

Whether you are looking at deal #1 or deal #41 -- this Real Estate Hackers meetup for you.  And if you are looking to scale into larger apt complexes and buildings, sub-metering is a really important and complicated topic.  

RSVP Here: https://www.meetup.com/Lebanon-County-Real-Estate-Investing-Meetup/events/wxsmppyzfbzb/

This is part of the Real Estate Hackers Community! That means more awesome speakers coming your way to tell awesome stories, all free.

Come join this free monthly meetup on all topics real estate investing. Each month we have a case study of a real estate investing deal, local off-market deals available from investors, and a main speaker who is an expert in a different real estate topic.

We have pizza at 630, content kicks off at 7..... always at the Clarion Hotel in Lebanon. Nothing is for sale and there's no charge --- just join a group of investors that are looking to meet like-minded people.

The March speaker will be Pawl Good, and it is going to be awesome! Pawl will be speaking about direct mail marketing, how real estate changed his life, and the motivation he uses to keep growing.

Pawl is a uncompromisingly optimistic and always positive Lehigh Valley Real Estate Investor who took the full time plunge just over a year and a half ago. In his first year, last year, he completed 9 transactions which included 4 flips, 2 rental, and 3 wholesale transactions, all through his own in house direct mail marketing campaigns. While going from a $60K W2 salary job to the freedom, stress, excitement, and challenges he faced in ending with over $250K in his first year. Pawl will bear all, share all, and motivate all to take action and follow your own dream.

Come early and get a good seat because this will fire you up to get moving faster!  Location is Allentown Brew Works, 812 W Hamilton St, Allentown.

630 PM ---- Networking over drinks / food
7PM --- Content kicks off

Lehigh Valley Real Estate Hackers Meetup is a chance to meet local real estate investors in the area and part of the Real Estate Hackers event series. We will have top notch guest speakers from the area across a wide range of topics within real estate.
If you have a deal --- please bring it -- as we will give everyone with a deal a chance to announce it to the group!
The meetup is FREE --- please just come with a good attitude to meet great people!

RSVP Here: https://www.meetup.com/Lehigh-Valley-Real-Estate-I...

Kornkot - One thing you could do is have a property manager confirm the rent estimate, and even walk the property for you before you buy it.... just to give you more insight on the rent you can expect.   We do this a fair amount for clients.  

Cherry Hill is an interesting neighborhood.  It's been a a little rough in the past -- but a lot of local folks are optimistic about the long-term prognosis of the neighborhood.

Mamadou -

Nice to meet you.  I actually  got an engineering degree as well, live in Canton.  A bunch of us investors meet for breakfast in Canton once a month - shoot me a note if you are interested and I'll add you to the list.

I agree 7 to 10% is about right for a management fee. Also typically 50% to 1 months rent to find a tenant.  On the fees side, it's a laundry list of potential fees including eviction fees, surcharges, etc.  

For what's it's worth, in Allentown we charge 7% of collected rent and 50% of one months rent to find a tenant. 

Feel free to ping me directly if you have any more questions. 

My experience is that banks will look at comps in the area.  Banks are much more interested in the income approach / cap rate for commercial appraisals -- typically 5 units or more.   We have also bought a lot of properties like this over years -- let me know if you have more questions.  

Sorry -- somehow the time got listed incorrectly here.  The meetup is at 630 PM tonight.  I just noticed that it was listed at 3PM on here.  My apologies, really sorry!  Hope to still see everyone tonight at 630 at Blackjax.... should have a great crowd -- 80+ local investors.

Touch of Color is who we strongly recommend.   Ping me if you need their info. 

I'd suggest talking to Jason Filippou.  Works with a bunch of investors and owns investments himself.  Good dude.  Ping me if you need his contact info.  

Also, let me know if you want rent estimate guidance, we do that for a bunch of investors.