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All Forum Posts by: Doug Phillips

Doug Phillips has started 28 posts and replied 137 times.

Post: Looking for Accountant

Doug PhillipsPosted
  • Realtor
  • Cincinnati, OH
  • Posts 140
  • Votes 53

Hi all!

I'd love a recommendation for a CPA as I am about to start a sales position as 1099 and had some questions!

Thanks!

Doug

Post: Think and Grow Rich: Opinions?

Doug PhillipsPosted
  • Realtor
  • Cincinnati, OH
  • Posts 140
  • Votes 53

@Ben Zelenka

I keep it in my nightstand as one of my go to’s :).

The language is a bit dated, but most, if not all principles still hold up, especially persistence, masterminding, and having faith.

I recommend to everyone Jack Canfield’s book “The Success Principles” which for me was a catalyst into the personal development field from teachers like Bob Proctor, Tony Robbins, Wayne Dyer and countless others (more specialized) like Gary Keller to Thomas J. Stanley etc.

Post: Looking for Tax Professional/Accountant N KY/ Cincinnati Area

Doug PhillipsPosted
  • Realtor
  • Cincinnati, OH
  • Posts 140
  • Votes 53

My wife and her business partner are starting up a company and are in need of a tax professional/ someone who can help with questions related to their business.  My wife is in Cincinnati, and business partner is in Northern KY (Company is founded in KY).  Any recommendations would be great!

Post: Handyman Needed (Cincinnati [Oakley])

Doug PhillipsPosted
  • Realtor
  • Cincinnati, OH
  • Posts 140
  • Votes 53

My partner and I are looking for a handyman/maintenance man in the Oakley area for Cincinnati. Something about this line of work (and contractors) seem to have a lot of folks that come along with a myriad of problems and the personnel just don’t last. Would like to know any recommendations or places we could find someone!

Post: First potential FSBO Purchase

Doug PhillipsPosted
  • Realtor
  • Cincinnati, OH
  • Posts 140
  • Votes 53

@Tyler Shipe

We actually did, it was very smooth.  

We ended up closing in October and in January, started 2 renovations: 1 in the basement and 1 unit on the first floor and finished in April. We had just completed 4 remodels at our other building so we brought in private money and a construction loan for these two. We're now looking at another possible FSBO with seller financing terms; I will let you know how that goes!

Post: Any BP members in Cincinnati?

Doug PhillipsPosted
  • Realtor
  • Cincinnati, OH
  • Posts 140
  • Votes 53

I second @Hillary Fox and  @Emily Scovil comment regarding Joe Fairless' RE Meetup.  I've met some great contacts there and learned a lot as well as referrals on the FB Group.

Post: First potential FSBO Purchase

Doug PhillipsPosted
  • Realtor
  • Cincinnati, OH
  • Posts 140
  • Votes 53

@Steve K. 

Wow thank you for all that! We actually believe the property to be much cheaper than the current market value for this area, and the seller has run the property by various realtors and they told the owner they could get a lot more than our asking, but enter "motivated seller" and they are ready to unload this property. I agree with you, I think a lot of FSBO instances are priced much higher than the correct amount. I'm glad to hear your situation worked out for you!

Post: First potential FSBO Purchase

Doug PhillipsPosted
  • Realtor
  • Cincinnati, OH
  • Posts 140
  • Votes 53

Hi all,

Awhile back, my business partner had the great idea of creating a monthly sort of newsletter so to speak of what was going on with a property we purchased back in February.  Once we were adding value and making repairs and updates, we would mail out and let all the owners on our street know that we were new to the street, what was going on with the building, and drop that we were always looking to buy if anyone ever needed to sell.

That paid off this weekend as we found a motivated seller on the street. We want to save the owner the process and money of using realtors, so we are going the FSBO route. Both of us have never purchased this way, so we were looking for any advice or feedback anyone may have as we prepare to go through this process.

Thanks!

Post: Seller Financing Resources/Questions

Doug PhillipsPosted
  • Realtor
  • Cincinnati, OH
  • Posts 140
  • Votes 53

@Vee K.  That's exactly what I was looking for; I appreciate the feedback.

Thanks!

Post: Seller Financing Resources/Questions

Doug PhillipsPosted
  • Realtor
  • Cincinnati, OH
  • Posts 140
  • Votes 53

Thanks @Vee K.  

Yes we are of course concerned with the tenant's ability to pay, what we are trying to find out is if a tenant who goes through with seller financing can build their credit;  we're trying to help them in that regard if that makes sense.