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All Forum Posts by: Michele Galloway

Michele Galloway has started 4 posts and replied 26 times.

Post: School will Never Teach you how to Get Rich

Michele Galloway
Posted
  • Investor
  • Windsor Mill, MD
  • Posts 29
  • Votes 11

Many wealthy and successful people have graduated from the University of Southern California USC) Marshall School of Business, including entrepreneurs, investors, and CEOs. [1, 2, 3]
Entrepreneurs [3] Brandon Beck Co-founded Riot Games, which was acquired by Tencent Holdings in 2011 [3] Josh Berman Co-founded Myspace and founded BeachMint, an e-commerce fashion site [3] Paul Bricault Founded Amplify.LA and is a Venture Partner at Greycroft Partners [3] Marc Benioff Founder and CEO of Salesforce.com [2] Snoop Dogg Received the 2024 Lloyd Greif Center for Entrepreneurial Studies Entrepreneur of the Year award [4]

Generative AI is experimental.[1] https://www.marshall.usc.edu/news/marshall-alumni-represent-2023-forbes-30-under-30[2] https://en.wikipedia.org/wiki/USC_Marshall_School_of_Business[3] https://www.builtinla.com/articles/usc-grads-who-have-founded-prominent-la-tech-companies[4] https://www.marshall.usc.edu/posts/snoop-dogg-shares-wisdom-with-marshall-students-wins-entrepreneur-of-the-year
Not all images can be exported from Search.

Post: Evicting During Winter Months

Michele Galloway
Posted
  • Investor
  • Windsor Mill, MD
  • Posts 29
  • Votes 11

Have her look into the AARP foundation.  They help seniors out.  https://my.aarpfoundation.org/article/renter-eviction-assist...

Post: Accountant Needed in the Baltimore Maryland Area

Michele Galloway
Posted
  • Investor
  • Windsor Mill, MD
  • Posts 29
  • Votes 11

Best CPA in the area.  I've been dealing with him at least 15 years.

https://www.kevinhowardcpa.com

Post: Investor friendly title company in Maryland

Michele Galloway
Posted
  • Investor
  • Windsor Mill, MD
  • Posts 29
  • Votes 11

@John

@John McCoy This is an excellent firm that does title.   https://www.souzalaw.com

Post: Long Term Tenant wants to invest in upgrade

Michele Galloway
Posted
  • Investor
  • Windsor Mill, MD
  • Posts 29
  • Votes 11

I have a tenant that has been renting my house more than 10 years.  This morning she asked if she could put a plexiglass shower door in the bathroom.  I am not good with that.  It is not her house and I don't want her thinking she can just make changes in my property on a whim.  My response is for her to send me what is looking at.

I'm worried this has legal ramifications and wanted to ask the community if they have ever had this issue.

Post: How to access money in an investment property equity

Michele Galloway
Posted
  • Investor
  • Windsor Mill, MD
  • Posts 29
  • Votes 11

Thank you so much!  I appreciate the network.

Post: How to access money in an investment property equity

Michele Galloway
Posted
  • Investor
  • Windsor Mill, MD
  • Posts 29
  • Votes 11

I own a home in California that has about 100,000 in equity. I'm rehabbing a property in Baltimore, Maryland and want to get $75,000 from the California house. I called Bank of America to open a HELOC, and was told you cannot open a HELOC on an investment property. Can someone advise me how to use the equity in the California House to renovate a new property. I am closing on the house on Monday, and am fine with financing the purchase, but I need cash to have an easy renovation experience. Thoughts?

Post: Do you have a mentor or are you self educated fully?

Michele Galloway
Posted
  • Investor
  • Windsor Mill, MD
  • Posts 29
  • Votes 11

I got a great education from seminars and clubs. There was value in one organization I joined. I had realtors that would give me, a newbie, access to properties because I was in the Club, I was able to borrow $ easily because I was in the Club. The founder had such an incredible reputation, these professionals gave us access that you would have to network to obtain. 

My only advice is that you be very careful on the relationship you build with your coach/mentor.  I had a coach who helped me get a small down payment ($22,000) from his father in law to lock down a house, which I paid off in 30 days. But when the coach and I did not see eye to eye on my rehab, (he wanted to make additional $ on paint and supplies, and I bought my own), he started trying to make me fail.  I however was very successful and rehabbed a house that sold in less than 30 days.  But when I went to closing, I couldn't sell the house without his father-in-law signing off his lein.  The Title company offered him some $ to sign off.  He took it.  So, lessons learned, I would never ever borrow money from a person my coach knows again.  I would do everything independent of the coach, including buying supplies.  

But I learned so much, and I would do it all again.

Post: ABC Capital & Maverick Investor Group--lawyer needed

Michele Galloway
Posted
  • Investor
  • Windsor Mill, MD
  • Posts 29
  • Votes 11

I don't know if they have experience with ABC Capital, but here is a highly recommended law firm for you to consider.

http://www.souzalaw.com/

Post: Eviction Nightmare with aggressive tenants.

Michele Galloway
Posted
  • Investor
  • Windsor Mill, MD
  • Posts 29
  • Votes 11

Thank you for sharing.  It really helps a lot of us listening to your experience.  I also find your story delightful, and glad your wisdom kicked in.  I don't agree you should kick your partners out.  They didn't know what they were doing and they weren't malicious.  My only issue is that they didn't share the business knowledge with you.  I like your solution, keep them in, let them fund, and you run everything.  You should have an uptick in your share of the $ though.  But I am ASSuming your good old boys are friends.  If not friends, then yep... boot em.