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All Forum Posts by: Kirky Galt

Kirky Galt has started 25 posts and replied 116 times.

Post: Would my situation require a RE license or LLC?

Kirky GaltPosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 125
  • Votes 28

In Ohio you would definitely need a real estate license, but not an LLC. However, you may not be old enough to get one.

Post: What is the best method for finding Probate and eviction leads?

Kirky GaltPosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 125
  • Votes 28

The leads will be fresher and cheaper if you go directly to the courthouse or county recorders office; however, your have to enter them into spreadsheet and sort them based on where they are in the process, potential equity, and other factors. It will be more efficient if you use a website that provides leads and means of filtering them.

Post: First wholesale fell through

Kirky GaltPosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 125
  • Votes 28

You have a great attitude! I'm sure you will succeed.

Post: RE attorney

Kirky GaltPosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 125
  • Votes 28

Hi Paul,

You can check this guy out. I haven't used him but I've met him and he has a good reputation.

http://www.paulhornlawfirm.com/

Post: Salvador Marin from California

Kirky GaltPosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 125
  • Votes 28

Hi Salvador,

Welcome! I just recently joined as well.  I'm over here in Rialto, hope to meet you eventually.

Post: Issues with Buyer using Hard Money

Kirky GaltPosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 125
  • Votes 28
Thanks Jon!

Post: Issues with Buyer using Hard Money

Kirky GaltPosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 125
  • Votes 28
If a buyer is attempting to use hard money to finance a wholesale deal, with that create any issues over the assignment fee?

Post: Realtor and aspiring investor in the Inland Empire.

Kirky GaltPosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 125
  • Votes 28
Originally posted by @Aaron Mazzrillo:

You say you specialize in sustainability. A great question to ask yourself when you are considering entering into a deal is, "Is this sustainable?" I've seen lots of investors start small, blow up way to big way too fast, and come crashing down. Sustainability is essential for building a long term investing career. That means avoiding things like short term balloons or believing you'll find the money before the balloon is due. When doing rehabs never squeeze your rehab costs, inflate your sales price and underestimate holding time just to get your offer accepted. And when considering holding property as a rental, never over estimate cash flow and lower vacancy expenses.

That's an excellent point Aaron; because whether it's your business or the natural environment, what's the point if you can't sustain it into the future? 

Post: Do you like open houses as a Realtor?

Kirky GaltPosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 125
  • Votes 28

I've gotten a buyer at an open house before, but they're few and far between. Your prospecting time would be better invested in some other, more proactive method of lead generation. Setting up and conducting an open house takes about 8 hours, whereas you could spend that eight hours door knocking on targeted leads, and get better results.