All Forum Posts by: Michael K Gallagher

@Dan Stehr really interesting concept. Keep us updated on how it goes I’m curious now!

@Rheis Cloutier still pretty hot here in central OH. I’m not super familiar with the sea coast of NH, I grew up in the upper valley. So perhaps you would have better luck going into some secondary markets in that area? Lebanon NH, grafton NH, Hanover, might have some better luck in those areas. But yes overall still very hot here!

@Kyle Bunko if all you are looking to do is to get access to the MLS or sell your own deals it's not worth it. Get your license if you really want to build a real estate sales biz. Otherwise it's a ton of money and work for not a lot of benefit.

@Forrest Williams agreed! Then you get more tax advantages holding it longer as a rental.

@Caleb Crockett congrats! Here is to many more!

@Keith Thompson thanks for the detail this was great!

@Joshua D. Sounds like if your worked with her before and are probably some things being implied or “unspoken”. If you are motivated to buy a property and have a specific criteria nailed down…I’d think it’s a pretty simple conversation to have. Sounds like you guys a just a little misaligned on motivations.

In my opinion there really is no “should my realtor be doing xyz….” That relationship is really up to you to build and to define with the realtor. If you’d like or need more assistance just voice that. But on the other hand if they do put in that work and send you properties that meet your criteria, you need to uphold your end of the bargain and actually pull the trigger.

@Cale H. Even though it's not your first "investment" property it seems like there is still opportunity costs to not living there. To the tune of all that equity. If your total ARV is $475 (let's split your difference) and your loan is $374 that's almost $100k of equity from what I'm seeing.

That’s a powerful position to put yourself in. And it seems like you purchased that house in a creative way to make it happen. With the alternative being a much higher price point.

So all in all I think you are off to a decent start.

If you can do a heloc and get access to that equity it will be very powerful.

If you aren’t quite ready to get another property but can use that equity perhaps there is a way to build or create a rental unit on your current property.

@Brandon Sturgill great info! And yeah it’s crazy to think we will hit 3 million by 2050 they are saying…traffic is going to be horrific!

@Ziyad Syed @Remington Lyman is 100% correct. That core 4, having a strong team is huge. BP is a great place to meet, connect and interview candidates though so you are off to a great start!