All Forum Posts by: John Wright

@Jonah Tremblay If we determine that damage was caused by tenant we fix the item but keep the invoice to later deduct it from the tenants security deposit when they eventually move out.

@Stedman Valentine house-hack a duplex with an FHA loan on the Southside, near German Village or on the east side in Blacklick or Gahanna. Your tenant the other side will be paying the majority of your mortgage while you get landlord experience. You can then choose to either live cheap for a while and save for a house or for your next duplex to hack. I just did this successfully in Southern Orchards last year which allowed me to buy another property in Florida!

Look to the market for your niche before you start investing in marketing. Do a SWOT analysis for your market and try to find the segment or segments that are being underserved and target them. 

@John Wright he has *no plan to “sell-high”.

@Rey Gonzalez be careful who you listen to for advice. Investors are in the market whether it’s up or down, they just adjust the strategy accordingly. Speculators are looking to “time” the market and often “buy-low, sell-high” and predict the outcome (which is almost impossible to do). Investors outlast the ups and downs of the market and win in the long game. Warren Buffet is a great example of this philosophy. In all of his interviews when he is asked about economics or the future he basically says he does not even consider the future when making a decision on an investment (paraphrasing). This is because he has to plan to “sell-high”. He understands that the long-term benefits of being in the market will outweighs any up or down swings along the way!

Some people are problem solvers and actually derive enjoyment and other personal benefits from troubleshooting problems, coming up with solutions and executing on them. Let's refer to them as "quarterback" type of investor. These may be the "Bucket 2" people. In my opinion the quarterbacks happen to be some of the most impressive investors I have encountered. They are usually above average intellect, successful other aspects of their lives, and extremely confident in their capacity to handle almost anything that comes their way. When an issue arises, my clients who are quarterbacks really can't help but dive in and would naturally have a hard time outsourcing the results (winning) to someone else because really they are just built for it. With the game on the line they want to call the play and throw the winning touchdown. They would even catch the game winning touchdown if they could. They may justify this with the cost savings or control arguments that you have read from responses above, but the truth is they get way more personal value than the cost savings or control alone. 

What the "Quarterback" does not usually understand is that in this role they are exchanging time for money(or cost savings) instead of exchanging time for equity. The quarterback has to play and play well if they are to win. If he does not play or does not play well the team cannot win or is less likely to win.

Someone who exchanges time for equity would be the coach or even the owner of the team. (Bucket #1 people and some Bucket #3 people who eventually move to Bucket #1) The coach has a result that he needs to attain (winning) and invests time into the quarterback to get the result. The coach cannot be the one to throw or catch the game winning touchdown himself but directly benefits from the result with equity. They equity for the coach could be a annual salary that most people could retire from after one year or even status of the position. The coach may not even be the best example of time exchange for equity. The owner of the team may be investing money and time in the finding and hiring a coach but is gaining equity from attaining the result (winning). 

I apologize to the non sports fans who will not relate but as you can probably tell I really miss not having sports.  

@Tyler Caglia No way I grew up in Whitehall!

@Markus Atkins we might already be to late for OTE and Franklinton! In all honesty I would buy almost anywhere East of Parsons. I love the backstory of Children’s up there. It reminds me of Madisonville down here in Cincy.

@Markus Atkins @Tyler Caglia My property is on Thurman Ave right down from the world famous Thurmans Cafe! Lol I believe it’s technically Southern Orchards but I also like Merion Village, OTE, Franklin Park, and Franklinton to the West.

@Tyler Caglia well done! It’s nice to see my hometown getting so much love from investors as of late. To people from Columbus the growth is nothing new but It’s good to see the love from the coasts. I’m now in Cincy but am buying properties for my portfolio in both cities especially in Southeast Columbus. Thank you for mentioning the analysis by paralysis. I have found that it is a serious hurdle for even the brightest of newbie investors but you just gotta trust the process. People buy thousands of properties every day and (outside of forums like this ) how often do you really hear about someone loosing everything on one deal? Anyways thanks for posting and feel free to reach out to me if you end up shopping for syndicated deals. We are investing in value-add and turnkey multi’s here in Cincy and expanding to double digit growth markets this year. Cheers and GO BUCKS!