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All Forum Posts by: Ryan Ogle

Ryan Ogle has started 1 posts and replied 11 times.

Post: Pet fees in Grand Rapids

Ryan OglePosted
  • St. Joseph, MI
  • Posts 11
  • Votes 1

@Account Closed seems shady to me. I would understand them taking the same % they take of rent, but not the entire check. Allowing them the non-refundable fee would be a nice gesture since they will deal with the short-term issues, but ultimately you deal with long-term issues of having a pet in your property and should receive the majority of the monthly fees. Just my two cents...

Post: Grand Rapids Multifamily

Ryan OglePosted
  • St. Joseph, MI
  • Posts 11
  • Votes 1

@Alicia S. if you're looking for a realtor in GR with an investment mindset, reach out to @Tyler Hyma. He knows the area and can give you sound investment advice in addition to his real life experiences house hacking. Highly recommended.

Post: Multi Family South Bend

Ryan OglePosted
  • St. Joseph, MI
  • Posts 11
  • Votes 1
Originally posted by @Joel Florek:
Originally posted by @Ryan Ogle:
Originally posted by @Joel Florek:
Originally posted by @Ryan Ogle:

@Joel Florek where do you invest "up north"? I live in St. Joseph, MI and am currently looking at small multi-family units but having challenges finding them and if I do, someone snags it before me. My soon to be wife and I are looking to buy our first investment and turn our current house into a rental - learning more everyday!

It's not easy that's for sure. You have to have your ducks in a row and be willing to move quickly when the right deal comes across. I live in Michigan City IN but invest in South Bend IN and Iron Mountain MI. 31 units total between 4 properties. 

Thanks, Joel! Not familiar with Iron Mountain, but sounds like you've found your niche markets...Outside of financing, what other "ducks in a row" do you commonly see overlooked?

 I would argue knowing what the heck you are looking at. If you don't know common pitfalls with the construction of properties when you do an initial walkthrough you may be skeptical of certain attributes of a property. Or you may overlook a major issue. I have the experience and ability to repair almost everything in a property(furnace repair and replacing the electrical panel are about the only things I can't do). It makes a big difference when you are trying to scale your business initially. Sweat equity has made all the difference for me to save dollars and reinvest that difference into the next property or pay down debt. 

Duly noted! I recently connected with a local investor who has 20+ years in construction and uses private money to buy properties. He oversees the project/contractors/etc. and has offered to do initial walk thrus with me as I learn. I fully realize I don't have enough experience to know what the heck I'm looking at and am fortunate for to have many connections in the area...Appreciate the feedback.

Post: East Muskegon Neighborhood

Ryan OglePosted
  • St. Joseph, MI
  • Posts 11
  • Votes 1

@Monique H. I would never trust the realtor, they just want to make the sale. Trust your research and if you haven't already, call a few property management companies in the area and ask them. 

Good luck!

RO 

Post: Multi Family South Bend

Ryan OglePosted
  • St. Joseph, MI
  • Posts 11
  • Votes 1
Originally posted by @Joel Florek:
Originally posted by @Ryan Ogle:

@Joel Florek where do you invest "up north"? I live in St. Joseph, MI and am currently looking at small multi-family units but having challenges finding them and if I do, someone snags it before me. My soon to be wife and I are looking to buy our first investment and turn our current house into a rental - learning more everyday!

It's not easy that's for sure. You have to have your ducks in a row and be willing to move quickly when the right deal comes across. I live in Michigan City IN but invest in South Bend IN and Iron Mountain MI. 31 units total between 4 properties. 

Thanks, Joel! Not familiar with Iron Mountain, but sounds like you've found your niche markets...Outside of financing, what other "ducks in a row" do you commonly see overlooked?

Post: Any rental and leasing agents in Berrien County?

Ryan OglePosted
  • St. Joseph, MI
  • Posts 11
  • Votes 1

@Marshall Downs (Marshall Downs) might be able to help. BP wouldn't let me tag him so you'll want to click his name and see his profile. Let him know I suggested him! Good luck! 

Post: Multi Family South Bend

Ryan OglePosted
  • St. Joseph, MI
  • Posts 11
  • Votes 1

@Joel Florek where do you invest "up north"? I live in St. Joseph, MI and am currently looking at small multi-family units but having challenges finding them and if I do, someone snags it before me. My soon to be wife and I are looking to buy our first investment and turn our current house into a rental - learning more everyday!

Post: Newbie from St. Joseph, MI (SW Michigan)

Ryan OglePosted
  • St. Joseph, MI
  • Posts 11
  • Votes 1

@Deborah Burian thank you! Miss home but Okie at heart. Hope all is going well for you!

Post: Newbie from St. Joseph, MI (SW Michigan)

Ryan OglePosted
  • St. Joseph, MI
  • Posts 11
  • Votes 1

@Aaron Linden indeed! Market is hot due to low supply and seems like the perfect time to make the change. I didn't realize the exact stats so thanks for sharing!

Post: Newbie from St. Joseph, MI (SW Michigan)

Ryan OglePosted
  • St. Joseph, MI
  • Posts 11
  • Votes 1

Thanks, Rachelle! Glad to be here.