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All Forum Posts by: Thomas O'Donnell

Thomas O'Donnell has started 92 posts and replied 230 times.

Post: Found Major Water Intrusion Issues, Please Help!

Thomas O'DonnellPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 231
  • Votes 188
Quote from @Chris Seveney:

@Thomas O'Donnell

I would take a multi step approach. First fix all the gutters and have them drain away from house, if you have to get extensions to have them run further away from house do so.

If that does not solve it you can add a French drain around the house (even on other side of sidewalk) which could include gravel and a drain which again brings water away from house.

Those would be the first two steps I would take.

Also is your basement finished ?


 So the neighbors house is right next to mine. Our walkways have like 2 inches of dirt between eachother. Also, this is an unfinished basement. 

Post: Found Major Water Intrusion Issues, Please Help!

Thomas O'DonnellPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 231
  • Votes 188
Quote from @Anthony Dooley:

Yes, fix the gutters and fill in any low areas around the building in order to keep water from standing and force it away from the building. That should work and isn't very expensive. A french drain may be needed, but do the other things first and see what happens.


 If I have cement on the sides of the building, what do you recommend putting there to fill in the negative grading and make it positive? 

Post: Found Major Water Intrusion Issues, Please Help!

Thomas O'DonnellPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 231
  • Votes 188

Good morning everyone. I woke up this morning to very hard rain and the sound of heavy pouring. I went outside and discovered that the downspout from my top roof to my lower roof not only hangs too far over the gutter, but the gutter also is not draining right. This is leading to a bunch of water pouring straight down at the corner of the foundation. I have negative grading in general on the sides of the duplex (yes I know negative grading is bad for water) and when I went into the basement, I saw puddles being made from holes at the very bottom of the foundation wall. Water was coming in from a few spots and making puddles in the basement. First question, I know my gutters are kind of old and crappy, should I have them replaced or repaired? Second question, how do you fix negative grading on the sides of your house when both sides are concrete walkways that slope towards the house? Third question, how expensive would it be to fix all of these things? I was going to add videos but it is not allowing me to.

Post: How to Deal With a Mindset Shift Different From Those Around You

Thomas O'DonnellPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 231
  • Votes 188
Quote from @Leo R.:

@Thomas O'Donnell I think that what you describe is fairly common for RE investors (I've experienced similar things myself).

First, let's break down the possible reasons for why your old friends act this way, and then I'll provide a few actionable suggestions for what you might do to address the issue...

The issue often begins because people (including RE investors) naturally want to talk about 1) their successes, and 2) what interests them. RE investors are, of course, interested in RE investing--and especially when we first start succeeding at RE, we naturally want to talk about it with everyone. Success is often sweetest when it's shared, so when we succeed at our first house hack, BRRR, etc., our natural inclination is to share that with our friends!

The problem, of course, is that most people are NOT interested in RE investing (hard to imagine, I know!).  Moreover, some people aren't good at being happy for their friends' successes--and some people even resent their friends' successes (more on that in a moment). 

Side note: This is a big difference between investors and non-investors: As investors, whenever we see someone succeed at investing, our natural tendency is to be curious about how they succeeded--we spend countless hours listening to podcasts and watching YouTube videos about other investors' successes...sometimes, we even pay to learn about other peoples' successes (for instance, we buy books on the topic). A NON-investor reacts the opposite way; they see others' investing success, and they're either disinterested, or actively repulsed. In a nutshell: investors are drawn to other peoples' investing success, and non-investors are often pushed away by other peoples' investing success.

Why are non-investors repulsed by investors' success? A lot of this comes down to the fact that, as a successful investor, you have something your old friends don't have (and if they had it, they would be happy for you!). If your friends were also successful RE investors, they'd be cheering you on, but because they don't have that type of success, they resent you. This phenomenon occurs in other contexts too; for instance, a person who's happily married will be happy for their best friend's happy marriage...but, a person who's unhappily single (or unhappily married) might resent their friend's happy marriage. Someone who's overweight and struggling to get in shape might resent their friend who seems to effortlessly have six-pack abs. etc., etc.   

Try to put yourself in your friends' shoes, and it will be easier to understand this type of resentment. For instance, imagine you're working a dead-end job you hate, barely managing to pay the bills, and you see no future for yourself ...but your real estate investor friend has a 7 figure net worth! You work so hard and get nowhere, but your investor friend skates by doing something they love, and they make millions! You drive a clapped-out, twenty year old Civic, but your friend drives a new S class! Your boss makes your life miserable, meanwhile your friend doesn't even have a boss! Why is life so unfair to you!?

...See how easy it would be to become resentful? It's almost unavoidable. In fact, I think it's very important to remember that most of us would become resentful in that scenario!  ...It all boils down to: "you have something I don't have, but I wish I had it, and that makes me resent you."

I'm not necessarily saying that's "right", I'm just saying it's how people often naturally behave.

A strange irony is that it's often the resentful people who will ask the successful friend to share what they have (for instance, by asking them for money, or for an opportunity), but when their successful friend gives them what they want, they resent them for that, too!  ...life's weird.

So, what can be done?

I'd suggest trying the following three things:

1. Try to empathize with your old friends by understanding why they react this way. Importantly, try to remember that if you were in their shoes (no success, no future, working a job you hate), there's a solid chance you would react the same way--it's just human nature.

2. Cut back on how often you talk about RE investing with your old friends...in fact, don't bring it up unless they bring it up. It's clear that RE investing just isn't common ground you share with your old friends. However, you became friends with them for a reason--you shared common ground on something (e.g.; maybe you liked the same music, maybe you had the same sense of humor, etc.). Think about that common ground, and see if you can use it to re-kindle the old friendships...or, try to find new common ground...

As you do this, keep in mind: being interested in RE investing shouldn't be a prerequisite to friendship (if it is, you'll end up with a very lopsided friend group!). Also, being disinterested in RE shouldn't be viewed as a problem, or character flaw (if it is, you'll start seeing a lot of people as pretty flawed--which isn't an enjoyable way to go through life). There are lots of other things you can find in common with your old friends, while discussing RE investing with your new friends!


3. Speaking of that, try to make new friends who are RE investors
(as others mentioned, there are lots of ways to do this--I'd suggest checking our your local REIA).

Doing these three things won't be easy--they take maturity, impulse control, and effort. Also, there's no guarantee of success--no matter what you do, some friendships just aren't made to last (that's just a reality of life that we all face).   ...but, put in the effort, and you might find yourself with two very different, but very meaningful friend groups.

Good luck out there!


 AMAZING POST! Love everything you said, thank you for all of that! Makes so much sense and I appreciate you taking the time to post that. Some very valuable stuff in there I hope other people read it as well.

Post: How to Deal With a Mindset Shift Different From Those Around You

Thomas O'DonnellPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 231
  • Votes 188
Quote from @Peter Eberhardt:
Quote from @Thomas O'Donnell:

 Would it be crappy of me to kind of start cutting ties with people who have been "friends" for over a decade just because we never have things in common and can never talk about my passions with them? 

I really want to surround myself with like-minded people who also love real estate, or are just about growing in general. I would love to make friends or connections with those who are very similar to myself. I don't ever want to get complacent and I feel like everyone around me at the moment is. 

I excerpted two parts of your post here. 

Yes, it would be crappy to start cutting ties with your friends because they don't share one common interest with you. It would not be crappy to start cutting ties with your friends that generally do not support or care about you as an individual, or hold you back from life in general. Be very careful to not put yourself on a pedestal and think that you have an upper edge on your friends or on life because you have the drive and a goal to get there. Be very careful to see the difference between "judgement" and "different". It can be easy to start to feel that you are better then others because you have the drive, you have the goal, you are going to make it. That doesn't make you better. It makes you different.  It is possible to surround yourself with like-minded people who can feed that part of you in RE that is driven, but you also need your friends that are your friends to enjoy life with and check the boxes of friends - fun, supportive, caring, etc. 

I struggled with the same thing for a long time. I packed everything I had into my Honda and moved myself 700 miles away to San Diego at 18. Some of my friends do not really care to better themselves or their situation. I come from a place of understanding this and unconditionally accepting it. Just because you accept it, does not mean that you have to agree with it. For me the hardest part is seeing these people I care about, sitting on money or sitting on opportunity that they could help themselves with live a better life but because of 'x' 'y' or 'z' they do not. But they check the boxes in everything else and we are friends. Then, I also have my circle of like minded individuals that I have met along the way on my investing journey, and those people share the same mindset and lift me up in this category.  

Feel free to reach out anytime to talk, and congratulations on taking the step for yourself. That takes courage and it takes heart! It will all make sense for you one day.  


 Thank you so much for this post! I appreciate what you said and I definitely agree with a lot of it. One thing that is kindve tough for me is that with one of my groups of friends, I try talking about real estate or just what’s going on with my life in general about it and they show no interest or they don’t care how it’s going. And that same group I’ve tried to help before or give some learning recommendations like books and stuff, but they always joke about real estate and that it’s unattainable and kindve treat it as a joke which honestly can upset me sometimes. I do have other friends though that I know care about me and what I’m doing but just aren’t interested in real estate which is totally cool. I guess what I’m saying is I might need to cut off certain people not because they don’t have interest in real estate, but because they don’t tend to care about my wins/losses in the same way that I do for them. And I don’t appreciate them blowing off the things I say and making a joke about stuff that they know I’m passionate about. 

Post: Looking to Start Hosting Monthly Local Meet Ups

Thomas O'DonnellPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 231
  • Votes 188

What's up everyone! Recently I have been feeling like there is a lack of real estate meet ups in the Columbus area, or that they fall on certain days that a lot of people cannot attend. Some companies have their meet ups quarterly, so about 4 times a year. I have been thinking about possibly trying to host 1 or 2 meet ups a month for local investors/agents/lenders etc. This way there would be more frequent opportunities for people to network, especially if they can't make it on one of the days and don't want to wait too long for another meet up. I am a first time investor (own a duplex), but I'm hoping to create a space for everyone from beginners to those who are super experienced and successful to network and share ideas. I am not sure how I plan on setting this up yet, but I am looking for some input from all of you in the area who might be interested in having more opportunities. Please leave a comment if you have any ideas, tips or if you are someone who would be interested in something like this. If I see that people are interested in something more routine like this, I will try working on getting this set up. Thanks to all, and happy investing!

Post: How to Deal With a Mindset Shift Different From Those Around You

Thomas O'DonnellPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 231
  • Votes 188
Quote from @Ashley Cross:

I went through something similar. I was born in New York and lived in the state of Delaware for a good portion of my life so the mindset that I’m at now living in Ohio is totally different. You should try to go to real estate meet ups and when you get to a place that you can go to BPcon or any other real estate conference, go! If you’re interested you can come to a meet up that’s at my office, hosted by another investor colleague of mine. I met the majority of the people I hang out with and talk to everyday there. 


 Awesome! Where are your meet ups usually located and when? 

Post: How to Deal With a Mindset Shift Different From Those Around You

Thomas O'DonnellPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 231
  • Votes 188
Quote from @Dominick Johnson:

I think this has a lot to do with your age demographic. Most people in your Generation Z are scared to make big decisions, even delaying getting their drivers license. I would not recommend cutting ties with your existing friends just because they aren't into real estate investing, unless they are negative influences. I would suggest joining a local REI group and continue talking about your passion with everyone you meet. You might just be the person to influence your friends into having a mind shift of their own some day.


Unfortunately, most of them have bad habits and I do not see 95% of them ever making a change. I am pretty much the odd one out. I feel that we no longer relate on anything therefore making it hard to even have conversations sometimes. But yes I do need to look for some REI groups or maybe trying to host my own meetups out here just so people can get connected and network.

Post: How to Deal With a Mindset Shift Different From Those Around You

Thomas O'DonnellPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 231
  • Votes 188

Before I bought my first property 2 months ago, I spent a year and a half educating myself on real estate through books/podcasts/Biggerpockets. During this time I managed to save up a good chunk of change (about $15k) from working a lot of OT and moving back in with my parents. Once I felt ready, I packed up everything I owned and my 2 cats and drove across the country to Columbus, Ohio to begin my investing journey (July 2022). 

I found that during the time I spent learning about how to obtain financial freedom through real estate, I began growing apart from a majority of my friends who I had grown up around and always hung out with. I started realizing that I was constantly trying to better my knowledge, life and just the path I was on while they were stuck doing the same thing day in and day out with no aspirations to create a better future for themselves or their family. After having this mindset shift for about 2 years now, I still talk to all my same friends but we don't really relate on anything, and whenever I've tried to teach them things or give them recommendations to better their financial situations/future, they kind of blow me off or think I am being cocky when I talk about the things I am accomplishing. 

Since moving to Columbus, I haven't really made many friends and when I try to, we just don't really have much in common. I guess my questions are: How do you deal with a mindset shift when no one around you is on the same page? Would it be crappy of me to kind of start cutting ties with people who have been "friends" for over a decade just because we never have things in common and can never talk about my passions with them? How do you find new friends when you just moved across the country and don't know anybody? 

I really want to surround myself with like-minded people who also love real estate, or are just about growing in general. I would love to make friends or connections with those who are very similar to myself. I don't ever want to get complacent and I feel like everyone around me at the moment is. I'm sure I am not the only one dealing with this struggle, so all input and/or advice would be awesome as I am sure many of us could benefit from it. Thanks!

Post: Marketing My Rental, Need Some Advice

Thomas O'DonnellPosted
  • Rental Property Investor
  • Columbus, OH
  • Posts 231
  • Votes 188
Quote from @Zackary C Dunn:

Where are you advertising at?


 FB Marketplace, Zillow, Trulia, Zumper etc. I have Avail so it lists it to multiple sites for me.