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All Forum Posts by: Zachary McDonough

Zachary McDonough has started 44 posts and replied 97 times.

Post: Searching For Other Dc Maryland And Virginia Investors

Zachary McDonough
Posted
  • Rental Property Investor
  • Accokeek, MD
  • Posts 106
  • Votes 84
Quote from @Shafi Noss:

I live in the DMV area and focus on lending. 


 what's your specialty?

Post: Searching For Other Dc Maryland And Virginia Investors

Zachary McDonough
Posted
  • Rental Property Investor
  • Accokeek, MD
  • Posts 106
  • Votes 84

hey there! Sounds awesome! Let's get connected. 2025 is moving fast already

Post: Searching For Other Dc Maryland And Virginia Investors

Zachary McDonough
Posted
  • Rental Property Investor
  • Accokeek, MD
  • Posts 106
  • Votes 84

Hey everyone!

2025 is here and now almost 1/12 over...I want to connect with more investors within the DMV.

A quick bio on me:

25 y/o Agent-Investor
Own 20+ units
Strategy: BRRR and seller finance, (only when I need cash) flipping

I got my start back in 2020 when I did my first house hack. The first three deals were small house hacks over 3 years. Ran out of cash. Started partnerships to raise money and scale now to 20+ units.


*first time sharing publicly*

This year I would like to add 4+ more units to my portfolio and purchase 3 flips


If you invest or live in the DMV, please introduce yourself.

Post: How to Chart Your 2025 Success: Goal Setting for Financial Freedom

Zachary McDonough
Posted
  • Rental Property Investor
  • Accokeek, MD
  • Posts 106
  • Votes 84

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This event is designed to give you the tools, strategies, and motivation you need to take control of your financial destiny. Whether you're just starting your journey or looking to level up, you'll leave with a clear roadmap to success. Don't miss this opportunity to chart your course to a brighter, more prosperous future! 🌟

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Post: Probate Best Lead Source

Zachary McDonough
Posted
  • Rental Property Investor
  • Accokeek, MD
  • Posts 106
  • Votes 84
Quote from @Sharon Vornholt:

I would guess that differs depending on where you live. Look in the phone book under circuit courts and you will find a number for probate court. Give them a call and just ask them if the information is published in the newspaper. If not, ask them what their procedure is for getting the names.

Recently when I had a question, I did just that. I called them up. The lady that I spoke with said that they provide that information in printed form because of outstanding debts that the deceased might have. It gives all the creditors a chance to collect the debts owed. She told me that it costs them $20,000-$30,000 per month to print the info in the newspaper, but they are legally required to provide the information to the public. In small towns, you may still actually have to pick up a list at the courthouse.

In my city, the information always comes out on a Friday, on or before the 15th of the month. I can look at the calendar and see exactly what the date will be for each month. For instance, the 15th is actually on Friday this month. (These will be the names for the previous month). Last month the 15th was on a Wednesday so the names came out on Friday the 10th.

I hope this helps.


 Can you share what the content of your letters to the heirs is? What specific words do you say? 

Post: HOW TO SPOT BIG TICKET REPAIRS - Oct 25, 2023 - 6:30-8:30pm

Zachary McDonough
Posted
  • Rental Property Investor
  • Accokeek, MD
  • Posts 106
  • Votes 84

We know shopping for a new house or investment can be hard. EVERYONE WANTS TO FIND A DEAL! However, identifying renovation costs is NEED-TO-KNOW if you’re going to buy right. *it’s been a while* Our next meet-up is on that very topic: spotting big-ticket repairs.

Post: Living in the Entrepreneurial Matrix

Zachary McDonough
Posted
  • Rental Property Investor
  • Accokeek, MD
  • Posts 106
  • Votes 84
Quote from @Abel Curiel:

Keep crushing it @Zachary McDonough and thanks for sharing!

I've been using the best self journal for a few years which has a 'gratitude' section right beneath the date. This helps me begin my day the same way.

What do you use? 

I use a classic blank leather notebook (with lines for journaling)!

Post: Living in the Entrepreneurial Matrix

Zachary McDonough
Posted
  • Rental Property Investor
  • Accokeek, MD
  • Posts 106
  • Votes 84

Do you choose the red or blue pill? No, I am not talking about politics. For those who haven't seen "The Matrix," the two pills represent two choices of reality. The red pill yields an understanding of the unsettling reality and life-changing truth hidden behind the illusion of the Matrix. The blue pill creates a contented experience of ordinary reality. In the world of entrepreneurship, the choice between the red and blue pills is a daily occurrence. The red pill entrepreneur is constantly uncomfortable, curious, and striving for their future self. The blue pill worker (9-5 job) does not typically deal with that; steady income, a structured work schedule, and known outcomes put the mind at ease. What other options exist? With a 9-5, someone can exist in the present, enjoy family, focus on other balanced activities, etc. Entrepreneurs, instead, thrive in the future, dreaming of what is to come. However, when they reach their desired outcome, they've already shifted their focus to larger outcomes. Therefore, they are ALWAYS existing in the future.

Can we take both pills? Can we remember our past, be content, while striving for a greater future? I think so. Whether you are an entrepreneur or not, you started reading this because of the title (or maybe you're my good friend who read this because of me). Either way, you intend to create opportunities for financial, spiritual, physical, and intellectual growth. With growth, we experience this seemingly continuous gap between our current existence and our desired destination. Dan Sullivan, a well-known entrepreneur and founder of Strategic Coach, calls this "The GAP". We exist in the gap as we set goals, reach them, and reset them over and over, being in a constant state of strife and struggle. It's good for us until it's not.

So how do we solve this? How do we avoid "burnout," throw in the towel, and decide we're not lucky? Two words. BE GRATEFUL. Gratitude is the vehicle that will push us through the highs and lows of wealth, mental, physical, and spiritual growth. Had a tough day? Be grateful. What went well?

Finding positives in a negative situation is easier said than done. However, there's so much upside in living when you realize you were gifted in life and have an extreme purpose.

So what now? How do I discipline myself to practice gratitude?

Go to Amazon, Walmart, Target, or wherever you shop, and buy a notebook. Each day, write down 3 things you are grateful for. It doesn't have to have happened that day or week, but it's important to daily list things that you are grateful for. I personally recommend doing this in the morning. It's a great way to start your day, but I am also biased since I do it in the morning and am a morning person. Do it every day for 21 days, and it will become a habit.

I've been doing it for 2-3 years now, and it's a game-changer. In the last three years, I've bought 9 houses, built a successful real estate agent business, started my own meetup, and built a huge network of like-minded people working towards big things. This habit has been a main contributor to having extreme clarity. Start now, you won't regret it.

Post: Is home staging worth it?

Zachary McDonough
Posted
  • Rental Property Investor
  • Accokeek, MD
  • Posts 106
  • Votes 84
Quote from @Irene Nash:

Good staging is absolutely worth it, no matter what market you're in. Saying staging is only for slow markets is like saying you can 'get away with not doing it' in a hot market. Yes the home may sell fast even without staging if it's a hot market, but *good* staging (not crap, old fashioned staging or over-staging that hides the house and makes it look cluttered) always increases the market value, so why should we only strive for that in a slow market?

Case in point, I'm going to attach a before and after example from my real estate website, I would post the link to the page that contains all the other before and afters but pretty sure that is against terms of service. 

RE pricing, if you wait for offers (offer review date, unless that would be weird for your market area) then you give the market a chance to correct the price point if you list it too low. There's no way to tell from the price range of other homes if your proposed list price is at the property's actual market value.

Sample before and after below is the same room. Second photo was staged by me and my husband and professionally photographed. The difference is not just for people with no imagination, one photo clearly shows more value to online viewers and the same staging makes the property present far better (aka higher value) in person as well.


 Second this as a realtor too. Good staging makes a huge difference. Data supports home staging as well.

Post: Best Tools for area check (for foregin investor)

Zachary McDonough
Posted
  • Rental Property Investor
  • Accokeek, MD
  • Posts 106
  • Votes 84

Agents will be your best bet. 

City data

Local news outlets

Other investors

I would love to hear about where people syndicate their data from for neighborhoods.