All Forum Posts by: Jason Eyerly

Hello Everyone,

Been away from BiggerPockets awhile. I live in Las Vegas and am looking at getting a home next year, sooner the better, to finally have my first rental. I'd like to get a multifamily and use an FHA (probably down payment assistance depending on what 3.5% or so equals). I know I have to "live" in the home for a certain amount of time. Multis in the midwest seem incredibly affordable and a popular choice, but for career, education, and other reasons I'm not ready to move to Kansas next year. But, knowing the Vegas market, I don't see many privately owned multi family buildings for sale, unless you could purchase an entire condo building. Hoping to get some guidance on what to do here. Thanks!

Hey all, 

No my fiancée and I have been looking to rent a home here in Las Vegas. Unfortunately, 4 years ago we were hit by unexpected sickness that took a great toll on our credit. Because of this, we've been having a hard time finding a place having been rejected 3 times. I'm starting to wonder if we're better off buying a house that we can rent down the road, utilizing an FHA loan. I know that while not recommended we can get away with less down. This wouldn't be entirely too bad for a long term hold anyways. However, one thing I wonder is what credit is required? We don't have any big things like bankruptcy, foreclosure, repossession, etc. Thankful for any input.

Best Regards, 

 Jason E. 

What about investing the money into bonds for the short term? School districts, municipalities, etc.? Or tax liens? I know a bit about tax liens. Pay it off, sit, maybe foreclose. That's the gist, right? Lol.

Why would you buy a non performing second that has negative equity? And why would you buy one that is behind on the first mortgage as well? That seems incredibly... dumb. I'm just as confused as I was to start with. Maybe I'll just save up for an airplane or an RV, geez. I'm not risk averse. Anything with rewards will be risky. Lending Club included. Perhaps I'll just put the money into my TDA account and continue trading options and Forex. We'll see I guess. 

I already have a 401k with employer matching, a Stash account with about a thousand dollars, and plenty of savings. My fiancee and I want to buy an rv and travel, so we don't want to buy a house and be stuck to it. Not to mention we live in Vegas, so I'd be lucky to find anything. I may just dump all of the money into Lending Club. It seems notes are out of reach and will be for a very long time. 

Second!

I'm looking to do non-performing junior lines. Appreciate any help I can get. Thanks in advance! 

Hey Folks, 

I need some help here. I really don't know what to do anymore! I've wanted to invest in real estate for so long now it's not even funny. I live in Las Vegas, I have my sales person license and property manager permit. My fiancee and I have finally removed all negative accounts from our credit and have saved up about $8,000. On recommendation from BP members awhile back, I read Gordon's book "Performance Anxiety". I love the idea but he mentions starting with $50,000! Is it unrealistic to start with my meager $8,000? We want to do something with this money. What if we saved to $20,000? At 23, still in student loan debt and still in school, saving $50,000 doesn't seem like it will be possible for us in the very near term. I don't know what to do. We had considered using the money to start an aircraft management and brokering company, which would also be a big undertaking. I don't know what to do and it's stressing me out! Please help! 

Best Regards, 

Jason Eyerly 

Hey BP,

    The broker I am working on was kind enough to give me a salaried position as a property inspector as well to supplement my income as I build my real estate career. We use appfolio to do our inspections currently, but I find there one photo upload and overall inspection system to be lacking in design, appeal, and functionality. It feels slow and too time consuming for me.

    That being said. I was wondering if anybody could recommend to me what they feel is the best property inspection so far. I've found a few online but have only begun to nibble at the info as I wanted to hear from the BP community first.

    -Jason E. 

Charging for something they do not have sounds like a bad situation from the get go, and surely not one I would want to bring in front of a judge. I would probably unlock the house free this time, and charge next time. I'm sure you can add into your lease from this point forward "may charge a lockout fee not to exceed $25 at landlords discretion on a case by case basis." 

I'm pretty sure you can draft an addendum to the lease as well specifying the new rent and that the property is not to be inhabited by more than one CAT from this point forward, and that all other terms and conditions are subject to the original lease. I would think. I'm not a pro on that. Maybe one will chime in. @Tiger M.