All Forum Posts by: Jay J.

Hey @Travis Elliott !
Check out these options..

Open Office -->http://www.openoffice.org/

Libre Office -->http://www.libreoffice.org/

Either should open excel files, although, sometimes VBA / Macro's don't work.

Thanks @Chris Mason !  That pretty much answers my question!

..unless you have done the 'proper paper work' and its a 50/50 (or something) partnership type thing..

Hello All!

I have a question for all the FHA Expert lenders out there..

My second (freelance) job takes me out of state occasionally. As things improve, I'll be able to do more 'out of state' work, thus I'll be out of state more often and for longer periods of time. Eventually causing me to stay overnight, duhh..

So, at what point does residency become an issue if I have a loan (FHA or VA) that
requires occupancy? At what point does this become a problem? What if I work outta state 4 out of 7 days a week? Is there a limit to the 'time away from the property' before someone (namely the bank) cares?

..and I guess to take this a step further, if you job makes you split time between cities, can you have two FHA / VA loans? (I'm thinking no, but I thought I'd ask..)

Welcome to Be @Jessica Stringfield. You have already set yourself up for success by joining BiggerPockets!! This is really the premier place to start learning about RE and what it can do for you!

1. First things first, learn the basics --> http://www.biggerpockets.com/starthere

2. Then, download the BiggerPockets Ultimate Beginner's Guide and start reading some more!!
The UBG will will walk through many of the key topics of real estate investing. Ask anyone here, its an invaluable resource. --> https://www.biggerpockets.com/real-estate-investin...
3. Once that's done, get to listening to the free BiggerPockets Podcast - A really great podcast with interviews and a ton of great advice. --> https://www.biggerpockets.com/renewsblog/category/...

Welcome to BP @Aubrey Page. You have already set yourself up for success by joining BiggerPockets!! This is really the premier place to start learning about RE and what it can do for you!  Its awesome to see so many new Cincinnati members!

1. First things first, learn the basics --> http://www.biggerpockets.com/starthere

2. Then, download the BiggerPockets Ultimate Beginner's Guide and start reading some more!!
The UBG will will walk through many of the key topics of real estate investing. Ask anyone here, its an invaluable resource. --> https://www.biggerpockets.com/real-estate-investin...
3. Once that's done, get to listening to the free BiggerPockets Podcast - A really great podcast with interviews and a ton of great advice. --> https://www.biggerpockets.com/renewsblog/category/...

Welcome to BP @Daniel Scalfaro. You have already set yourself up for success by joining BiggerPockets!! This is really the premier place to start learning about RE and what it can do for you!

Its great seeing so many new members from Cincinnati. I'm from the east side!

1. First things first, learn the basics --> http://www.biggerpockets.com/starthere

2. Then, download the BiggerPockets Ultimate Beginner's Guide and start reading some more!!
The UBG will will walk through many of the key topics of real estate investing. Ask anyone here, its an invaluable resource. --> https://www.biggerpockets.com/real-estate-investin...
3. Once that's done, get to listening to the free BiggerPockets Podcast - A really great podcast with interviews and a ton of great advice. --> https://www.biggerpockets.com/renewsblog/category/...

Unfortunately, this is a common complaint with that lender.. search the forum and you'll see what I mean.

Good luck in getting a refund!  

@Josiah Mann

Yea, I'm not a huge 'dent guy', but the demographics make sense. Although, there's plenty of countries that are opposite to that trend..  (more of a global economic issue)

..but I think @Jay Hinrichs is right, its all local. Both to where you are and personally as to what you have (own).

I've had this same thought, and I guess what I always come back to is keeping the debt on properties low enough that you can take a 10% drop in rents and still be solvent. Even if your CF drops, its better than going negative..

and I'm not an expert, but..

1. All the 'demographic' talk sounds a lot like Harry Dent. He's been screaming about an 'impending demographic collapse' (think Japan) for years.. (not that I agree or disagree)

2. Cash isn't always king. (its not a bad place to be, but..) Believe it or not, the value of the US dollar could go down. But also, with negative rates (a real possibility) pouring cash in to a savings acct isn't really saving.

3. RE is local, so just because home values in X go down, doesn't mean home values in Y will go down too. To a 'buy & hold' investor, rental rates are arguably more important that home value (property debt not withstanding)

4. If you're really concerned with a sharp market dip, short index funds or use options.