All Forum Posts by: Jay J.

@Holly O'Brien, you should do some searches on BP for 'DoHardMoney.com'  and review what others have said about thier experiences..

Is your online store a money maker? Will a bank count it as actual income?  (I asked because you'll eventually need a loan)  

...$40k is a nice down payment (or two)..  depends on how you want to invest in RE.

Welcome to BP @Lane Ewert!! 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!

You already have a leg up on most people here, you have $ saved!!  But, what do you mean by, "We want to get on a track to be doing around 80-100k in about 10 yrs." ..??  Do you want to have returns of 80/100k yr?  or do you want to be investing 80/100k yr??

..either way, $60k is a great place to start! Have you go to any local RE clubs in your area? That would be a good first step. But, while you're thinking about that..

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. 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/...
4. Now you're ready to face the RE world !! GO GET IT!!

Welcome. 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/...
4. Now you're ready to face the RE world !! GO GET IT!!

I would think that there would be a conflict (between lenders) as to who has 'first position' on the property, but I'm not a lender so I'm not really sure.. I guess it would depend on the lenders (banks vs family or friends) too. Depending on the deal you're looking at, maybe a FHA/203(k) loan would work better?

either way, I'm sure a 'lending expert' will chime in and give you a better answer..

I got hit with this same thing back when I joined. 

Simple fix is to only send a few (like 2/3) messages at a time..  then log out, and log back in later (again, a few hours..) and send 2/3 more.. (while changing up the message)

its more time consuming for us (the users of BP), and I'm sure, less annoying for the BP mods !

Welcome @James Taylor  !! 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 good to see local people here on BP!  I'm just down the road in Amelia!!  Hit me up some time!  But in case you need something to read... 

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/...

Depends on your strategy...

Turnkey properties offer a 'simpler' investment, especially when pared with good PM.

Fixer uppers usually offer a better COC return..

.but then again, you can't BRRRRR^10 a turnkey.

..so it all comes down to strategy.

Hmm...  tricky question..

On one hand, you have a profit margin to maintain.  :-/

..on the other, karma pays much bigger dividends and (if it were me) I'd give these people a free three day pass. I mean, they were kicked out / evacuated, probably highly stressed, put in uncomfortable situations..  

cut them a break..  whats 3 days rent anyway..

(and yes, if they aren't 'good' tenants, remove them when you can!)