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All Forum Posts by: Jay J.

Jay J. has started 13 posts and replied 340 times.

Post: Let me help you!

Jay J.Posted
  • ., OH
  • Posts 361
  • Votes 127

Hey @Natalia Latsios !

..just my 2 cents, but why put the contingency, "a seasoned real estate investor who gets the majority of their income from investing"..?  

I mean, you're basically asking someone, who presumably already has a 'system' working for them to share it with you..  for nothing. (What can you offer the investor to make the deal more equitable for them?)  I understand you want to 'learn' from someone who 'knows' the business, but why not work directly with other wholesalers? (your profile says wholesaler, that's why I said that)

An individual investor (established or not) would more than likely go about their investing differently than a wholesaler..  ya know..??

So, that's totally more than 2 cents, but hopefully it makes sense to you..

Post: New Investor

Jay J.Posted
  • ., OH
  • Posts 361
  • Votes 127

Welcome @Derwin Ryant. You have already set yourself up for further 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 here --> http://www.biggerpockets.com/starthere   ..considering your already in the "biz", most of it should be basic to you..

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/...

Post: FHA mortgages for duplexes

Jay J.Posted
  • ., OH
  • Posts 361
  • Votes 127

@Shannon Cannon  ...I just wanted to say, that if that's your real name.. Its awesome.  :-)

Post: Newbie - Cincinnati, OH

Jay J.Posted
  • ., OH
  • Posts 361
  • Votes 127

@Morne Smart I sent you a message in a colleague request !!

Post: Newbie - Cincinnati, OH

Jay J.Posted
  • ., OH
  • Posts 361
  • Votes 127

Welcome @Morne Smart! 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!

What do you plan on doing with the property? Do you want to just sell it and be done? Let us know, I'm sure people here can lend some assistance!!

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/...

Post: HARD MONEY LENDERS

Jay J.Posted
  • ., OH
  • Posts 361
  • Votes 127

Good Info @Andrew Michael !!

Post: HARD MONEY LENDERS

Jay J.Posted
  • ., OH
  • Posts 361
  • Votes 127

@Daniel Elijah Richardson 

..yes, some (maybe most??) would require you to have some "skin in the game", ie. a down payment.. also, they might charge points upfront..

The biggest complaint I've seen (on BP at least) is that HM lenders won't 'approve' the house you're wanting to buy, and it ends up costing you an 'appraisal fee' or something..

My biggest advice when looking for HM Lenders is DO YOUR HOMEWORK !!  Get references & talk to people that have used the lender your talking to..  (and when you think its done, just like in school, double check it..  there are, unfortunately, people trying to screw others over..)

Hope that helps!

Post: Time to Take Action!

Jay J.Posted
  • ., OH
  • Posts 361
  • Votes 127

Welcome @Trisa Summers!!  Its sounds like you're ready to hit the ground running !! 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!!

Post: Jessica from Ohio

Jay J.Posted
  • ., OH
  • Posts 361
  • Votes 127

Welcome to BP @Jessica Johnson & @Steve Horsley. 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 Cincinnati people here!  I'm from the East side too Steve!  I'd love to get together and talk about how we could work together!!  Send me a message!!

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!!

Post: 1031 questions

Jay J.Posted
  • ., OH
  • Posts 361
  • Votes 127

Hey @Andre Alonzo !  Unfortunately, I'm no help with your 1031 question, but check out the 1031 forum..  your question (or close to it) may have already been answered!

Link to 1031 forum --> https://www.biggerpockets.com/forums/104-1-31-exch...

Good Luck!!