All Forum Posts by: Jay J.

Welcome @Account Closed. 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!

Since you asked (the most asked question ever) how does one get the initial capital to invest in a RE deal. Well, that answer lies within math and yourself. See, first, what do you want to do (you mentioned SFH). Ok, so if you want to buy a SFH, you'll need at least 3 1/2% (FHA) or closer to 20% (conventional) for a down payment.. so for an 'average' $100k house, that mean $3.5 or $20k..

There are several other methods to raise money (side hustle, wholesale, etc..) but you need some to start. The "invest in RE with NO money down" concept is a farce.

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@Kris Quinones. You have already set yourself up for success by joining BiggerPockets!!
This is really the premier place to learn what else RE can do for you!

P.S. Thank you for your service!!  Which branch, btw??

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!!

It depends..  generally cheap though..    like $50/100..

Do you have a hosting plan?  Have you ever dealt with setting up a website??

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

You already seem to have the basics to a good team there, now you just need to fill in the gaps!
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!!

My thought would be if its on the MLS, doesn't that mean there is a realtor representing the seller? What's stopping a potential buyer from seeing it (on the MLS) themselves?

.. I'd wait for other experts (because I am not one) to chime in also.

Hey @Jil Tin !

I can see that others have already given some good advice, so I'll throw my 2 cents out there too..

You said you two are preparing (financially) to retire and I assume you want a chill and relaxing style of retirement, right..?  So why not invest in notes? (I think that was mentioned already)

 I mean, that's as passive as RE gets and you wouldn't have to deal with out-of-state anything.

Hello @Jeff Jarvis !!  Welcome to BP!  I'm new and from Cincinnati also!

Since you're new, learn the basics --> http://www.biggerpockets.com/starthere Then, download the Ultimate Beginner's Guide. They're both pretty easy reads, but the UBG will will walk through many of the key topics of real estate investing.. --> https://www.biggerpockets.com/real-estate-investin...

If you haven't started yet, you should listening to the Podcast... lots of good info here too--> https://www.biggerpockets.com/renewsblog/category/...

Good Luck and reach out !!

Sorry, I re-read the post and I see the $1k is for the leak..  well, that still stinks, but it could be your responsibility..  :/

(As for the mouse poop, where was your dog when all this was happening?!?)

Well, what does the lease say..?  

I mean, I would think if she is planning to take you to court, all these 'demands' would be clearly defined in the lease.

 I'm no expert, but I'd think (since you admit the dog was still learning) you'll be liable for carpet. $3k seems high, but then again, maybe it's really nice carpet.

$1k for paint..?  and you've been there 5 years..  that kinda sucks that she's making you pay that.

Water leak, yup probably your fault. Should have told her..  :/

But again, what's in that legal document you signed....?

@Roy N. @Account Closed 

Let's not get outta hand.. let's just agree that you really just need to be better than the neighbor..

But, as a RE investor, funding a 'free service' to your tenants that you inevitably pay for (time or/and money) is probably not worth it. 

Maybe if your market is really tight, and that is a 'added value' to your property..  tththat could make sense.