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All Forum Posts by: Jay J.

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

Post: New to BP Commercial Investor from Columbus, Ohio

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

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!!

Post: Newbie from SW Ohio

Jay J.Posted
  • ., OH
  • Posts 361
  • Votes 127
Originally posted by @Eric Western:

@Bryan C. We moved to Amelia.

I'm in Amelia too!! ..small town. We should get together and talk REI & IT some time..

Post: Purchasing 4 plex w/ tenants

Jay J.Posted
  • ., OH
  • Posts 361
  • Votes 127
Originally posted by @Junior Correa:

Hello BP,

I just had an offer accepted on a 4 plex which is completely tenant occupied. What are steps or items I need to do during due diligence and the transition process?

I'm in FL if that matter.


Thank You!

 Junior,

 I'd make sure your new tenants sign 'your lease' as soon as possible. I'm not sure of the laws in Fl, but I'd look in to it. You never know what the previous owners might have agreed to. I'm thinking things like lower rent for the tenant that cuts the grass, or maybe different rental due dates.. things like that.

Post: An LLC for an investing educational Website

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

It depends on what the purpose of the site is. I mean, if it's just a blog then no, it's not really l a big deal. 

But if you're doing things like selling items, having users create profiles, things that would make you the 'holder' of your users personal info (especially credit card stuff), I'd get with someone that knows about websites and the legal implications. Even a personal site can be hacked and there for, it's owner potentially liable. 

I've been in the IT industry for almost 20 years, but I'm not an expert on where that liability becomes a 'real' problem. But I would reccomend if you're holding peoples personally identifiable info, get with a professional. Better safe than sorry.

Post: Learning Investing in Cincinnati,Ohio

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

Hey Andrew and welcome to the best real estate website on the internet!!  

Two great places to start are, Ultimate Beginners Guide

and

the BP Podcasts -> http://www.biggerpockets.com/renewsblog/category/p...

Post: Cincinnati Monthly Meetup

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

I attended last night's (Aug 27) meetup, and I can honestly say it was absolutely worth the trip!!  I'm already looking forward to next months!!

Post: Do you track your NET WORTH?

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

I usually do on my left hand, but when I get paid I use my right also.. maybe some toes if I'm lucky.  :-)

But then the bills come in and I'm back to just the left..

j/k

Post: Real Estate vs. Stock Portfolio

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

What about real estate investments like 'Patch of land'..  they seems to offer decent returns. But that's still RE...

(though I have no idea what one must actually go through to 'invest' with them)

Great photo, but I do believe that posting your company image as your profile image is frowned upon. Although, you might be allowed to put in in your signature line..

  I'd double check though.. 

Post: you never know what will happen

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

I remember this story..  (though, not quite as Bob describes..)

http://www.cincinnati.com/story/news/traffic/2014/...