All Forum Posts by: Jay J.

Hey @Account Closed, I sent you a message!!

@Paul Lachaud , I would have to second what @Account Closed said. Cincinnati can be very 'block by clock', so a fourplex, that "should"rent for 4x500 could be in a dumpy area..  hence the $425 current rent.

..that said, there are a ton of 4x425 in C/D neighborhoods..

What area are you talking about..??

Depends on your long term strategy..

Depends on what you're doing with the money you took out..

Depends on what type of loan you just got (15yr vs 30yr)

So, I guess it all depends..  give us some more details..

Hey @Deron Barnes, I'd agree with @Melissa N. on this one..

Queen city is rough, 8th street is too..  not really for the faint of heart.

Welcome to BP @Paul Lachaud !! 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 seeing new Cincinnati Members!!  There are a lot of us!!

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/...

"At some point AI will learn much faster than humans can."  ..programmers programming machines that are smarter than the original programmers.

I think I know Netflix's next TV series!!  :-)

@Gareth Fisher Hey! Thanks for posting this good question!

Here's my take..

1 -> If you're investing for monthly cash flow, this isn't a good idea. Obviously, there isn't much CF. Do the math, how much will it 'slow you down' if you leave 10K in the property?

2 -> People here (on BP) will talk all day about taking every cent of 'their' money out of a property (presumably to put in the next one), but you're right. Doing that changes the numbers and it can make a 'decent' property in to a dud. (another thing to consider is PMI on the loan)

3 -> Taking every cent (or most of..) would leave you extremely leveraged, and that could turn out bad.. (depends.. but you get the idea)

@Chinedu Michael Onuoha ..to Make the @ work do the following:

Hold down the shift key and type the following: @?
Look below this Window, and you will see a list of list of names of people who have posted in this thread. Click on the name of the person that you want notified via an email that you responded to them.

If you are a Colleague with anyone that has not posted in this thread, and you want them to see your post, hold down the shift key, and type the @ and the first 4 letters of the first or last name. Look below this Window, and click on your Colleague's name. They will be notified via an email about your post in this thread.

Hope this helps!!

Welcome to BP @Thomas Barrick! 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/...

"a few days next week if anyone would like to shadow me for a few hours"

..wish someone in Cincinnati would do this..

:-/