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All Forum Posts by: Jake S.

Jake S. has started 44 posts and replied 828 times.

Post: Real Estate and Business Books

Jake S.Posted
  • Rental Property Investor
  • Minnesota
  • Posts 863
  • Votes 554

Hey Bria!

  1. Anything by Robert Kiyosaki
  2. Anything by @Brandon Turner :)
  3. Any bigger pockets book
  4. Tax free wealth by tom wheelright
  5. Miracle Mornings
  6. So Good they can't ignore you
  7. Success Principles

Post: Can't get to my equity until later but want to buy now

Jake S.Posted
  • Rental Property Investor
  • Minnesota
  • Posts 863
  • Votes 554

Hey Julie! Why not just refinance that property or get a HELOC against it? How much could you then pull out?

Post: Finding Neighborhoods for Rental Properties

Jake S.Posted
  • Rental Property Investor
  • Minnesota
  • Posts 863
  • Votes 554
For rental properties make sure the zip codes will allow for cash flow

Other things to look at for area identification...

  1. Demographics
  2. Population
  3. Employers in the area
  4. Schools
  5. Crime rate
  6. Job Diversity

Post: Market Research in Minneapolis

Jake S.Posted
  • Rental Property Investor
  • Minnesota
  • Posts 863
  • Votes 554
Hey! A few factors when studying your target market....

  1. Unemployment
  2. Population
  3. Job Diversity
  4. Age Demographic
  5. Employers
  6. Supply and Demand
  7. Education 

Post: Still regret not putting an offer in a great property 5 years ago

Jake S.Posted
  • Rental Property Investor
  • Minnesota
  • Posts 863
  • Votes 554

Definitely was an opportunity, but there are always more opportunities. Hard to come by obviously but they are out there :)

Our group passed on a senior living facility last year when it was worth about $13m due to our capital being tied up at that moment, fast forward to today and it is now cash flowing 15% per year and worth about $20m or so due to the new owners optimizing the property as we likely would have. It was a B class facility and was very well maintained! Kick myself all the time for not pursuing more haha

Post: Introduction to the team

Jake S.Posted
  • Rental Property Investor
  • Minnesota
  • Posts 863
  • Votes 554

Great Stuff Corey!

Post: Looking to learn about real estate

Jake S.Posted
  • Rental Property Investor
  • Minnesota
  • Posts 863
  • Votes 554

Hey Jon! Welcome to BP. Super pumped to hear you are getting started on your journey :)

Post: Moving money out of a mutual fund to invest with

Jake S.Posted
  • Rental Property Investor
  • Minnesota
  • Posts 863
  • Votes 554

@Dominic Licerio Just call/email the brokerage to liquidate your account and you should be good to go from there! It'll take a few days to sell all the shares off

What are you planning to invest in next?! (what type of property)

Post: New member introduction, seasoned investor looking to expand

Jake S.Posted
  • Rental Property Investor
  • Minnesota
  • Posts 863
  • Votes 554

@Nick Lamagna Awesome, I'll checkout the podcasts tonight. I just sent a message to your inbox. I look forward to hearing back from you!!

Post: What's working for investors in or around Nashville, TN?

Jake S.Posted
  • Rental Property Investor
  • Minnesota
  • Posts 863
  • Votes 554

@Shalon Palmer I think the best way would be just to post on here in the Nashville forums and ask for a solid realtor who specializes working with investors. If you get no replies, just repost it a day or two later. 

I did this when I got started, and got referred to a great guy, who is also now a property manager for several of my properties haha