All Forum Posts by: Jarod Forsha

Hello out there!

I've lived in my primary residence in Reynoldsburg, OH since 2015, house is almost paid off (just a few grand left). Looking to put the equity (guessing at least $300K, we've replaced most everything in our house at this point) to work and get an actual investment property. 

Since the start of the year, I've read a handful of BP books:
- Rental Property Investing (Brandon Turner)
- How to Invest in Real Estate (Brandon Turner/Josh Dorkin)
- Investing in Real Estate with No (and Low) Money Down (Brandon Turner)
- BRRRR (David Greene)
- Multifamily Millionaire Volume 1 (Brandon Turner/Brian Murray)
- Start with Strategy (Dave Meyer), currently reading

I was thinking of using the equity to BRRRR small multifamily properties and combine some concepts from both the BRRRR and Multifamily Millionaire books (specifically making cash offers via HELOC to secure distressed properties, ideally vacant to set market rents). I've got the capital and some knowledge, but not a lot of time. I'm working with some local brokers to find off market deals to aid in the time aspect.

My wife and I have an 18 month old and another joining us in a couple months. Ultimately, my goal is to not have my wife and I work a typical job until we're 65.

Does this strategy make sense? Is there something else I should be considering? I've heard multiple people on the podcast say to just jump in, but I want to make sure my idea is sound before making any moves.

Thanks in advance for your time and consideration.

Happy Friday! 

A quick background on me. In 2015, I purchased a single family home in Reynoldsburg, OH, that will be paid off in October. I'm looking to put my equity to work. I'm thinking for my first investment property that another single family home or small multi family would be a good first step. My home has had most if not all things replaced at this point, so I'm leaning BRRRR as I have equity (HELOC) and have worked with contractors on various types of projects before.

Since the start of this year, I've put a lot of time and effort into my financial and real estate education through the BiggerPockets podcast and a handful of books (a few BP books, I Will Teach You To Be Rich, The Richest Man In Babylon, and Rich Dad, Poor Dad). My goal is to put what I've learned into practice and become a real estate investor. I'm looking forward to taking the next steps and assembling my team of real estate Avengers.

I'm specifically looking for mentors, real estate agents, lenders, contractors/handymen, bookkeepers, CPAs, lawyers, insurance agents, and property managers. I'd love to connect and learn more about your experiences and how we could potentially partner in the future.

Drop a comment or send a message - looking forward to hearing from you all. If you aren't personally involved in any of the above roles, please still say hello or feel free to share your referrals/tips if you have them.

Thanks a bunch, have a great weekend!