Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jason Howell

Jason Howell has started 26 posts and replied 105 times.

Post: Questions to ask Turnkey Providers

Jason HowellPosted
  • Petaluma, CA
  • Posts 106
  • Votes 86

OK I realize this thread is long dead at this point... but @Jay Hinrichs and @Chris Clothier....

Why is rental/maintenance guarantee a bad thing? I'm still learning and I want to understand why its a red flag? Thank you so much!

PS THANK YOU for the awesome questions. About to hop on the phone with a turnkey provider and this is incredibly helpful.

Post: Morris Invest Case Study 2.0

Jason HowellPosted
  • Petaluma, CA
  • Posts 106
  • Votes 86

Dang @Susan Maneck. That is super eye opening, thanks for taking the time to go into so much detail breaking down your history. That scenario totally speaks to the idea behind what @Tyler Jahnke is jumping into, albeit at a distance.

Turnkey is so tempting because of the hands-off aspects. But you say you didn't go that route cause there was too much money lost along the way. I realize not investing locally complicates things. But how does one manage all of that from out of state when they are just starting out? I'd love to know I could pull that off, but I simply don't have the history, the contacts, or the knowledge (though I'm working on that one) to feel confident in my ability to do it without someone holding my hand through it.

Post: Morris Invest Case Study 2.0

Jason HowellPosted
  • Petaluma, CA
  • Posts 106
  • Votes 86

@Diane G. Being in the Bay Area (north of SF in Petaluma), I appreciate your insight on this.

Having said that, the approach that many interested in Morris Invest (thanks to his podcast) are working toward has little to do about making money by appreciation. These properties wouldn't be sold (or at least that's the promise of Morris's approach... I can't speak to how effective or solid that foundation is). The idea is less about "buy a house, let it appreciate, then sell it down the line for a big return" and more about "buy a number of these houses, let tenants pay the individual mortgages down for you and ultimately pay it off, then live off the cash flow on the back end thanks to the portfolio of properties that you now own outright."

Mind you, I am completely green to all of this and purely taking in as much information and education on the topic as I can. Hence why I'm here in the first place.

@Tyler Jahnke REALLY appreciate you being so transparent with this. In my research on turnkey options (and in particular, Morris Invest) I hadn't found much in the way of actual client experience so this is incredibly helpful.

Post: New San Francisco bay area investor wanna-be

Jason HowellPosted
  • Petaluma, CA
  • Posts 106
  • Votes 86

Hey @Mark Nolan @Jackson Carr @Christian Ritter @Joseph M. @Chris Mason @Trexie E.

Thanks for the warm welcome! Everybody talks about how great the BP community is so I'm super happy to eek my way in there to be a part of it. Of course I stand to learn a lot from all of you and that mountain of information is intimidating for a newbie investor, but we're pretty determined to make it happen and I'm trying to act now instead of putting anything off. Get our feet wet so we can start learning by doing. I'm sure that comes with pitfalls and that's part of the game.

I should also clarify: Bay Area investing is outside our scope. It's just too damn expensive around here and we don't have the capital to get that going. I'm definitely narrowing in on out of state investing in less expensive areas... part of why turn key sounds so appealing. Put my money to work but let someone else manage it.

@Christian Ritter: What you have going (I've read some of your other posts) is right up our alley. Would love to chat with you about it sometime. It sounds like our backgrounds and purposes are closely matched. PM'd you. :)

Anyways, thanks for making a guy feel welcome! Back to the rat race (for now....)

Post: New San Francisco bay area investor wanna-be

Jason HowellPosted
  • Petaluma, CA
  • Posts 106
  • Votes 86

Hey all! Super excited to be here. The more I dive into the forums and information of BP, the more addicted I become to this ever growing vision of what my family could enjoy 5-10 years down the line.

My name is Jason Howell and I currently live in Petaluma, California with my wife. We own a home in Petaluma, partially cause Petaluma is awesome. But also cause the bay area is freaking expensive, and we could actually afford to buy here (but hey, it's Sonoma county so WINE EVERYWHERE)… which we did two years ago, and it almost immediately appreciated significantly. So hey, through dumb luck, we did something right.

No real background in real estate (yet) other than owning our home. I work in the tech podcast industry and my wife in fitness. But what we really want more than anything right now is to invest in real estate in a way that allows us to ensure that we have some sort of solid retirement to enjoy when the time is right. We are both in our early 40’s and realizing that 401k simply won’t be cutting it. So we have to take things more into our own hands.

BP podcast and Investing in Real Estate podcasts have lit a nice fire under our butts. Also reading a ton of the usual books to get nice and educated. We’ve begun meeting regularly with some other bay area friends who are also embarking on this journey so at least we have some other minds to tap when needed. But as you would agree, the more the merrier. Especially at this critical starting point stage we are in. We're intrigued but also a bit gun shy cause sometimes you don't know what you don't know, ya know?

Turn key sounds nice to me. To be honest, I’d love to do the work to figure out creative ways to fund the purchase of properties and then let someone else manage them. We both work full time jobs and have two young children (3 and 7 yo girls) so the last thing I need is something that demands all of my off-work hours. A little, sure. But not all of it. But you know, it’s a lot of money. So we want to be sure we’re doing it right.

And eventually, who knows. I could seriously consider transitioning my life towards something more entrepreneurial like this down the line but only when I feel super confident in my ability to parse it, live the language, and strike a balance with my wife as a team in the process. We’re both driven by the idea of creating legacy wealth and passive income to make our lives better in the long run. That is what its all about for us.

Nice to meet you all! I realize this was a wall of text, but hopefully not too much to manage. Looking forward to learning and sharing with you all in the coming months/years.