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All Forum Posts by: Jason James

Jason James has started 5 posts and replied 112 times.

Post: Whats is everyone's opinion on paying 100% cash for properties

Jason James
Pro Member
Posted
  • Rental Property Investor
  • Hillsboro, OR
  • Posts 117
  • Votes 64

@Kishun Barker If there's a significant benefit (getting property at a heavily discounted price) then it definitely makes since, and you still have the ability to refi or put a Heloc on it later .It  still  a personal preference though as to what your  risk tolerance and viewpoint on leveraged debt. Good luck man!!!!

Post: Out of State Rentals

Jason James
Pro Member
Posted
  • Rental Property Investor
  • Hillsboro, OR
  • Posts 117
  • Votes 64

@KC Conti I used Roofstock to purchase my first property. It has many pros and cons with the most obvious one being simplicity . The advice I would give you is to run your own analysis based on your criteria and goals. Roofstock provides in depth analysis with documents for each property, but do your due diligence. Some projections are built off market rent, and not actual rent which can greatly impact the ROI on the property. They will send you "vetted" / " suggested" lenders and Property Managers but you don't have to use them. You have an advantage because your on Bigger Pockets and can network with people to find top quality people to add to your team in the State you decide to invest in. I learned the hard way by using one of the 3 Property Managers they suggested without properly interviewing them. It was a great lesson learned, and is what actually led me to Bigger pockets. Good luck beginning your journey!!

Post: Seeking advice on potential duplex purchase

Jason James
Pro Member
Posted
  • Rental Property Investor
  • Hillsboro, OR
  • Posts 117
  • Votes 64

@Fred Watson Yes, you can look into hard money lender. Many lend up to 75% ARV, which would be 31500 if the deal met they requirements / criteria. You can find a tom under the BP Hard Money lending section.

Post: Advice on first investment property.

Jason James
Pro Member
Posted
  • Rental Property Investor
  • Hillsboro, OR
  • Posts 117
  • Votes 64

@Philip Wilson the House Hack would be my choice. With the ability to get in for 3.5% FHA loan and learn as you build capital for your next move. Its a win-win!! good Luck.

Post: Seeking advice on potential duplex purchase

Jason James
Pro Member
Posted
  • Rental Property Investor
  • Hillsboro, OR
  • Posts 117
  • Votes 64

@Fred Watson So purchase price will be 19K and rehab 20K. Then ARV of 42K? So you'll be all in for 39K?

Post: New investor interested in out of state RE. Any advice?

Jason James
Pro Member
Posted
  • Rental Property Investor
  • Hillsboro, OR
  • Posts 117
  • Votes 64

@Issac Chang  Do exactly what @Nick Troutman stated. Read the Long Distance Real Estate investing book. That will be your foundation, and help guide you on your nexts steps.

Post: Are you receiving rents since lockdown?

Jason James
Pro Member
Posted
  • Rental Property Investor
  • Hillsboro, OR
  • Posts 117
  • Votes 64

All rents have been at 100% last 2 months. March one tenant paid late (in Detroit) but since then has been making up the payment. Things seem to be back on track.

Post: Realtor Refuses to Initiate Purchase

Jason James
Pro Member
Posted
  • Rental Property Investor
  • Hillsboro, OR
  • Posts 117
  • Votes 64

@Adah N. Find an agent that is aligned with your goals. Obliviously this one is not, or they don't understand your strategy. You stated their not investor friendly which is a big red flag, if your goal is to BRRRR.

Post: Famous Four Analysis (January 2013-2020)

Jason James
Pro Member
Posted
  • Rental Property Investor
  • Hillsboro, OR
  • Posts 117
  • Votes 64

@Cedrick Mahieux thank for compiling the info and most importantly sharing. Personally I use the famous four suggestions for  my reading and book selection. Thanks again man. It's greatly appreciated.

Post: VICTORY! I finally did it

Jason James
Pro Member
Posted
  • Rental Property Investor
  • Hillsboro, OR
  • Posts 117
  • Votes 64

@Nicholas Sheridan, Jr. Congrats man!! Nice to see to you break thru the analysis paralysis!!!