All Forum Posts by: Jay Ritchie

I would think that your answer is based on a number of factors.

The first being your investment goal and the time frame to that goal.

Secondly, your question seems to suggest that you may know your answer. 

How long would you hold the "unrented indefinitely" property? Perhaps you could establish a reserve fund to cover 6 months without rent and create an exit strategy for the property that would kick in...

Do the other properties throw enough cash to help cover one of the properties without rent?

How likely is the Black Swan of all three unrented for an indefinite period?

But back to the first item, what is your investment goal and how long do you have to get there?

@Tim White -- Thanks Tim.  I really enjoyed the podcasts - I listened to all the old shows and am waiting for the new ones...

I like @Brandon Turner's BRRR approach and that will likely be the core to my program. I am trying to familiarize myself with other investment activities that can generate quicker/larger cash to help fund the foundation of BRRR...

@Susan Maneck -- Where are VA foreclosures listed? Are they at the HUD homestore?

Wear the proper uniform for the situation. 

If you are new, it helps you feel more confident. 

The human mind uses buckets to process and sort all the information that it takes in. This is an automatic and instantaneous process. 

Why start out in the wrong bucket and have to fight your way out.

Thanks @Janet Voss and @George Lods

Janet, I was born in Oxford and was just up there for the State Science Fair for my oldest daughter. Wow, how Oxford has changed since I lived there...

As I learn more about the market here, I'll be sure to share back what I know.

George, good to meet someone in the area...

Thanks @Susan Maneck

Sounds like you are a little ahead of where I want to be... but I am getting started

We were just up in Jackson last weekend for a soccer tournament. Its funny how every Real Estate sign catches my attention now... :-)

Good afternoon,

I've been lurking here since Feb when I joined. I learned about BiggerPockets on the Lambo Goal podcast with Sean McCabe and Matt Lopez (@MattL7).

I just finished listening to Episode 169 of the Podcast. I am finally caught up with @Joshua Dorkin and @Brandon Turner's stories, jokes, and more importantly excellent, and highly educational podcast, having binge listened to what apparently adds up to 192 hours and 47 minutes (not sure how many cat jokes that represents).  

Thanks @Joshua Dorkin and @Brandon Turner for the effort and commitment involved in producing the podcast. You sound great at 2x by the way.

I consider myself a n00b at Real Estate, although after listening to the podcast, I realize that I have done two live-in fix and flips (long term), purchased a house at the height of the bubble and ended up upside-down, purchased raw land twice, and manage some real estate in a trust. So maybe just a n00b from an investing standpoint.

I am exploring Real Estate investment to supplement income and to generate passive income. The brain dump from the podcast has opened many new avenues and approaches to me, so I am working on processing through them to pick an niche and move forward. I am locating and meeting with local experts to learn what my "Farm" has to offer.

I had some modest goals sketched out as I began this exploration, but now I feel like I need to revisit them to make sure they aren't too small.

I look forward to interacting with folks here and continuing to learn. I look forward to meeting folks that know way more than I do and hope one or two of them will give me crap if I continue to learn too long without pulling the trigger.

So, Hello I am Jay.

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