All Forum Posts by: Jay King

1. You are competing with emotionally driven buys of primary residences. They will pay high prices to meet needs that are not income producing - they are shopping for a different product that is provided from the same stock that our income properties come from.

2. having deep enough knowledge of the neighborhoods to allow us to recognize a good deal takes a lot of time. Without investing time into research and understanding a neighborhood, REI can be a bit of a gamble.

1000%

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Quote from @Chris Seveney:

Quote from @Spencer Speckles:

@Chris Seveney complete stupidity? I know quite a few people who invest in $1M properties, myself included. I’m not sure that they are all completely stupid.

I also invest in $1M properties but if I was 65 years old and only have $1M to my name, I would not put it in just 1 property. That is what I was referring too, this specific case study.

What are your thoughts on Self storage Properties?

https://www.biggerpockets.com/forums/517/topics/1175203-look...

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BRAND NEW (opened Jan 1) self storage facility 5.6 Acre un-zoned property on Hwy 281, minutes from Burnet City. Features
508.19 feet of Hwy frontage. This storage facility, already constructed, contains 27400 NRSF ($64.93 per foot of rentable
space) This property is nestled in the Hill Country, right next to the Lower Colorado Four Lakes River System. The area is a
hub for fishing, boating, and other outdoor recreation while contending with a shortage of storage for all the equipment.

Burnet Storage HWY 281

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Its only a matter of time before the do. Marth 11th 2024 new laws that effect banking and deposits go into effect. I expect these loopholes to disappear. Better for the bank to Foreclose right off the neg am and cash out at auction then suffer through 30 yrs of 2-3% while they are paying 5-6% to borrow.

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When it forecloses.

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Lone mountain Ranch 10 acres $79K < Click here to view listing

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Waco, Texas

Buy low sell high. Low carrying cost low tax ag exempt equestrian land. $9.95- a year property tax.

Wolf Creek Ranch 6 AG acres Homesite ,Click to view property

Equestrian center, hiking and riding trails, a creek side pavilion, a swimming hole, a helicopter landing pad and private access to Lake Buchanan

45 minutes to Austin TX

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Austin, Texas

Amazing, breathtaking home.

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Typically a trust is a vehicle to shield assets. Imagine a car, you can place assets in the trunk passengers in the car and trustee chosen by the trustor is driving or "executing" the trust. In most cases the executer of a will is the trustee. Never trust an attorney you have not paid for yourself neither should your neighbor. She should consult her own attorney for her brothers lawyer has a fiduciary responsibility to him NOT her.

1 Vote

Quote from @Eli Cohen:

Hi Everyone,

I am a tax lien investor buying tax liens from various different municipalities in NJ OTC. We have purchased over $5m in the last year using private equity we raised. Is there anyway to possibly finance the purchase of tax liens instead of having to raise the money from investors?!?

Please share any ideas or leads .

Thank you

#Taxliens #loans #Taxdeeds

Debt supersedes investors in insolvency issues. Your doing it right.

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All Forum Posts by: Jay King

Jay King has started 8 posts and replied 25 times.

Post: Deal Finding - what makes it so hard?

Post: What to do with $1,000,000.00?

Post: Looking for Self Storage Investors

Post: Due On Sale Clause About to Become More Common?

Post: When would you buy a property with a negative cashflow?

Post: High upside ultra low carrying cost, welcome to Waco

Post: Ranch life Dream home sit 45 minutes from Austin

Post: Check out this property!

Post: Purchasing off market via executor of the will - Ran into roadblock.. - Path forward?

Post: Financing options for purchasing Tax Lien Certificates