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All Forum Posts by: Jay Lohn

Jay Lohn has started 7 posts and replied 159 times.

Post: Dinner and a Mentor in Minneapolis

Jay Lohn
Posted
  • Real Estate Agent & Investor
  • Champlin, MN
  • Posts 179
  • Votes 43

@Munira Hassan

Welcome to BP, feel free to send me a message anytime and I would happy to answer any questions you have.

Post: New member from Minnesota

Jay Lohn
Posted
  • Real Estate Agent & Investor
  • Champlin, MN
  • Posts 179
  • Votes 43

@rob grove

Welcome to bp, mnreia will be a good bet to teach you the basics on wholesaling and how to get started.

Post: New Investor: Twin Cities aka Minneapolis & St. Paul MN

Jay Lohn
Posted
  • Real Estate Agent & Investor
  • Champlin, MN
  • Posts 179
  • Votes 43

I know when I was getting started with my real estate investment LLC, I had to buy the properties in my personal name and then later quit claim deed them into my LLC. I can point you toward financing options and attorneys if you want to send me a personal message.

Jay

Post: Rental property owner in Minneapolis area

Jay Lohn
Posted
  • Real Estate Agent & Investor
  • Champlin, MN
  • Posts 179
  • Votes 43

Welcome to BP!

Post: The right place to start

Jay Lohn
Posted
  • Real Estate Agent & Investor
  • Champlin, MN
  • Posts 179
  • Votes 43

@Tyler Nelson

Welcome to BP, send me a private message and I can point you in the right direction for financing.

Jay

Post: Putting Together First Investment Property Using Home Equity Line of Credit

Jay Lohn
Posted
  • Real Estate Agent & Investor
  • Champlin, MN
  • Posts 179
  • Votes 43

That is who I was going to recommend to you, Talk to Sean over there and he will take good care of you.

Post: Putting Together First Investment Property Using Home Equity Line of Credit

Jay Lohn
Posted
  • Real Estate Agent & Investor
  • Champlin, MN
  • Posts 179
  • Votes 43

@Matt J.

You can use a hard money lender on a distressed property were they will loan you 70% of the ARV (after renovation value), fix it up as Laura mentioned and then use one of their affiliates that has a product that is direct to Fannie Mae to finance it back out.

It is a great way to do deals with hardly any or none of your own money depending on the deal.

Post: 2nd, 3rd, 4th, and possibly 5th deals after deal 1 success

Jay Lohn
Posted
  • Real Estate Agent & Investor
  • Champlin, MN
  • Posts 179
  • Votes 43

@David Kosiorek

Congrats, way to make the plunge and dive right in.  Happy hunting for your next deals.

Post: Any advice for a newbie?

Jay Lohn
Posted
  • Real Estate Agent & Investor
  • Champlin, MN
  • Posts 179
  • Votes 43

@Dillon Blesi

Welcome to BP, I am local to your area and would be happy to answer any of your questions.

Regards,

Jay

Post: Total newbie from Blaine Minnesota (suburb of Minneapolis)

Jay Lohn
Posted
  • Real Estate Agent & Investor
  • Champlin, MN
  • Posts 179
  • Votes 43

@Steve Bauer

Welcome to bp I live in your area let me know if I can help you with any questions?