All Forum Posts by: Jay Lohn

@Todd English

Welcome to BP!  The market it hot but like the old saying goes you have to go fishing everyday if you expect to catch some fish.

@Amy Ranae

I would be the first one to always suggest looking at the power of leveraging money to acquire appreciating assets, that others pay for while giving you cash flow to increase standard of living or pay off debt. Except when it comes to student loans, it is the only debt that will follow you for the rest of your life even if you had an unfortunate turn of events and had to file bankruptcy those debts don't go away.  My two cents would be as painful as it is, payoff that debt ASAP build up some reserves and go after some rental, flip, wholesale properties.  Even when you get these assets you will need reserves for operating capital and since you don't have any more student loan payments you will be sitting pretty.

Nice work!

@Nick Mauren

It seems like you are on a good track and would have to totally agree with @Account Closed, that you should take advantage of HUD homes in the market. Very affordable to buy and gives you a leg up on regular investors as they can't buy during the first look period for owner occupants.

@Eric Bate

I would recommend going the house hacking route as you will eventually have a higher net worth asset, two places to rent and not be stuck with a roommate from Craig's list that you don't like.

@Alexander Lang

Welcome to BP, you have found the right place for a wealth of knowledge when you are first starting out.

@Kevin Olinger welcome to BP!

@Eric Bate I would really do analysis before I would think about buying in North, especially if you are planning on long term buy and holds.  Although it can be appealing to chase lower price points when you are first getting started, you are going to get want you pay for with old structures and problem tenants.  I would suggest looking at first ring suburbs were taxes are lower than in the city, which will increase your buying power while maintaining the same cash flow numbers.

Feel free to send me a message and ask me any questions you have?

@Christian Benitez

Welcome to BP, you have found a good resource for education.  As far as a local association you will want to join MNREIA (Minnesota real estate investors association) this will give yo a wealth of knowledge and monthly meeting to learn/network.

@Ben Kyes

Welcome to BP, let me know if I can answer any questions for you?  Here's to your investing success.