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All Forum Posts by: Jay Mersfelder

Jay Mersfelder has started 16 posts and replied 79 times.

Post: Frustrated by lack of cash flow properties in our region

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

@James Burrow maybe think about our of state Midwest

Post: Guest screening in STR

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

@Paul S. We're about ready to rent out our first SFH rental.rehabbed whole house doing a Brrrr with it.. We're leaning towards yellow got advertising and to do background check but at same time we'll vet them also

Post: Top 5 Markets for Cash Flow vs Appreciation

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

@Alexandra Feig northern ky and Cincinnati both cash flow good fortunately I live here so know market pretty good.. Just started investing about 18 months ago and hoping to scale this year better

Post: Evicting family member

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

@Caroline Gerardo thanks I appreciate all the advice seems like I've tried most of them already. There's nothing I wouldn't do for him if he's ready and honestly I probably would still help him if I could. Appreciate all the words of wisdom and prayers

Post: Financing question keep w-2 job or start own business

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

@Reid Chauvin wouldn't I have to have L.L.C got then loans?

Post: Evicting family member

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

@Caroline Gerardo thanks we did have eviction hearing and all went well course it was hard concidering brother tried everything to convince judge would rule in his favor but he's out now and haven't seen or herd from him. Really hate things got so toxic between us but learning experience for sure.

Post: Financing question keep w-2 job or start own business

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

@JD Martin yeah I agree made rash decision but going back for sure thinks sometimes just need to hear it from someone esle

Post: Financing question keep w-2 job or start own business

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

I left my w-2 job few weeks ago to start my own business my goal is to scale in real estate currently own 2 properties after my quick descion to leave my w-2 job now my thoughts are wondering if I should go back considering I know having w-2 job makes it so much easier to buy properties. Any advice would be appreciated

Post: Evicting family member

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

About a year ago my brother was falling on hard times I've tried to help him with work too get him back on his feet. But he just seems content living with me with no responsibilities.. After months of telling him he needs to do something I finally had to file for eviction sense he won't leave.. Have court date this week if anyone has knowledge of what might happen please share with me.. This is in Kentucky... Thanks

Post: Northern KY Rental Markets

Jay MersfelderPosted
  • Flipper/Rehabber
  • Covington, KY
  • Posts 81
  • Votes 16

@James Folsom congratulations northern ky good pick... I'm new investor here in Latonia and love the area..There's good areas in Newport and Covington.. It's hard to beat the cash on cash return in these areas.. Just have to know the area. If you have any questions feel free to contact me. Good luck!