All Forum Posts by: Jay Mersfelder

@Jonathan Styer

Well think I've just been overwhelmed with making the wrong decision. I've decided to move on with the deal. Guess first investment property brings lot of unease with all the uncertainties.. thanks for the advice

@Jonathan Styer

Yes working with a realitor

@Nathaniel J Mott

Just not happy with deal don't see anyway to add value and what I'm paying just lot of other better investment property avsilable. Did inspection some issues not available. They're in process of fixing some things now but just would like to back out

Any advice on how to back out of and contract.have a s.f..h under contract what can they do if I back out and is there way to do it with no repercussions

Any advise on best areas to invest in, in northern ky?

@Jody Sperling

Can you tell me more about fundandgrow that you mentioned to me. I just bought a s.f.h to rent wanted a triplex or duplex but none was available at time now like two or three are on market..really like to be able to purchase one and was wondering if that is good option to try

Thanks.

Lot of knowledge being shared appreciate all the wisdom on this topic..think might be best to hold property for while still..

I'm in same situation I bought a house early last year for 40 thousand and put in lot of hours and money now is worth around 130 thousand.. I'm wanting to get into renting properties and was thinking about selling the house but know capital gains can kill profits..hear 1031 exchange can help me to reinvest in better suited renter property. So going to look into that..

I'm in same situation I bought a house early last year for 40 thousand and put in lot of hours and money now is worth around 130 thousand.. I'm wanting to get into renting properties and was thinking about selling the house but know capital gains can kill profits..hear 1031 exchange can help me to reinvest in better suited renter property. So going to look into that..

I've been looking to purchase multi family that needs little work. Have some concerns on values compared to single family homes.. can anyone shade any info on multi family vs s.f.h.. my lender just approved me for laon but said they won't approve it on this one particular multi family but inside needed lot of work. I seem lot of value just not sure which way to go now