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All Forum Posts by: Jay Y.

Jay Y. has started 5 posts and replied 146 times.

Post: Newbie from Bay area - Northern California

Jay Y.Posted
  • Investor
  • Santa Clara , CA
  • Posts 155
  • Votes 144

@Susan Gong Welcome to BP! There is a South Bay meetup we are holding this Friday, if you are interested, please come out and join us :)

Post: San Francisco Meetup - Thursday 6/19/14

Jay Y.Posted
  • Investor
  • Santa Clara , CA
  • Posts 155
  • Votes 144

@Johnson H. Thanks for the invite! I'll try and make it out to this, although weekdays are kind of tough since I get off work late. In any case, hope you all have a great meet up!

Post: I’m so excited! I quit my day job today to do REI full time!

Jay Y.Posted
  • Investor
  • Santa Clara , CA
  • Posts 155
  • Votes 144

@Brie Schmidt Congrats and what an inspiration! Hopefully I'll be able to do the same  and join in your footsteps someday soon :)

Post: Indianapolis property location -- Good or bad?

Jay Y.Posted
  • Investor
  • Santa Clara , CA
  • Posts 155
  • Votes 144

@Cary Trusty @Ben G. @Shawn Holsapple 

Thanks for the feedback! I'll leave the negotiating and price up to my friend :)

Post: Indianapolis property location -- Good or bad?

Jay Y.Posted
  • Investor
  • Santa Clara , CA
  • Posts 155
  • Votes 144

@Derek Young Thank you! Appreciate the insights!

Post: Indianapolis property location -- Good or bad?

Jay Y.Posted
  • Investor
  • Santa Clara , CA
  • Posts 155
  • Votes 144

My good buddy is considering purchasing some rental properties in Indianapolis and wanted to get some feedback on the locations from insiders who know the Indy market well.

The first one is on Cork Bend Dr (46239) and the second one is located on Clarkson Dr (46254).

He will probably make a flight out there to check things out for himself, but wants to know upfront if these areas are suitable for investing in. In other words, he wants to avoid warzones and wants to make sure he's investing in areas where it's easy to locate good tenants.

Any feedback is much appreciated! Thanks BP!

Post: New Investor from San Francisco, California

Jay Y.Posted
  • Investor
  • Santa Clara , CA
  • Posts 155
  • Votes 144

@Christopher S. Welcome from another Bay Area investor who's also focused on getting to FI! Feel free to reach out if you have any questions or want to connect with a local.

Post: A reflection on my 20s...

Jay Y.Posted
  • Investor
  • Santa Clara , CA
  • Posts 155
  • Votes 144

@Kimberly T. Congrats on all the early success in life! I turn 30 later this year, and I'm probably going to do my own reflecting back as that day gets closer...

Aren't you so glad you discovered and started REI in your 20's? Hope you have even more success in your 30's!

Post: 20 Things the Rich Do Every Day

Jay Y.Posted
  • Investor
  • Santa Clara , CA
  • Posts 155
  • Votes 144

Some of these are so subjective that it's hard to take them seriously...

16. 74% of wealthy teach good daily success habits to their children vs. 1% of poor.

What exactly is a good daily success habit? This implies that poor people teach their kids bad daily success habits...

18. 76% of wealthy believe bad habits create detrimental luck vs. 9% of poor.

Really? 91% of poor people believe that bad habits create good luck then? Just b/c you are poor does not mean you are so out of touch with reality, does it?

19. 86% of wealthy believe in lifelong educational self-improvement vs. 5% of poor.

This is kind of insulting... I grew up poor... really, poor. My parents couldn't provide me with all the opportunities in the world that the rich kids had, but they did preach the importance of working hard and having goals. They desperately did not want me to grow up and have to face the same type of struggles that they faced. Believe it or not, poor people do push education and learning to their kids!

Post: SFH, 2-4 units, or 5+ Multifamily - WHY do you choose one?

Jay Y.Posted
  • Investor
  • Santa Clara , CA
  • Posts 155
  • Votes 144

@J. Martin props to you sir! Love how you have the whole work/life balance thing figured out as well.