All Forum Posts by: Jonathan Roach

Thanks.  Direct deposit solves a lot of problems

Thanks for the info guys.  

@Kevin Hunter, I read on the TSP site that it takes 8-13 business days for them to send you a physical check. It looks like you said it was 5 days. Was that from hitting submit to receiving a check in the mail?

@David Zeek, same question.  How long did it take from submitting your application to getting the money?

The reason I ask is that I am stationed overseas and the check would be mailed to my parent's house since that is the address TSP has for me. Then they would have to mail it to me which is roughly another two weeks. I agree with Kevin with not wanting the money to sit but I don't know if I have a choice.

I've been researching the details of taking a loan from my TSP to fund a BRRRR deal. It seems like a bulletproof strategy since I can pay the loan off within a few months if all goes well and the interest rate is embarrassingly low.

Has anyone else tried this or given it any thought?

I'm new to the Columbus area and I am looking for property management.  I am working in multi-family properties in neighborhoods C and up.  Please let me know if you can provide or make a recommendation.  Thanks!

Hi All,

I'm in the process of making an offer for my first property in Columbus, OH, and now its time to find an inspector.  I've found a few via the standard Google search but I would also like to cross that with the BP community.  Please let me know if you have a good one that you're willing to share and what your experience was like.  Thanks!

@Matt Bucklaew. Thanks for the input! That’s a good list of question to keep my efforts focused in the right areas.

I’d like invest in the Dayton Ohio area because I am comfortable with the area. After some my initial assessments the numbers look promising but you bring up a good point with the fact that the numbers are what matters most in the end.

As for paying rent, it seems the area hasn’t been hit too hard by the virus and my personal contacts there aren’t struggling for jobs. That being said, it would probably be better having that conversation with an agent or other local investors. It’s time to start seeking those out.

Thankfully, we are in a good financial situation and we have good job security working as active duty military. I’d imagine that as long as we don’t stretch the budget to make the deal, we will have a good cushion to deal with COVID and other surprises.

Right now I believe my focus needs to be on building my local team, specifically agents and property managers, while continuing to strengthen my educational foundation.

Thanks again for the input. I’ll let you know how things end up!

@Michael Henry Thanks for the pointer!  I've been debating on how soon I should start looking for and comparing Property Management companies but it looks like it should be sooner rather than later so  I can vet the right one.  

I am looking into the Dayton, Ohio area (Miami Valley area) for no other reason than I am familiar with the area and my family lives there.  I have no issue with investing in an area I have no ties in but I believe in an industry based on the physical property, it would make sense to be able to conveniently (when I visit my family) visit the property to make sure things are on track.  Thoughts?

Ever since the onset of COVID, I have become fiercely interested in personal finance and then specifically in investing in real estate.  I do have one major hurdle, I live overseas (active-duty military).  Not looking to re-invent the wheel, I have seen of few other posts of others who have accomplished this feat.  I would like to see if those have any big pieces of wisdom or pitfalls to avoid as I look to buy a rental property via video chat.  

Currently, I'm looking at small multi-family properties in the same town as my parents in the mid-west, where I grew up. I figure I should still have some connections there and I am more familiar with that market than the other places I've been.  I haven't bought a home before but I'm doing my best to learn as much as I can.  Hopefully, I can make my first deal happen before the end of the year!