All Forum Posts by: Jordan Schneider

Call some local realtors in your area and see if any of them could use an assistant.  You'll be helping them out and they will teach you some real world knowledge. 

Also, Youtube.  Find an area of RE Investing that you want to learn about and absorb as much info as you can.  Bigger Pockets has tools and resources as well.

Maybe even get your Real Estate License just so you have it when the time comes.

Best of luck!

Alex,

Congrats on getting into property investing, especially at your age!  BP is a great tool to find your market.  There are tons of people on here that have great advice, knowledge and wisdom to share.  Not so shameless plug here, but I live in NY and started investing in Kentucky without going there until I picked up my third property and now I work for that company as well (from New York).

You don't need to go to the State you end up deciding to buy in but its always a good idea to link up with a solid management company is going to keep you in the loop as to whats going on with your property and have your interest in mind.

You should get an LLC and register in the state that the property for tax purposes.

When you find a deal your interested in make sure to use the tools provided by BP to run numbers and make sure that the deal is going to work for you.

Hey Jonathan,

Awesome your looking to get started in real estate investing.  As a fellow New Yorker finding deals here that work is few and far between and that is why I invest and work for a company based out of Lexington, Kentucky.

It's a great market and fast growing and their is still a ton of opportunity for great deals.  In fact I may have a few that would interest you.

@PJ Boxel You have got a ton of great feedback here already.  Trust your gut and work with an agent who you feel is working for you rather than the potential future commission when you resell.  their comps go back 8-10mo.  How far do yours go back? are they similar in area, size, BR, BA etc etc?  Trust your gut and do what you feel is best for you.

At the very least if that property has some potential throw out a low ball offer.  You never know!

@Yehuda R. Columbus OH is a growing market and so is Cincinnati and the surrounding areas across the River in Northern KY.  In fact have you considered Kentucky at all?  Lots of areas with growing markets.  All depends on what you're looking for. 

I tried to do some business in NC but depending on the area, prices are jumping because of all the people moving in from out of state.

@Jennifer Cramer Welcome to the BP Community.  this is the perfect place to be asking questions and learning what to do and where to do it.  I am a Realtor on Long Island and have thought so many time about investing in Long Beach or out east near on the North Fork of LI but I decided until I have a solid portfolio under my belt that I do not want to invest in NY simply because of the property taxes and the laws that favor tenants.

I found a good deal of success investing in Kentucky. Specifically in and around the city of Lexington. Property values have gone up in the past few years but there are deals to be made and much easier to invest in KY than NY. For instance, a multi family home with 3-6 units (depending on location) can range from 200k-400k which is less than a SFH on LI or Westchester county for example and if one tenant vacates you still have others paying rent so you're not all out and I have a solid team in place and as a fellow NYer please feel to reach out and I would be happy to help in any way possible.

Greetings BP Community, I am a wholesaler who has 5 Mobile Homes for sale in Jeffersonville KY.  They are are sitting on 3 seperate properties all right next to each other 3 mobile homes are on one lot and the other 2 sit on their own lots and there is potential to add another mobile home, maybe 2.  All of the homes are being sold as a lot with the land so it's not a traditional mobile home park but it's also not the same as a typical multifamily home either.

Looking for advice on how to market this deal.  Should I call them Mobile homes or Singe Family Homes.  Should I market them as a multi family investment deal? 

Appreciate any and all advice in advance.

Great opportunity to add to your rental portfolio. FIVE fully rented homes on three separate properties. All the houses are well maintained. Rent roll is $3,300 per month with room for rental increases.                                                                                                                                                        Annual insurance premium for all 5 homes is $733.12                                                                                                                                                         Annual taxes on each property is $758.96
                                                                                                                                                   

Fantastic opportunity to add a fully rented 4 flex to your portfolio. Management is already in place and this turn key building is ready to go
with a rent roll or $3,125 Monthly with one unit due to a rent increase when the lease expires. Asking price is $299,000

4-Plex located in Frankfort, KY up for sale.  Offered at $299,900.  This property has (4) Two Bed, 1 Bath apartments. All units are rented out.  Turn key but there is still some add value to be made.

Message me for link to photos and rent roll.