All Forum Posts by: Jonathan Schneider

@Jim Wolf

Welcome to Bigger Pockets! I look forward to meeting you!

@Pat Jackson I'm there!

@Helen Youn

Did you ever find anyone?

Hey Kyle,

Curious if you ever found a good one?

Thanks,

Jonathan

 @Pat Jackson, sorry, I will be out of town all of next week.

@Tiffany Smith, @ Pat Jackson. Sounds good to me. Tiffany, that is almost exactly what I had in mind when I started Tycoon Talk, but I ended up inviting speakers because I thought maybe it would incebtivize more people to come. I just have one property right now, but I should be freed up more financially in a few months and I'll be looking for more.

@Tiffany Smith , Hey Tiffany. I have taken a break from Tycoon talk and have not held meetings for the last few months. Unfortunately, there was a lack of interest and I felt like the amount of effort I was dedicating to it was never justified. I'd gladly start it back up if there were other people who would come regularly. Perhaps you know other investors in St. Joseph that you could invite? Thank you for your interest.

@Darren Denning Do you mind sharing your KC bank? PM if you want

@Jay Hinrichs It's great to have big cash reserves, but for a lot of people, saving that extra $10,000 is going to take a long time. Sure, it would be more risky to proceed before building up those reserves, but there are things you can do to mitigate that risk. You could go in with a partner for instance, or get a lower down payment loan, say 10% or less, and pocket some of that 20k to save for expenses. As long as he does the proper research, finds a property in good shape, and hires a reputable turn-key operation, it's doable. Might take awhile to find the right deal, but it's good to get your feet wet. There are good properties to be had for $50-60k.

@James Wise Lots of opportunity here in KC like Jay said. I disagree with the need to save more though. You need to start somewhere, and 20k is plenty to get a $200 cash flowing property  in decent shape, unless that is your entire savings, in which case, everybody needs an emergency fund. You know what they say, you can't catch a fish unless your hook is in the water!