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All Forum Posts by: Jonathan Thrasher

Jonathan Thrasher has started 14 posts and replied 112 times.

Post: New investor from Grand Rapids, Michigan

Jonathan ThrasherPosted
  • Grand Rapids, MI
  • Posts 113
  • Votes 29

Welcome @Jeremiah Jordan!  I'm a new investor from the Grand Rapids area as well.  

Post: I Buy & Hold in Grand Rapids, Michigan

Jonathan ThrasherPosted
  • Grand Rapids, MI
  • Posts 113
  • Votes 29

Hey Andy!  Welcome!   Congrats on your first two investments. I will soon be investing in my first property hopefully after the new year.

@Jeremy Scherer  Congrats Jeremy!  That's my neighborhood too.  There are a few houses around me that I would love to get my hands on. 

Post: Lowes vs Home Depot vs Menards

Jonathan ThrasherPosted
  • Grand Rapids, MI
  • Posts 113
  • Votes 29

In my experience I've found that each place has it's pros/cons.  Home Depot is closest to me right now so I go there for many things however I've found that the Menards near me has a much better selection of wood for other things besides framing.  I also tend to like Menards Lights better.  

I like Lowes selection of tile more than the others too.  

Post: Introduction/network

Jonathan ThrasherPosted
  • Grand Rapids, MI
  • Posts 113
  • Votes 29

@Brandon Krieg Thanks!  I've connected with a few already and looking forward to connecting with more.  I'd love to meet with you for coffee sometime!  My schedule is very flexible so whatever works for you!  I thoroughly enjoyed listening to the podcast with you by the way.  Listened to it yesterday.  Good stuff!  

FYI, I'll be out of town for the holidays from the 22nd-4th so I can meet anyone before or after then. 

Post: Introduction/network

Jonathan ThrasherPosted
  • Grand Rapids, MI
  • Posts 113
  • Votes 29

Hey West Michigan investors!  I'm new here and to the investing scene.  I'm trying to learn as much as I can before making my first investment hopefully in the next month or so.  I'd love to meet with as many of you as possible to learn from others who are more experienced than I.  Open invitation to meet up for lunch or coffee on me.  

I've been a photographer for the past 12 years and do real estate photography and also have a background in design so I'm more than willing to help anyone in those areas if I can. 

Looking forward to getting to know you and learning from you!  

Jonathan

looks great David!   Well done! Congrats on a successful first flip! 

Something you mentioned really resonated with me having been a professional photographer for 10+ years, photos do indeed sell properties.  It rives me crazy when I see listings with horrible photos from a point and shoot or smart phone.  Especially when it's an expensive home.  Realtors need to invest in a professional to properly photograph their listings.   It's been proven than professional photos will help sell a home faster.  

Post: Photographer/Designer from Michigan

Jonathan ThrasherPosted
  • Grand Rapids, MI
  • Posts 113
  • Votes 29

Thanks everyone who has replied and reached out to me.  I've only been here a day I can already tell this is an awesome community.  I've been listening to the podcasts for the past two days.  I feel like my brain is going to explode.  haha.  

I'd definitely love to meet up with some local people to pick your brain.  

I have questions pertaining to my specific situation and would love specific advice but not sure what forum section to put it in.  Basically I have 100-120k in equity in my house that I can use and just want to make sure I use it wisely and just want to see what others might do in my situation.  Where should I post this? 

Post: Hello from Grand Rapids, MI

Jonathan ThrasherPosted
  • Grand Rapids, MI
  • Posts 113
  • Votes 29
Originally posted by @Paul Leason:

Hey Joe! Welcome to BP!! Cash is king in transactions, especially in a sellers market. But then leveraging you purchase afterwards will allow you to build your portfolio faster. I've had that discussion a few times with my wife and it depends on how much "risk" you are willing to take. If you had $100k to spend would you buy 1 house @ $100k and cash flow better or 5 houses at $20k down and 80% leveraged? Your financial risk is essentially the same but you now how 5 mortgages totally $400k and $500k in properties. Your risk is also diversified over the 5 properties!

Just another way of thinking about it!

I'm here in GR. Happy to catch up or help out.

Good luck out there!!

 hmmm.... I hadn't thought about that.  definitely something to think about. I may have to pick your brain on that one sometime to fully grasp all of that.  :) 

Post: Hello from Grand Rapids, MI

Jonathan ThrasherPosted
  • Grand Rapids, MI
  • Posts 113
  • Votes 29

Welcome Joe!  I just joined yesterday and I may be greener than you on investing :)  Glad to see more GR people here!