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All Forum Posts by: Jay L.

Jay L. has started 7 posts and replied 47 times.

Post: Beginner in Atlanta, from New York City

Jay L.Posted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 47
  • Votes 18

Appreciate the input @Michael Lee

@Kenisha Forbes we've considered HML but starting small with our own cash seems good for now. You're certainly right about there being multiple avenues for achieving goals in this business. The thing is, I wouldn't even begin to know how to go about finding a hard money lender, let alone putting myself in a position to have to repay anyone when I'm just starting out. The whole thing just screams "Just use your own money!" to me, lol

Post: Beginner in Atlanta, from New York City

Jay L.Posted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 47
  • Votes 18

Thanks @Rhondalette W.

I'll definitely check out the link.  

Post: Beginner in Atlanta, from New York City

Jay L.Posted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 47
  • Votes 18

Hello BP family, I'm J.  Yes, that really is my name, it's not simply an initial...quite unusual, I know.  Born and raised in New York City; currently living in Atlanta, GA.  I actually got a hold of "The Book on Rental Property Investing" (which I'm currently reading along with a few other RE books when I can get a few minutes in) and that led me here. 

 Growing up around big buildings and huge apartment complexes always left me curious about how those places were ran, and who the owners were.  Fast-forward to today and now my ultimate goal is to be one of those owners.  Right now my partner and I are looking to get our start in her home state of Michigan, somewhere she's very comfortable with and definitely within our budget for the time being.  We've chosen to dive in completely self-funded...not the easiest or quickest route, but I think it works well for the plan and pace we've set for ourselves.   I'd like to build a nice portfolio of MFHs but the idea in a nutshell is first to flip some SFHs (something that I actually find exciting) to raise more capital.  My partner is emotionally invested in Michigan so in her case it's not all about the money, and that actually helps my focus as well.

Just what I've read in the short time I've been looking around is enough to let me know I can find some very helpful information and pretty cool people here.  I look forward to interacting with you guys and picking some of your brains on occasion!

Post: First Flip $100,000+ Profit, SOLD IN 1 HOUR!

Jay L.Posted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 47
  • Votes 18
Looks like that staircase is the star of the show. Also, very good input from Aaron Mazzrillo

Post: Do you always go and see the property before putting in an offer?

Jay L.Posted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 47
  • Votes 18
Joe Villeneuve so you make your offer contingent on a satisfactory inspection? Jusf making sure I get it right (newbie).

Post: New SFR and Multifamily Investor from Detroit/Warren MI

Jay L.Posted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 47
  • Votes 18

Spot on about the information overload.   Fortunately I'm an obsessive reader lol

My partner is born and raised in Flint and has a pretty solid team out there so it's the area she's most comfortable with.   She's also got a little experience on the financial side of things so that all = us getting our start there.   However we're both in Atlanta--a city way too pricey and competitive for a beginner like me.   

Post: New SFR and Multifamily Investor from Detroit/Warren MI

Jay L.Posted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 47
  • Votes 18

Welcome!

I haven't done my introductory post yet (registration issues) but figured I'd chime in since I'm also looking to get my start in Michigan.  

This is hands-down the best real estate community + information source I've seen in a long time.