Investor from Northern Kentucky / greater Cincinnati

Investor · Florence, KY · Member since 2016 · 8 posts · 2 votes

hello, I just started getting serious about real estate in Aug 2015. I have owned a few homes and did minor rehab and sold for profits. Now I'm looking to start a rental portfolio to have a passive income. Would love to network with any like minded people !

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James WilcoxBusiness Member

Real Estate Agent · Bowling Green KY ~ Lexington, KY · Member since 2015 · 1k+ posts · 602 votes

10y

@Bobby Jones welcome to bp and the REI community! You have definitely come to the right place to learn all you need to know about REI. Make sure to check out your local REIA and all this site has to offer. Good luck in all your REI ventures.

REI James w/ eXp Realty54 Reviews

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Kevin Bolser
Union, KY · Member since 2016 · 14 posts · 5 votes
10y
@Bobby Jones I'm also from the Florence area and new to investing ! We have similar goals ,as my wife and I are getting ready to invest in real estate outside of our primary residence !
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David Hayes
Rental Property Investor · Cincinnati, OH · Member since 2013 · 48 posts · 16 votes
10y
Welcome to BP @Bobby Jones! Lots of great people on here and resources. Make sure to check out the podcast if you haven't already. Cincinnati/Northern KY is a great place to be!
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James WilcoxBusiness Member
Real Estate Agent · Bowling Green KY ~ Lexington, KY · Member since 2015 · 1k+ posts · 602 votes
10y
@Bobby Jones welcome to bp and the REI community! You have definitely come to the right place to learn all you need to know about REI. Make sure to check out your local REIA and all this site has to offer. Good luck in all your REI ventures.
REI James w/ eXp Realty54 Reviews
Website View Page
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Coleman Nelson
Rental Property Investor · Cincinnati, OH · Member since 2014 · 150 posts · 59 votes
10y
Welcome to the community @Bobby Jones. There is a great network of investors here in the local area. Let me know if there's anything I can do for you.
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Matt Madar
Investor · Bellevue, KY · Member since 2015 · 45 posts · 8 votes
10y
Welcome Bobby! Glad to see another area investor. BP is a great place to get started!
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Sunny P.
Investor · Cincinnati, OH · Member since 2016 · 90 posts · 5 votes
10y
this is so sad and literally scares me from investing
http://m.wlwt.com/news/police-missing-florence-couples-tenant-charged-with-2-counts-of-murder/40423622?utm_campaign=News&utm_medium=FBPAGE&utm_source=Social
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Chris Campbell
Cincinnati, OH · Member since 2012 · 25 posts · 9 votes
10y
@Bobby Jones RIP my friend. RIP Crystal Warner. For those of you that don't know what happened. Bobby and Christina were trying to evict a tenant on July 3rd and apparently were murdered by the scumbag. Bobby has three kids left without a father. Investor friends, be careful. If you don't have a conceal and carry- you need to get one. Whenever you go somewhere, be sure to let people know exactly where you're going. Never try to evict a tenant without the police present. This is too close to home.
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Sunny P.
Investor · Cincinnati, OH · Member since 2016 · 90 posts · 5 votes
10y
Originally posted by @Chris Campbell:

@Bobby Jones RIP my friend. RIP Crystal Warner. For those of you that don't know what happened. Bobby and Christina were trying to evict a tenant on July 3rd and apparently were murdered by the scumbag. Bobby has three kids left without a father. Investor friends, be careful. If you don't have a conceal and carry- you need to get one. Whenever you go somewhere, be sure to let people know exactly where you're going. Never try to evict a tenant without the police present. This is too close to home.
I don't even know how the process works but if you're trying to evict, can you take police with you at no charge or do you hire them for as "special" event?
Wouldn't it be court's job to assign a police officer to get the person evicted?
Truly very sad..can't even imagine how their families are handling this loss
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Jay DeCima
Redding, CA · Member since 2016 · 224 posts · 143 votes
10y
Bobby
The most frequent question I’m asked by wanabee investor students is: “How much money do I need to get started?” Most figure it will take from $10,000 to $20,000 and almost 75 percent of them tell me they’ll have to borrow the money or at least part of it. I’m not talking about deadbeats here. I’m talking to folks who have jobs and for the most part are out working every day making a living, raising families and sending their kids to school. If they have a retirement plan with their employer, it’s likely to be the only savings they have. So as far as extra money set aside or saved for investing…forget it! These folks are simply trying to earn a decent living and there’s nothing left over.
In my opinion, $10,000 to $20,000 is a very reasonable amount for starting out, however throwing the money at whatever pops up won’t get the job done either. You must first set up a few goals, including a reasonable timetable. For example, do you plan to invest part time or full time? Perhaps you wish to supplement your retirement earnings for some future date. You also need some idea about when you’ll be needing the benefits from the investments. These are very basic questions you must answer for yourself before you even think about investing a single dime of your nest egg. If you don’t have a reasonable understanding of leverage and basic financing, you’d be well advised to discuss your plans with someone who can help you.
Pick the type of investing you think you want. I advise buy and hold for a newbie. Do other kinds later. Pick the best expert in that type of investing.........someone that has been hugely successful. Check that person thoroughly, google them (how many pages pop up). What are their credentials of AUTHORITY? Then follow that person's proven type of investing.
You will save so much time and energy if you can find that type of person.
Good luck.
Fixer Jay DeCima
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