All Forum Posts by: Jay J.

Welcome. You have already set yourself up for success by joining BiggerPockets!!
This is really the premier place to start learning about RE and what it can do for you!

1. First things first, learn the basics --> http://www.biggerpockets.com/starthere

2. Then, download the BiggerPockets Ultimate Beginner's Guide and start reading some more!!
The UBG will will walk through many of the key topics of real estate investing. Ask anyone here, its an invaluable resource. --> https://www.biggerpockets.com/real-estate-investin...
3. Once that's done, get to listening to the free BiggerPockets Podcast - A really great podcast with interviews and a ton of great advice. --> https://www.biggerpockets.com/renewsblog/category/...

Welcome. You have already set yourself up for success by joining BiggerPockets!!
This is really the premier place to start learning about RE and what it can do for you!

1. First things first, learn the basics --> http://www.biggerpockets.com/starthere

2. Then, download the BiggerPockets Ultimate Beginner's Guide and start reading some more!!
The UBG will will walk through many of the key topics of real estate investing. Ask anyone here, its an invaluable resource. --> https://www.biggerpockets.com/real-estate-investin...
3. Once that's done, get to listening to the free BiggerPockets Podcast - A really great podcast with interviews and a ton of great advice. --> https://www.biggerpockets.com/renewsblog/category/...

Welcome. You have already set yourself up for success by joining BiggerPockets!!
This is really the premier place to start learning about RE and what it can do for you!

I'm not in Boston, but I would recommend even a 'light' updating to the 80's kitchen.

1. First things first, learn the basics --> http://www.biggerpockets.com/starthere

2. Then, download the BiggerPockets Ultimate Beginner's Guide and start reading some more!!
The UBG will will walk through many of the key topics of real estate investing. Ask anyone here, its an invaluable resource. --> https://www.biggerpockets.com/real-estate-investin...
3. Once that's done, get to listening to the free BiggerPockets Podcast - A really great podcast with interviews and a ton of great advice. --> https://www.biggerpockets.com/renewsblog/category/...

Welcome. You have already set yourself up for success by joining BiggerPockets!!
This is really the premier place to start learning about RE and what it can do for you!

1. First things first, learn the basics --> http://www.biggerpockets.com/starthere

2. Then, download the BiggerPockets Ultimate Beginner's Guide and start reading some more!!
The UBG will will walk through many of the key topics of real estate investing. Ask anyone here, its an invaluable resource. --> https://www.biggerpockets.com/real-estate-investin...
3. Once that's done, get to listening to the free BiggerPockets Podcast - A really great podcast with interviews and a ton of great advice. --> https://www.biggerpockets.com/renewsblog/category/...

Welcome. You have already set yourself up for success by joining BiggerPockets!!
This is really the premier place to start learning about RE and what it can do for you!

1. First things first, learn the basics --> http://www.biggerpockets.com/starthere

2. Then, download the BiggerPockets Ultimate Beginner's Guide and start reading some more!!
The UBG will will walk through many of the key topics of real estate investing. Ask anyone here, its an invaluable resource. --> https://www.biggerpockets.com/real-estate-investin...
3. Once that's done, get to listening to the free BiggerPockets Podcast - A really great podcast with interviews and a ton of great advice. --> https://www.biggerpockets.com/renewsblog/category/...

I'd have to agree with @Jeff G. on this one..  

Friends are more important than money..

Avondale is kind of a war zone. (well, C- / D- )

I mean, sure there are probably some nice places, but Avondale is constantly in the news (and not for good reasons).

Hey @Slocomb Reed !!  You've got yourself a good situation there!!

Personally, I'd try and replicate what you've already done. Find another quad/duplex somewhere, move in, and rehab it.. 

(side note, since you'd be using HELCO loan, you'll want to make sure that the amount of money you put in to the new rental makes a better return than the rate your paying on the HELCO, does that make sense??  ex, if your loan is at say, 4% and you invest $50k in a new prop. You'll want to be sure that you're making atleast a 5% return on the $50k)

Welcome to BP @Daniel Crespo. You have already set yourself up for success by joining BiggerPockets!!  This is really the premier place to start learning about RE and what it can do for you!

1. First things first, learn the basics --> http://www.biggerpockets.com/starthere

2. Then, download the BiggerPockets Ultimate Beginner's Guide and start reading some more!!
The UBG will will walk through many of the key topics of real estate investing. Ask anyone here, its an invaluable resource. --> https://www.biggerpockets.com/real-estate-investin...
3. Once that's done, get to listening to the free BiggerPockets Podcast - A really great podcast with interviews and a ton of great advice. --> https://www.biggerpockets.com/renewsblog/category/...

Welcome to BP @Daniel Wetherill !! Its good to see other Cincinnati investors on this site! I'd have to agree with @Tyler Weaver's statement about deals not 'being good' if they don't more you forward in the direction of your over all RE goals..

So, to build on that statement, what are your goals..?  You said you've been approved for $100k, what type of down payment do you have? (a larger DP will open up more options for you) What part of town are you considering? (I assume not Avondale :/  )

I can understand not wanting to get in to a deep rehab, but (IMHO) that's the only way to make any return in RE. When you can buy property X for $75k, put $15k in to it (easy rehab) , you're all in under $100k. The 15k rehab, hopefully forces some capital appreciation (think floors, kitchen & bath), so maybe then the property is worth $100/$110 depending on the area. (then you can refi and move to the next)

..hope that helps!