All Forum Posts by: Jay J.

Welcome to BP @Oliver Pereira. 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 local to Cincinnati too, so hit me up some time!!

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've made a small habit of investing in their breweries over the years..    ;-)

..no clue about the homes though..

I'm no expert, but I've heard (and had a friend in this situation) that this is accurate. There are some 'technicalities' I think, but generally I think that's right..

..but I'm not an expert. Talk with an (RE) attorney or someone else that would be able to provide better advice.

Cash for keys and kick him to the curb..  plus, he's ruining your investment property and probably annoying your folks.. 

Check the local laws (I'd find out about that city inspector), but start the eviction process if you can..

Hello @Account Closed !!  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!

There are several good RE agents here on BP. There are also a few good wholesalers in the area that should be able to help you out!!

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/...
4. Now you're ready to face the RE world !! GO GET IT!!

eh, the easiest way would be to maybe contact a realtor and find out what comps in the area are..  you could check zillow or realtor.com for a ball-park estimate of value..

..as for the $1060/mo. If you're renting out the 2/1 and your staying in the 1/1, your payment should only be about $200/mo..  Plus, you need to include insurance, vacancy, etc..  If you rented the other 1/2 for $550, you'd probably break even on it..  again, depending on the specific financials.

What is the condition of the property?  Is it worth more than $115k?? What is the monthly payment she wants?  (100k @ 5% over 10 yrs is about $1,100/mo -> http://www.mortgagecalculator.org/)

..what are your plans for the property?  Sell it off ? rental ??

@Patrick Henshaw I just sent you a message!

Welcome @Patrick Henshaw. 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 local to Cincinnati, so I'd love to meet and talk about what you're looking for!

1. First things first, in case you're new to RE, 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 @Darrell Phillips. You have already set yourself up for success by joining BiggerPockets 

which really is the premier place to start learning about RE and what it can do for you!

I'm local to Cincinnati too, so hit me up some time!!  Since you mentioned wholesaling, I'll remind you that there has been some debate as to the legality of the practice in Ohio. Do a quick search and you'll see what I mean. I'm not taking a stance either way, but I'd take a deeper look in to it for sure..

Moving on..

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/...