All Forum Posts by: Jason May
Jason May has started 11 posts and replied 25 times.
Post: At what level do you consider your current real estate investing experience?

- Franklin, KY
- Posts 25
- Votes 3
Definitely a rookie. I am still working on getting that first deal.
Looking to connect with wholesalers in the Southern Ky area, specifically Bowling Green.
Post: 100% LTV HELOC Advice

- Franklin, KY
- Posts 25
- Votes 3
Quote from @Ned Carey:
The other risk is simply one of leverage. If you are leveraged 100% then what happens if something goes wrong. You have no safety net.
If this is a legitimate offer you are likely paying higher rates and [perhaps other less advantageous terms.
This is the exact way I was thinking about it. What is the max LTV you would consider for a HELOC?
Post: 100% LTV HELOC Advice

- Franklin, KY
- Posts 25
- Votes 3
I am shopping for a HELOC. I have found 2 lenders that will give up to 100% LTV. Every other lender is 80-90%. Has anybody been able to get one of these? Is there any more risk with 100% vs 80-90%?
How do you comp 2 bedroom houses when all of the surrounding are 3 bedroom? Do you just go off of the square footage or is there a different way to do it?
I am looking to take out a 401k loan and use that money as a down payment for a hard money loan. Has anybody done this? Pros and cons and things to look for when doing this?
Looking to start a local meet up of investors. There is a Facebook group of local investors but they don’t do any meet ups. Looking for advice and tips on how to start and set up these meet ups.
@Bonnie Rhodes yes it is. I've been looking into BRRRR but don't have the capital I need yet. Was thinking this would be a way to help me build capital and learn more about the business.
@Bonnie Rhodes I live in Southern Kentucky but I’m looking to get into the Middle Tennessee area. I’m also just now learning about wholesaling.
Post: Help a Rookie Analyze a Deal in Kentucky

- Franklin, KY
- Posts 25
- Votes 3
@Scott Emsley I remember going to high school with you. Glad to see you on here. I am still in the area and trying to get started investing. I’m constantly analyzing properties. Let me know if there is anything I can do to help you.