All Forum Posts by: Jay Mersfelder

@Alex Babayev

Awesome deal been reading up on the brrr strategies and kinda used it in property I currently live in but haven't moved on to rent it out yet. Just bought another one that needs some work going to brrr it.. would like to sell first one but haven't owed it for 2yrs yet and not sure if that would be too costly with capital gains taxes. I want to use money to invest in a multi-family any suggestions would be nice from experience member..

Just be care cause there's good and bad parts of covington 

Yes lot of people live in northern ky and work in Ohio. Northern ky is building up lot.. good rent rates for the prices..really good roi on your money..

lot cheaper in ky do to tax rates compared to Ohio tax rates

Yes lot of people live in northern ky and work in Ohio. Northern ky is building up lot.. good rent rates for the prices..really good roi on your money..

I've lived in this area all my life realistate is hot here.. good area to invest in with good cash flowing properties. There's lot of avenues to take i found that what's best for me is founding something little distressed that needs little work makes best profit all around but every one is different. I would be willing to help you any way I can if you decide to invest here. I can be your boots on the ground. Lol

@Chris Teti

Yeah totally understand the market is brutal.. thinking about looking into the FHA though and rent out current residence. Then use money to buy another .

Just sounds lot easier than it is.. I've been bouncing do many strategies around gets confusing..

@Dan Weber

Yes if I can do FHA would move in and rent out home I'm in now. I already did Heloc that's how I have the 40,000.But if possible I would like to do a FHA and use most of the 40,000 to buy home with 25% down.. just not sure if I can get and FHA..approved for a conventional do think I should be able to do FHA

Looking to invest but everything has been mind boggling could use some advice on best routes of getting started buying.I have 40,000 to get started and have decent credit.i thought about doing 25% down then thought it would be wiser to try FHA and move out of Primary residence. I OWE 98,000 ON MY Primary residence. Would appreciate any savvy investors advice that started in similar situation.all advice would be appreciated.

I'm in process of purchasing my second home and with today's marker it's been difficult to find something I can build any equity in.. I'm bouncing all over the place with ideals but it's making it even harder send being new at investing..I have 45,ooo cash to use haven't never used a FHA loan. I'm wondering if I should use that option if it would be helpful to build more investment properties in long run and when using conventional loan say if I put 25% down does closing go into that loan or is closing on top of 25% down. Thanks for any thoughts or strategies to help me make better decision.