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All Forum Posts by: Jay Thomas

Jay Thomas has started 9 posts and replied 1364 times.

Post: I want to do 25 fix and flips in2023

Jay ThomasPosted
  • Real Estate Agent
  • Posts 1,413
  • Votes 712

having a team of contractors and big dogs looking for deals is essential. They can help you make sure that you get the best deal possible on an investment property or real estate transaction. With their expertise and experience in real estate markets, they can provide insight into what areas are likely to bring the most return on investment. They can also provide advice on how to structure deals and negotiate with buyers and sellers, saving you time and money in the long run. With their help, you will have a better chance at making the right real estate decisions that will benefit both your wallet and your real estate portfolio.

Post: Lease renewal and rent increase by 5.5%

Jay ThomasPosted
  • Real Estate Agent
  • Posts 1,413
  • Votes 712

When it comes to rental properties, it's important to make sure that you're not getting a deal too good to be true. While getting a lower rent than market value can seem tempting, it is not worth the risk of suddenly being hit with rent control and having difficulty catching up on past-due payments. Instead, I recommend sticking within 5% of the market rate when negotiating a lease agreement. This way, you can feel confident that your rental income is stable and reliable. Doing your research ahead of time to make sure you are getting a fair deal will help ensure your success as a landlord.

Post: Monthly cash flow dead?

Jay ThomasPosted
  • Real Estate Agent
  • Posts 1,413
  • Votes 712

Deals can be made by harnessing the power of off-market strategies. These strategies involve understanding distressed markets and having the willingness to buy properties in those areas that are undervalued. Deals can be found in areas such as foreclosures, pre-foreclosures, short sales, auctions, tax sales, probates, REOs, and abandoned properties. By taking advantage of these types of off-market strategies, savvy investors can find deals that have great potential for return on investment.

Post: how much money do i need

Jay ThomasPosted
  • Real Estate Agent
  • Posts 1,413
  • Votes 712

Investing does not have to be an expensive endeavor. With the right mindset and knowledge, anyone can become an investor with no money.

Post: Are you going to do buy and hold in 2023?

Jay ThomasPosted
  • Real Estate Agent
  • Posts 1,413
  • Votes 712

The key to success in this environment is patience and the right strategy. With buying and holding, you need to understand the rental market of your area and take into consideration short term, mid term, and long term rental options. Do your research before deciding if flipping makes sense for you. It's important to realize that making quick profits on flipping could be risky for beginning investors. Instead, plan with a 3-5 year exit strategy to make sure you get the best return on your investment.

No matter what type of investment you're considering, educating yourself is paramount. Make sure to research and understand both the current market conditions as well as potential future trends before making any decisions. With the right knowledge and philosophy, you can set yourself up for success. Good luck!

Post: Investing in Single family homes?

Jay ThomasPosted
  • Real Estate Agent
  • Posts 1,413
  • Votes 712

Commercial real estate has a much higher potential for return than single family properties, making it an attractive option for those looking to maximize their investments. Storage units and multifamily properties are two of the most common types of commercial real estate, and both offer the opportunity for investors to earn returns that are significantly higher than those from single family homes. With storage units, investors can purchase the unit and then rent it out to tenants, while with multifamily properties they can purchase the entire building and rent out individual units.

Post: Happy Thanksgiving. God bless!

Jay ThomasPosted
  • Real Estate Agent
  • Posts 1,413
  • Votes 712

Happy Thanksgiving to you too, @Joe S.

Post: Wanting to buy a tenant occupied rental

Jay ThomasPosted
  • Real Estate Agent
  • Posts 1,413
  • Votes 712

The current market conditions are favorable for anyone looking to invest in property. With fewer competitors and more properties available, now is the perfect time to buy an investment property. With so many potential options, it's worth doing your research before you invest. Evaluate the risks carefully and make sure you understand all of the associated costs with purchasing a property.

Post: Short Term Rental: King vs Queen Bed

Jay ThomasPosted
  • Real Estate Agent
  • Posts 1,413
  • Votes 712

A Queen size bed is a great choice for any bedroom. It offers enough space to be comfortable without taking up too much of the room, making it easy to decorate with furniture and accessories. Plus, you can always upgrade your bedding to include luxurious fabrics and colors that will make your room feel even more special.

Post: Off the market deal I found. Do you think this has potential?

Jay ThomasPosted
  • Real Estate Agent
  • Posts 1,413
  • Votes 712

Wow, good for you, that's a nice purchase price compared to market value!