Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jay Thomas

Jay Thomas has started 9 posts and replied 1364 times.

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

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

We'd need a bit more information. 

It looks like you're doing a loan, for investment loans it usually started off with a 20%  down payment. From what I see with your report I am not certain what percentage you where using. So I ran the numbers for a loan for $120k with a 10% down payment (trying to stay close to your numbers), 7% interest. I got a down payment of $12,000 and closing cost $5,223. Try it with these numbers and lets see what you get. 

Post: I want working with investors to be my niche

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

@Sam Dorgalli , By limiting my activity to one area and type of investment, I am able to leverage my resources more efficiently and effectively. By doing so, I can maximize the returns from each deal while minimizing costs associated with marketing and due diligence. All in all, focusing on multifamily investors in the Worcester MA market has been an incredibly successful strategy for me and I would highly recommend it to other real estate investors looking to make their mark in this industry.

Post: Using credit cards to purchase properties.

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

Doesn't sounds good.

Post: How are Passive Investors Paid?

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

@Randy Smith Thanks for sharing such information.

Post: Buying first property with LLC

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

@Preston Burto Congratulations! on the closure.

Always remember " the First step is the most important and the most effective as it will initiate the direction you have chosen."

Post: Investing with no money down

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

@Sam Dorgalli, I always believe that the deal comes first. 

that's Great !

Post: My tenant bought a house and plan to move out.

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

It's not worth it to go back on your word just for a little more money.

Post: Long Term Strategy: Cash Flow vs. Equity

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

Ultimately, it depends on individual goals and needs. If you're looking for stability and security, cash is the way to go. But if you're willing to take on more risk in exchange for greater potential rewards, equity is the better option.

Post: First Time Homebuyer

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

Before you start looking for a home, there are a few things that you need to consider. First of all, you need to think about the type of residence that will serve your needs.