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: Jonathan Styer

Jonathan Styer has started 5 posts and replied 319 times.

Post: What to do when tenant leaves garbage in common areas?

Jonathan Styer
#3 Medium-Term Rentals Contributor
Posted
  • Real Estate Broker
  • Columbus, OH
  • Posts 327
  • Votes 389

The first thing you should do is post written notice that they are in violation of their lease by trashing the hallway for the reasons you stated. Save a copy of this letter. If it continues to be a problem, evict them, they're breaking their lease and you have given notice. 

Post: brokers and investor realtors in Ohio

Jonathan Styer
#3 Medium-Term Rentals Contributor
Posted
  • Real Estate Broker
  • Columbus, OH
  • Posts 327
  • Votes 389

Columbus is a very hot market right now. Great place to invest for cashflow and appreciation!

Post: Tenant Cuts Down Gardenias

Jonathan Styer
#3 Medium-Term Rentals Contributor
Posted
  • Real Estate Broker
  • Columbus, OH
  • Posts 327
  • Votes 389

The CDC Moratorium states that evictions cannot happen due to non payment of rent. Look in your lease to see if there are other clauses for which you can evict, maybe like destruction of property? Sounds like they need to go. 

Post: How would you invest 100k Cash?

Jonathan Styer
#3 Medium-Term Rentals Contributor
Posted
  • Real Estate Broker
  • Columbus, OH
  • Posts 327
  • Votes 389

@Remington Lyman is spot on. The beauty of investing in real estate is the leverage that you can obtain. Many folks who buy cash then choose to do a cash out refinance afterwards to achieve that leverage. Good luck!

Post: HOW TO WORK WITH a RE AGENT and PRE-APPROVAL LENDING

Jonathan Styer
#3 Medium-Term Rentals Contributor
Posted
  • Real Estate Broker
  • Columbus, OH
  • Posts 327
  • Votes 389

@Raymond J. Rodrigues hit it right on the head. You are not required to work with a lender you get a preapproval from and you can get multiple to determine who you'd best like to work with. 

Post: What is House Hacking???

Jonathan Styer
#3 Medium-Term Rentals Contributor
Posted
  • Real Estate Broker
  • Columbus, OH
  • Posts 327
  • Votes 389

Hello and welcome Alex, 

House Hacking is when you buy a multifamily property and live in one unit and rent the other(s) out in an attempt to live cheaply or for free as the rental income pays your mortgage. Hope this helps!

Post: Buying 1st Rental Property

Jonathan Styer
#3 Medium-Term Rentals Contributor
Posted
  • Real Estate Broker
  • Columbus, OH
  • Posts 327
  • Votes 389

Hi @Aryel Collins, If you're looking to get lending from a conventional lender, they're all going to be looking at the same numbers because those are government back loans and they have the same criteria. Some other options you may be able to explore would be private money or portfolio loans. There are also asset based loans, these loans are determined by the financials of the specific property, not the owner. 

Whichever route you go, it would be wise to pay down that debt best you can. Hope this helps!

Post: Refinance vs Purchase Appraisals

Jonathan Styer
#3 Medium-Term Rentals Contributor
Posted
  • Real Estate Broker
  • Columbus, OH
  • Posts 327
  • Votes 389

@Stoudamire Davy The lender is going to do an appraisal to determine the value and they will look at comps to determine that value. It's all going to come down to what numbers work for you. Do you need that highest possible ARV for the deal to work? This question is pretty deal specific.

Post: Backup Lenders - Acceptable or considered distasteful?

Jonathan Styer
#3 Medium-Term Rentals Contributor
Posted
  • Real Estate Broker
  • Columbus, OH
  • Posts 327
  • Votes 389

This would not be advisable. Consider this, every lender is going to require an appraisal which you will pay for. Also, are you going to be letting all of these lenders know you're doing this? Because the title company will be working with all of these lenders at the same time so is the title company going to be lying for you?

I don't think this is the solution to the awful experience that happened to you. What they did may have even broken some laws, not a lawyer, but that is super shady. Any trustworthy lender should lock in a rate for you for a certain amount of time. 

I would consider putting this lender on blast and also consider if you can get some recompense. 

Post: Cash out Re-fi Question

Jonathan Styer
#3 Medium-Term Rentals Contributor
Posted
  • Real Estate Broker
  • Columbus, OH
  • Posts 327
  • Votes 389

@Erin Kreiger I will second Remington and say Chris Warton does a great job.