All Forum Posts by: JJ Conway

@Eric H. great article!

@Jamal L. are  you asking as in the case of tenant has been notified that property is for sale and has 30 days to make decision? If so, that's 30 days in Baltimore City.

@Michaela G. wow that's an awesome strategy!

@Holly Jackson if I'm reading your second post correctly: you're ok with an extra deposit, but don't feel it would be fair to pay extra "pet rent."  I totally get where you're coming from and would feel the same way too!  Only thing is, many landlords around me don't allow pets and the ones who do charge both an extra security deposit and extra pet rent.  It's just what's done here. I don't know the Seattle market so IDK if offering both would help- does sound like a great place to start. 

Let me just level with you: if someone came to me saying how awesome their dog was, but was resistant to paying extra and resistant to having me come view their current living space unannounced that would be a huge red flag that I might not want this dog in my property.  Not saying your dog is a problem. Just saying what you wrote in your 2nd post would make it harder for me to change my policy, if in fact I had a no-pets policy.

FWIW, my rentals already had pet damage so I allow pets.  But I do charge extra rent which people are willing to pay for a beautiful home that allows pets.

I remember when a sudden life change forced me to find a new place to live in just 1 day. Talk about red flags!  No landlord would even hear me out. It's almost as tough to get a quality place to live when you need to move in tomorrow! So I feel your pain and wish you all the best!

@Emery Green and @Jennifer King there are SO many talents out there that an exprienced investor may not have- in a sense you're bartering your talent for their educating you.  I'm always partnering with folks who are good at marketing, photography, videography, hosting, event planning, etc (or just plain volunteering at my events).  Someone wanted to learn about investing, and I needed my last rehab recorded so I could make a new class.  win win for both of us.

I'm sure you both will do just fine, since you seem to be the type to take action!

Hey, just bc I have several notes about this in my inbox, this event is NEXT Thurs, the 14th, not tomorrow.

As many of you know, I run the Building Wealth Together Meetup in the Kingstowne area of Alexandria VA. This month, our meeting 14 Apr will focus on MONEY!

- How to get private lenders to fund your deals!
- How Hard Money Lenders work (and why you need one)!
- How to use your IRA to build wealth quickly!

Our special panel of guest speakers will SHOW YOU THE MONEY (or, at least, how to get it!). Be there or be broke!

Sign up today:

http://www.meetup.com/BuildWealthWithJJConway/events/229248040/

- JJ

---- About the Building Wealth Together Investment Meetup Group ----

We believe in education, ethics, and accountability. We offer financial, investment, and entrepreneurial education. Building wealth together… Solutions, not a sales pitch!

Our 1st goal for you: A CHOICE! Have you ever felt forced into a job just to put food on your table? Have you felt stuck in a dead-end job with no way to move up, and no way to get out? It doesn’t have to BE that way!! Whether it’s real estate, stock markets, or plain old-fashioned spend-planning, there are many ways to get OUT of that hole and start living! Our 2nd goal for you: Financial FREEDOM! Freedom to choose whether or not to “work” in the first place. Freedom to spend your time working in the community, or traveling around the world, whatever moves you! We’ll empower you to generate enough passive income so YOU can stop “working for the man” and do what you want to (or are called to) do!

Hi @Diwas B. buying a livable fixer-upper and working on it while you live there can be a great strategy. Especially if you don't have school-age kids where you need to worry about the schools.  Have you connected with any of the Baltimore area REIAs (MAREIA, BWI Meetup, Real Deal, etc)?

@Tamara V.Here's another Baltimore City rehab story:

https://www.biggerpockets.com/forums/223/topics/291772-my-baltimore-city-rehab

@Ulrich Faircloth sorry to hear that, man. But better to see it won't work now before signing the paperwork vice later on when you've got no other options.

@Emery Green I love this question!!!

In addition to what @Steve Vaughan said (which is awesome by the way), I would add on look at what skills you DO have - real estate related or not - and offer those up. For example, if you work in design, perhaps offer to help investors at your local meetup or REIA with staging in return for mentoring.

Another thing is to offer to volunteer to help work the REIA or meetup events - when I host seminars I let the volunteers get in free and they also get materials. So that's another idea that might help you.

Finally, don't be afraid to spend a little taking the experienced investor out to lunch or something.  I've found that WELL worth the cost.  I had a friend who said he got a mentor's attention by offering to pay him just to ride in his car for a day as he worked on properties. I don't think  you need to pay anyone (plenty of free mentors here on BP and at your local group) - just throwing that out as an example of what a newbie did to get himself some valuable education.