All Forum Posts by: Austin Johnson

worse case scenario, he drops it and picks it back up again. keep the audio quality up and bring on quality guests and the show will maintain its appeal. 

I second what @Bud Gaffney said. 
a Rockstar Realtor can/will be a central hub for all your connections. research local agents and meet with one or two.

Edit: what specifically are you looking to do as an investor? when I first dove in, I thought that was a simple answer but there are a TON of different areas you play in and each of those has a unique path as well. What are your goals? finding this and defining it can help a lot with who you need to meet and what to discuss. Imagine a friend came to you and said "I need to market"  You would probably have a thousand options and no idea where to point them before they clarified and got you what @Brandon Turner says a CCC (Crystal Clear Criteria). 
What's the end goal?

my only fear is buying a property at 30-40k is screaming fixer upper. if you spend the 3040k on purchase. do you have enough for the fix and the holding costs? not to mention closing costs.

read the above link. following that, check out Ryan Dossey. he posts good information on getting started as well. 

https://www.biggerpockets.com/...

job market: are there jobs in the area bringing people in? are they all in one sector or multiple sectors? if one crashes, how will that affect the house hack?

average costs. is the market there ridiculous like California or  moderate like Missouri? how far off is the good ol' 1% rule? if it's give or take 10% run the actual numbers. 
example: 100k property and gross rent is $850-$900. 1% rule screams no but  run the actual numbers through your mortgage broker, insurance agent, etc. to get an idea of true costs.  

I would suggest getting a knowledgeable agent to help you on the first deal. They can help you run comps for the area/neighborhood and help decide if you're over/underpaying. 

personally I'm cash flow cash flow cash flow. if I cash flow $200/month but it appreciates 1% a year I'm still taking it. other people are more speculative and prefer appreciation. if you're not already, get clear on which you are as well. 

use websites like rentometer to run comps on rents. if it fails (like it often does in mid Missouri) go to apartments or google rentals in your town and run rental comps. (maybe a quality agent can help there too).

Yeah... this Fed "finding a back bone" won't happen. They've made that clear lol

Canesha, do you ever listen to The Peter Schiff show? I've listened a bit in the past (so somethings I say may be dated as I'm not updated)
my understanding was a spike in interest rates would collapse the economy. interest rates are lower than 2008 and have held to that low for WAY longer than needed. I don't see The Fed raising any time soon. 
Description of Schiff's latest episode:
"Fed can’t fight inflation without deflating inflated economic bubble. Data shows biggest drop in productivity in 62 years. Consumer prices are headed much higher. Real wages are headed much lower" 
that basically sums it up for me. It feels like we're in the no mans land here. The Fed will threaten to raise the rates, act like they're 'about ready to maybe start thinking about it in the future' but ultimately I doubt they do. should they? yes. but with the GDP down, people still not working, the "new strain" it gives them endless slack and excuses not to. idk, hopefully I'm wrong and interest rates spike, combating inflation and prices tank, syndications go under, stocks tank, our economy  plummets and they step back in and lower them again. 
sorry for the long winded response! haha.

sounds like the government just wants..... wait for it... more control. 

@Jonathan Ruiz so areyou saying buy meta land?