All Forum Posts by: Austin Johnson

Estimating a $1,025/month income? with 5% vacancy added in that is. 

@Account Closed any suggested paid coaching or partners? 

@Jack Hritsko and @Jerryll Noorden y'all got me inspired as hell. great questions, great answers.

@Brandon Stock I checked out your website, it looks good! do you find it funnels in more leads than anything else? I'm a little nervous putting up a website being honest, as a newbie to investing it's hard to stack up to your 20+ years experience. 

New to wholesaling (imagine that, on this forum? no way!) I was curious on overall ROI on a website (such as carrot) vs direct marketing. From individuals who have used both, what do you think a newbie should invest in for getting started?
incoming Wholesaling is illegal, unethical, its not investing etc.
I know.
I'm house hacking and wanting to increase my savings towards my second deal to begin 'The Stack'.

@Ray Danishyar what's the money offset for setting up your own site vs for say direct mail marketing? 
do those costs include the advertisements as well? curious the best route to go. 

Hey Man, congrats on taking that first step! I took my first step in July, so I know the fears first hand. A bit of wisdom that made me pull the trigger. 
"The best time to buy real estate was 20 years ago. the second best time is today". Timing the market is a fools errand. If you can time the market 55% of the time, I'll hire you as my financial advisor, we can both get rich trading stock options!
If you buy for cash flow as @Danielle Jackson advised, you're going to be solid. You're going to mess up, it will happen. It's your first deal. I've already messed up! but having set criteria will keep the ship afloat regardless of temporary hiccups. 
my hypothesis: Real estate will continue to go up in value in short term as well as the long term. there may be waves but that's why you built the strong ship to withstand them till the oceans are smooth again. 

Everything previously said is spot on. I would add, be open and honest with the tenant. Label their fears out the gate. (You're gonna think I'm a fancy new investor who doesn't care about you and only about my profits, etc.) Then explain the market value and the month to month status. I'm sure a year lease might be signed if you agreed to keep the rent the same or marginally raise it vs raising it to market. It's truly a win/win scenario if approached correctly. 

I read it all. This was well thought out and slightly motivational. Well done!

@Matt Ashbrook, @Colleen F. is correct, they won't slowly raise it over time.
If your value determined by the county is 50% of the actual FMV, you're lucky.
But you also have to factor in, the market doesn't typically do depreciation while your county appraiser (Hi!) will. 
a house built in 2000 here worth $200k I'd depreciate it by nearly -/+ 40% while the FMV may still be have it valued at $200k (or higher based on appreciation). 
so 120k vs 200k.  now we assess based off that 120k. 
that may have all been way over explained but to conclude, call them, speak with the appraiser. learn, learn, learn. They will help you understand.