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All Forum Posts by: Austin Hughes

Austin Hughes has started 68 posts and replied 440 times.

Post: Real estate Investing

Austin HughesPosted
  • Rental Property Investor
  • Lubbock, TX
  • Posts 455
  • Votes 182
Originally posted by @Bo McCraw:
Hi, I am 19 years old. My roommate, and best friend, have been doing a ton of research on real estate investing, both have read Rich Dad Poor Dad, and are very excited about getting our heads in the game of real estate investing. We both have almost no credit, so we are both getting credit cards (only to pay bills, groceries, and gas, which we will pay off every month) to build up our credit, which is probably the first step before trying to get into anything. We were wondering if there is anybody in our area that we could shadow/get mentored by, or if there is a community of fellow investors that we could get plugged into. We live in Lubbock, TX. Thanks! Thanks!

Hey Bo. I started my research when I was 19 as well. Invested at the age of 22. You don't need to take that long like I did, and you don't need a partner who provides nothing you don't already have. It's exciting to have someone else and share ideas, but if you're both new, no experience, lots of enthusiasm, no credit, no capital, lots of work ethic and hustle....I would recommend that profile of a person partnering up with someone who fills in some gaps. Most importantly, experience. Secondly, capital or credit.

Of course-- you know yourself and what would be a good setup for you.

When I got started, I took a lot of action when I was 21 and people saw me hustling. They would get so many letters from me and so many cold calls that they would say, "WAIT..... who ARE you?" And I would make friends with seasoned investors that way, because they saw my hunger and that I meant business.       So just getting out there and being serious will help you attract the right mentor.

Post: the 2% rule in lubbock texas, myth or reality?

Austin HughesPosted
  • Rental Property Investor
  • Lubbock, TX
  • Posts 455
  • Votes 182

I have a few properties that aren't up to the 2% rule. However, the majority of my properties surpass 2%

Post: Title Company or Attorney for Wholesaling in Lubbock

Austin HughesPosted
  • Rental Property Investor
  • Lubbock, TX
  • Posts 455
  • Votes 182

Hey @Leslie Brown I'd love to get connected with you and look at your deals. My go-to is Hub City Title. I close with Sarah Kirk, and she is just phenomenal. The owner of Hub City Title has tons of real estate investing experience and is awesome to work with. You won't have a deal waiting to close because of title company. They're fast.

Post: Should I Put My Name on Facebook Account for Marketing?

Austin HughesPosted
  • Rental Property Investor
  • Lubbock, TX
  • Posts 455
  • Votes 182
Originally posted by @Yolanda Eiland:

@Austin Hughes I'd either change it to "Austin Hughes Thunder Sun Homes" or a generic name in there so you never have to change it again. 

 Okay do you see any cons to this approach?

Post: Lubbock Real Estate Market

Austin HughesPosted
  • Rental Property Investor
  • Lubbock, TX
  • Posts 455
  • Votes 182
@Christoval Esquivel   
There has been a lot of slow down in the sales and rentals. Certain investors are tightening up their wallets right now and not moving on deals.     We feel the rental demand will catch back up in a couple years, but there has been lots of overbuilding for student housing. Rentals are suffering across the board..   
So that means there are some killer deals to be found with less competition! Just get out there my brother.  :D

Post: Should I Put My Name on Facebook Account for Marketing?

Austin HughesPosted
  • Rental Property Investor
  • Lubbock, TX
  • Posts 455
  • Votes 182

The thing about this profile is it let's us engage with SO many people. We regularly get 30+ messages and 100+ comments on a new property with how we get it out there via this profile... Whereas marketing through our business page leads to my mom liking the post and someone calling us about the property 4 months after it's sold.

We just get 10,000% better response from the profile activity.

Post: Should I Put My Name on Facebook Account for Marketing?

Austin HughesPosted
  • Rental Property Investor
  • Lubbock, TX
  • Posts 455
  • Votes 182

I've had a company controlled normal profile on facebook for 2 years. Growing the business the E-Myth way, I have tried to grow Thunder Sun Homes independent of my name. I want the business to have it's own identity, and allow people to go to my team members in their specialist fields for their needs. I don't want everyone coming to me always.

The only bad thing is I've had sales people come and go, and that's what we primarily use the Facebook profile for is marketing for rent and for sale. So, after changing the name multiple times on the same profile, I am asking myself what the best scenario would be...

  • Do I go ahead and change it to the new sales person's name while they use it? (I know, I'm doing what I can to retain great talent.)
  • Do I put it in my personal name, such as "Austin ThunderSunHomes" or "Austin Hughes Thunder Sun Homes" or something similar?
  • Do I put it in a generic name that doesn't really exist so we never have to change it? "Mike Jones" or "Jerry Curl" :D

What would you guys do? Pros and cons from what you can see?        I think building my personal brand would be nice, but don't want people to constantly ask for Austin to fix all their problems. Help a brother out!

Post: How Does Everyone Track their Employee Spending w/ Check Writing?

Austin HughesPosted
  • Rental Property Investor
  • Lubbock, TX
  • Posts 455
  • Votes 182

Sadly, Carl .. contractors do require pay that quickly. I have a few that will float expenses but even some of the other good ones need to get paid pretty quickly.

But having a protocol is a very good idea. I like a combination of both of you guys' suggestions.

Post: How Does Everyone Track their Employee Spending w/ Check Writing?

Austin HughesPosted
  • Rental Property Investor
  • Lubbock, TX
  • Posts 455
  • Votes 182

In the past, I've had employees writing checks out of a centralized account. That got messy fast, and I've only got 4 employees. Is there a way to separate and track expenses per employee while still allowing them to write checks? Divvy.com seems like it would work well, but I don't see anything about writing checks...and that's probably our #1 form of payment. Employees pay mostly contractors, while everything else is set up digitally.

Let me know how you guys track it.

Post: New to BP, Lubbock, TX

Austin HughesPosted
  • Rental Property Investor
  • Lubbock, TX
  • Posts 455
  • Votes 182

@Kaity Cunningham there is actually NO meetup currently. The old REIA leader moved to Houston. A definite gap in the market. If I can ever get free time, I'd love to host it, but business keeps growing too fast lol.