All Forum Posts by: Gonz Trevino

Good luck! Many great strategies to invest in Texas! :)

Yes I believe they do some online training as well. Also I asked one of their higher ups and they told me they have a ton of resources on their website. When you become an agent they give you an account to log in and there is a giant database of training videos from top producers who have sold 100, 200 or sometimes over 500 homes in a year.

Hope that helps!

Hey Angelica! There are many in Texas. You can always consider moving to this state and selling real estate here. The market is INSANE!

Check this out:

http://ijr.com/2015/01/239402-believe-one-state-so...

Time to get on the Texas train! San Antonio has an amazing economy and is still relatively inexpensive. Houston has the backing of oil and gas industries. Dallas is just... an economic powerhouse. Austin is the fastest growing city in the US and is becoming a tech superpower. There are many phenomenal areas around here if you're not married to the idea of Illinois. :)

Good luck! 

I've been in enough Keller Williams training classes to be able to recommend them if you're wanting to take business / real estate to the next level. I have learned a ton and I'm not even a realtor myself. If you sell a certain amount with Keller Williams they stop taking commission on your sales so if you become a high level producer you start being able to keep a higher percentage of your overall commissions every time you sell more.

If all you want is to be able to buy / sell real estate and save on commissions then you probably want to find a brokerage that has a flat fee per closing as a brokerage fee instead of a %. I have seen many brokerages that charge 200-500 dollars a closing. This is especially valuable in a higher price point market. Doesn't mean it won't work in a low or mid price point market you just get the maximum value in a high price point market.

Good luck! :)

You're in a phenomenal place!

A couple of things to consider... Ultimately the bottom line is how much your payment is going to be on your 15 year mortgage and how much your payment will be on your 30 year mortgage.

Lets give a scenario where a 30 year mortgage will cash flow you 500 dollars a month and a 15 year mortgage will cash flow you 100 dollars a month. Ultimately what is greater to you, the value of the extra 400 monthly or the value of having it paid off 15 years sooner?

Keep in mind that the extra 400 a month reduces your risk (you can have a bigger savings easier) in case of a large capital expenditure (roof, AC, etc). So 30 year is less risky. 

You can also use that extra 400 a month to reinvest into more properties. In 15 years that is an extra $72,000 in your pocket. Depending on your market, but here in Texas that could easily be 2-3 down payments at 20% for rental properties. Thus the higher cash flow gets you more properties.

Also, with our inflationary dollar, the value of getting a 30 year mortgage increases. You will pay the mortgage with cheaper and cheaper dollars every year that are easier to acquire. 

Keep in mind millenials are a group of youngsters who are starting to reach the age of having families and settling down. These millenials are renting in record numbers and not buying. This means that it is likely in the next decade that rents will be increasing at a faster rate than prices of homes will. So if you leveraged that extra 72,000 over the 15 years and got yourself 3  houses that rent appreciation will mean a lot more for you in cash flow than paying it off early.

All in all every strategy is viable... however I believe if you are frugal and save your additional cash flow to reinvest you are better off with a 30 year mortgage... especially since you are young!

Best of luck!

I own a rental in Round Rock. Great market! If you go up a bit north there's some decent options in Georgetown and Killeen / Temple area and south in San Marcos, New Braunfels, and San Antonio. Good luck!

I own 5 rental properties in this area. San Antonio is phenomenal. Many of my SFR properties have been making me 300-400 dollars a month after mortgage and expenses.

I recommend looking into middle class properties right below the median household price. If you want some advice feel that to hit me up and I can give you some of the neighborhoods I've found that make good cash flow.

Good luck! You're going to LOVE San Antonio and Texas!

I have 5 rental properties in Texas and make decent money on them. Between 300-500 dollars each cash flow after expenses (both mortgage payment and maintenance / property management). I recommend looking into San Antonio and Dallas. Austin is a tad bit overpriced right now and Houston has more ebb and flow risks with the energy sector and Houston can be hit by hurricanes while the others cant. That also makes insurance pricier. 

Hope that helps! Texas is a phenomenal market and has been making me good money in investments. :)

Hey there! That is great that your family has land. That is a very valuable area. Here are a couple of places to look into some potential strategies:

- Have you investigated who owns the nearby land? If you are lucky it may be a farmer or rancher who may be interested in leasing your adjacent land and expanding their business operations. You can lease the land to them to grow crops or raise cattle.

- Have you looked at all your alternatives? It would not be very expensive to purchase a few shipping containers and make a small cabin for people to vacation to if you have some extra capital and a nice area there with good greenery. It can be marketed internationally as a vacation rental on VRBO, Homeaway, AirBnb, etc.

- RV Park, Trailer Park, Storage, and a few other rental businesses should not be too difficult to do. You can also find people who need somewhere to store big vehicles like boats and RV's.

- Can this possibly be leased out for hunting? Can this possibly be leased out for camping?

- Sell the Timber / Wood. If you play your cards right you can harvest and sell a lot of Timber.

- Do any frequented roads pass by your property? Sell billboard space!

- Can this be leased to energy companies? Solar / Wind companies may be interested. Please do research if you do this as some energy companies like Solar companies will want a 20+ year lease at times. Make sure you will not use that land for a while.

- If it is fenced you can lease it to local horse or cow owners that need a place for their cattle to graze temporarily. They will mow your acres for you and make you some money. It'll usually be a short term lease but can make you some immediate money.

- You can farm / cultivate / raise cattle yourself. Start your own business. Get creative! Get the entrepreneur bug going!

- Get it surveyed. Find out if there are any minerals you can mine. You might get lucky.

- Many landscaping and construction companies need place to store things like dirt, rocks, wood, supplies, etc. Connect with those companies and see if you can strike a business deal.

Good luck! Just some ideas off the top of my head!

San Antonio is a phenomenal market. I own 5 properties in this area and working on picking up my 6th and rent it out. It is a great market and Texas has historically performed very well even during recessions. 

Heck... you should MOVE to Texas! :D