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All Forum Posts by: Gregory Tran

Gregory Tran has started 2 posts and replied 65 times.

Post: New REI Flipper in Austin!

Gregory TranPosted
  • Involved In Real Estate
  • Austin, TX
  • Posts 65
  • Votes 9

I second Guy's advice about the meetups - I've learned a lot from the groups here in Austin.

Post: Partnership question for investment deal in Austin, TX

Gregory TranPosted
  • Involved In Real Estate
  • Austin, TX
  • Posts 65
  • Votes 9

Call me paranoid, but I would consult a lawyer.

Post: Newbie From Austin Texas

Gregory TranPosted
  • Involved In Real Estate
  • Austin, TX
  • Posts 65
  • Votes 9

Welcome @Sonia Roberts !  I'm at agent here too and always looking to learn more :)

Post: Newbie in Central Texas

Gregory TranPosted
  • Involved In Real Estate
  • Austin, TX
  • Posts 65
  • Votes 9

Welcome @Jim Robertson.  I'm in Austin and loving it.  This is a great site, and any time you have a question someone will be here to answer!

Post: Do You Consider Staging Furniture/Decorations a Capital Investment?

Gregory TranPosted
  • Involved In Real Estate
  • Austin, TX
  • Posts 65
  • Votes 9
Maybe a marketing expense? I'm not an accountant. Doesn't making it a capital improvement mean it's permanent and depreciate-able?

Post: Texas SFH - expected cash flow with high taxes?

Gregory TranPosted
  • Involved In Real Estate
  • Austin, TX
  • Posts 65
  • Votes 9

@John Gossett It is definitely difficult to find deals on the MLS here. That doesn't mean there aren't any though.

It would be hard for you to find a lot of equity + good cash flow as well.

I don't know what you mean by "target offers".  Are you saying to know how much to offer for a property?  You can just plug into a spreadsheet everything like mortgage payments, taxes, insurance, etc vs expected rent and you'll see how much yield you'll get depending on how much you pay for a house.  If it works, buy it!

Post: Ready to put the rat race where it belongs. Behind me!

Gregory TranPosted
  • Involved In Real Estate
  • Austin, TX
  • Posts 65
  • Votes 9

@Cameron Vigil Of course - happy to help.

Post: Ready to put the rat race where it belongs. Behind me!

Gregory TranPosted
  • Involved In Real Estate
  • Austin, TX
  • Posts 65
  • Votes 9

Hi Cameron,

Welcome to the forums!

For me it would depend on the spread between what an investment would make me and what you're paying for the loans.

i.e. if you are paying 2% on the student loans but making 8% on the investment, I'd invest and keep the difference

Post: Part Time success Stories.

Gregory TranPosted
  • Involved In Real Estate
  • Austin, TX
  • Posts 65
  • Votes 9

You can do part time, but making money is all about lead gen.  That either takes time i.e. door knocking, networking, etc, or money i.e. marketing.

Post: How to partner with a builder/contractor on a rehab

Gregory TranPosted
  • Involved In Real Estate
  • Austin, TX
  • Posts 65
  • Votes 9

@Curt Davis I'm definitely leaning that way now.  Finding the rehabber sounds like the tough part.

@Jassem A. I'd rather pay someone than have to be there to keep track of time etc.  That's what the GC is supposed to do right?