All Forum Posts by: Hamp Lee III

@Hamp Lee III yes I am! Did you take online classes? I learn best in person so I am waiting til I get back to texas so I can get into an in person class. Right now I am just creating lead/referal gen models as well as reading through TRELA and any free study guides i can get my hands on!

I went online with The Real Estate Business School: https://www.buildmyrebusiness....

They were running a special on Groupon for less than $300.

Initially, I wanted to take in-person classes, but 180 hours would have been tough with their scheduling.

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Dallas, Texas

Welcome to BP!

Are you studying for your real estate license?

I’m active duty and got my license in 1.5 months. I took leave every Thursday and Friday during that time.

I wish you all the best.

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Dallas, Texas

Welcome from San Antonio!

I look forward to reading about your stories, wisdom, and experiences.

I wish you all the best!

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Los Angeles County, California

Let’s stay connected! I’ll keep you posted on our upcoming project!

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San Antonio, Texas

I think the book will give you a great foundation to start from. Then as prices shift, so can your estimates.

I wish you all the best!

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Quote from @John McKee:

I believe in active partners. 3 seems to have worked for me in the past. If you have too many passive partners then you have to register with sec and then manage all those investors which seems like a big headache to me.

Thanks. I’ve been thinking of four max, but this is good to know.

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Quote from @Lara White:

@Hamp Lee III Love it! Where are you stationed currently? You are putting in some hours if you are still active and doing real estate!

I’m stationed at JBSA Randolph…and yes, I’m putting in a lot of hours. Plus, I pastor a church…so you can say I have a lot of irons in the fire. Whew! 😉🤣

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Welcome to BP!

Have you thought about starting out with a SFR using your VA loan? It would be a great way to get started. You could even rent out the other rooms.

VA loan benefits:

The VA home loan is one of the greatest entitlements for servicemembers, veterans, and eligible surviving spouses. I have personally used the VA loan three times with two of the properties currently being used as rentals at my previous duty assignment.

Benefits of the VA home loan include:

✅ No down payment required from the VA

✅ Competitively low interest rates

✅ Limited closing costs

✅ No private mortgage insurance

✅ The VA home loan is a lifetime benefit that can be used multiple times.

I know this doesn’t answer your direct question, but I wanted to share a little info on this great benefit.

I wish you all the best!

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Welcome to BP!

There are a couple of ways you can accomplish this:

1. Purchase another primary residence and move into it. Doing this, you can use an FHA loan (3.5%) down. Then you can rent out your current home or turn it into a short-term rental.

2. Joint venture. You can enter into a joint venture with another partner (or partners) to fix and flip a property. I'm about to do this myself with three other people. I want to help others get started in real estate that may not have a lot of capital to start.

...these are just a couple ways, but there are many, many, many ways to grow in real estate.

If you have any questions, please feel free to reach out.

I wish you all the best.

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Fort Worth, Texas

Welcome to BP!

I wish you all the best in your investing journey!

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All Forum Posts by: Hamp Lee III

Hamp Lee III has started 10 posts and replied 1164 times.

Post: Extremely driven and looking for a mentor!!

Post: Extremely driven and looking for a mentor!!

Post: New to BP Chatroom!

Post: Hi to all of San Antonio Investors!

Post: Growing Rehab Knowledge

Post: Maximum Number of Joint Venture Partners

Post: First Joint Venture!

Post: Master Lease Option

Post: Beginning our journey into Real Estate Investing

Post: Experienced Investor - BP Newbie