All Forum Posts by: Jacob LeBar

Hey Bo, either one can be a great first step with the right team. I would avoid more difficult rehabs (foundation, plumbing) but smaller margin deals like cosmetic flips are a good way to get started and learn everything that goes into flipping. As well if it's a cosmetic flip you have the opportunity to turn it into a rental and learn about managing a property. I hope this helped, if there's anything more I can help with feel free to connect!

Hey @Laura-Amira Talaat-Hamid & welcome to bigger pockets!

Austin Texas is a great market, the surrounding markets as well present a lot of opportunity for rentals or flips. San Antonio, Tampa/Sarasota, and Raleigh North Carolina area are all great markets as well. Feel free to connect if I can help in anyway!

Hey Aj, househacking a multi-family would be a great first step. If you want to get into BRRRR's or flips, hard money is a good route to go because you'll be leveraging someone else's money and funding the rehab/purchase price. With $125k of liquid capital, it might be best to look in surrounding markets with lower price points and much easier to get into homes that will use less capital to flip. Partnering can add more hurdles to jump through so try going it on your own.

I would suggest going to meetups and finding experienced investors to learn about what hurdles they had to overcome. Happy to help in anyway

Hey Floris, sending you a pm!

Killeen has the military base, Temple is a much higher income area because of medical professionals at Baylor Scott White and the VA hospital. I work with investors who buy a lot in Belle county, often when you purchase in Temple/Killeen you're buying for instant equity and cash flow.

Hey Kate, welcome to bigger pockets I have an agent that does a lot of work in the Tampa/Sarasota area with investors. Ill send you over his contact info

In the Belle county area (Killeen, Copperas cove, Temple) you'll find equity and cash flow in the Austin Metro you'll find appreciation and equity (depending on the deal). But my brokerage has sold quadplexes under 440k in Austin, so there is definitely cheaper multiplexes available. At the end of the day it comes down to what you want out of a deal. For the price of one quad in Austin you could buy two in Belle county that cash flow but won't appreciate. 

In terms of long term growth, Georgetown, round rock and Austin may be your best bet and Austin just lifted the Airbnb restriction so that may be another strategy to consider. I work in investment real estate please let me know if I can help in anyway.

Hey Ashish, there are positives to buying a non-cash flowing property, it all comes down to strategy. 1st is appreciation, certain areas like Austin fir example in the immediate city it is difficult to cash flow, but the properties value will appreciate over time. This is a long term view to investing in rental properties and a way that I've seen some of my most successful investors grow their portfolio.

Another positive is Tax benefits, even if your property does not cash flow positive, all the expenses can be deducted from your taxes, this is probably your biggest value. This can include, mortgage interest, property taxes, upkeep expenses and if it's negative cash flowing you can report it as a net loss of income.

Hey Tiffany and welcome to bigger pockets, happy to connect with you if you're looking in Austin!