All Forum Posts by: Jason Sousa

I am just starting to look at properties in Texas and putting together a team to work together. I am looking for a house inspector who goes into every tiny details that need attention and uses a good reporting tool to look at the issues. Can you please share contacts who operate in Austin or San Antonio?

I have a bunch I work with. Please message me and Ill share their contact info.

0 Votes

Austin, Texas

Quote from @Antonio Harmon:

Quote from @Jason Sousa:

I work for KW and we belive in MODELS & SYSTEMS.

The Core Strategy: "Think long-term, buy and hold, and focus on cash flow."

Key Principles:

Mindset and Goals:
- Think Long-Term: Real estate is a long term play in most cases
- Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.
Finding the Right Property:
- Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.
- Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).
- Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.
Financing:
- Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.
- Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.
- Consider Creative Financing: Explore options like seller financing or partnerships.
Building Your Team:
- Real Estate Agent: Find an experienced agent who specializes in investment properties.
- Property Manager: Consider hiring a property manager to handle day-to-day operations.
- Accountant: An accountant can help you with tax planning and financial management.
- Attorney: Consult an attorney for legal advice and contract reviews.
Managing Your Investment:
- Maintain the Property: Keep your property in good condition to attract and retain quality tenants.
- Screen Tenants Carefully: Conduct thorough background checks on potential tenants.
- Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.

Example Action Steps:

Set Your Goals: Define your financial goals and how real estate will help you achieve them.
Educate Yourself: Read books and articles about real estate investing. Attend seminars or workshops.
Build Your Team: Start networking and finding the right professionals to support you.
Start Looking: Look for properties that fit your criteria and financial capabilities.
Make an Offer: When you find the right property, make a fair offer and negotiate the terms.
Close the Deal: Once you've reached an agreement, complete the necessary paperwork and close the deal.
Manage Your Investment: Maintain the property, screen tenants, and review your finances regularly.

Make sure you have your criteria down, then financing and property selection is Easy!

Hi Jason,

I just wanted to take a moment to thank you for sharing your strategy on fix and flips. Your insights were incredibly helpful and have given me a new perspective on the process.

I appreciate the time you took to explain your approach, and I’m excited to apply some of your tips to my own investments.

Thanks again for being so generous with your knowledge!

Best,

Tone

No worries, If you are ever looking at the Austin area, right now, I have new construction that will get you $397 a month in cash flow and a 9% COC return at just 20% down on a 210k purchase.

0 Votes

Austin, Texas

I work for KW and we belive in MODELS & SYSTEMS.

The Core Strategy: "Think long-term, buy and hold, and focus on cash flow."

Key Principles:

Mindset and Goals:
- Think Long-Term: Real estate is a long term play in most cases
- Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.
Finding the Right Property:
- Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.
- Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).
- Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.
Financing:
- Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.
- Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.
- Consider Creative Financing: Explore options like seller financing or partnerships.
Building Your Team:
- Real Estate Agent: Find an experienced agent who specializes in investment properties.
- Property Manager: Consider hiring a property manager to handle day-to-day operations.
- Accountant: An accountant can help you with tax planning and financial management.
- Attorney: Consult an attorney for legal advice and contract reviews.
Managing Your Investment:
- Maintain the Property: Keep your property in good condition to attract and retain quality tenants.
- Screen Tenants Carefully: Conduct thorough background checks on potential tenants.
- Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.

Example Action Steps:

Set Your Goals: Define your financial goals and how real estate will help you achieve them.
Educate Yourself: Read books and articles about real estate investing. Attend seminars or workshops.
Build Your Team: Start networking and finding the right professionals to support you.
Start Looking: Look for properties that fit your criteria and financial capabilities.
Make an Offer: When you find the right property, make a fair offer and negotiate the terms.
Close the Deal: Once you've reached an agreement, complete the necessary paperwork and close the deal.
Manage Your Investment: Maintain the property, screen tenants, and review your finances regularly.

Make sure you have your criteria down, then financing and property selection is Easy!

2 Votes

Austin, Texas

Send me the packet please

0 Votes

Austin, Texas

Do you mean seller financing?

0 Votes

Austin, Texas

northwestagents.com does a great job for me.

0 Votes

Austin, Texas

Cold calling

1 Vote

Austin, Texas

I agree, Lennar and David Weekly are giving away homes.

0 Votes

Austin, Texas

Quote from @Ryan Tin:

I see, that makes sense, likely need more details to make a decision. I appreciate the reply!

You're welcome. A good tenant will always be a good tenant if you are fair and communicate with them. However a blank slate on a deal is always nice in my opinion.

0 Votes

Austin, Texas

Quote from @Ryan Tin:

Hi BP BRRRR community,

I just wanted to get some insight into other investors' POVs. When investing in an off-market deal, is it better to purchase properties vacant or is it still a good idea to purchase a property even with paying tenants inside of it?

Example: If I wanted to assign a property to another investor, would I want to try and get the tenant out of the property or should I just keep the tenant inside and just try to reduce the price?

Thanks!

What type of tenant are you dealing with? Month to month? Long term? Good history? Bad History? A tenant in place can be a good or bad thing......depending on the tenant.

2 Votes

Austin, Texas

All Forum Posts by: Jason Sousa

Jason Sousa has started 5 posts and replied 87 times.

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