All Forum Posts by: Jeremy Jackson

Great feedback everyone.  I'm definitely soaking in lots of info everyday.  Im also more interested in the route that has more relative info. 

 I can get a bachelors with little money out of pocket through my va benefits.  That would probably take me 2 yrs with my current work schedule.

I could take the required courses and have my realtors license within a month or 2. 

Average cost in Tx is about $400.

Ultimately, I'd like to do both.  Makes sense to get my license first, then continue with my studies.  

Im pursuing a bachelors in business management.  Just started.  I'm contemplating getting my license instead.  I'll be retired from my first career in 3 yrs. Which route will I benefit from as a real estate investor?

04 Dodge 2500 diesel. 21 mpg (great for a truck).  I plan on owning it til it falls apart.  134k miles on it. 5.9 cummins will move a house!  

He is in the process of evicting current tenant.  I believe I'm going to pass this on to a friend who loves these type of properties.  Thanks for the reality check. :)

I've found a low income property and I'm discussing owner finance with the current owner. 

The property currently has a tenant but is being evicted.  He was paying $500/ month on a rent to own term.  The house sold for $31k in 2007 and $24k in 2012 (that was the rent to own price to current tenant).

Inside of home is fairly updated with newer ac and roof.  Outside needs some finishing such as window caulk, paint and a few trim pieces.

I haven't found any rent info but I'm guessing $400ish / month potential.

Owner is offering the house for $18k.  Will finance with $3k down, 2.5% interest on $15k. Taxes are $800/yr. Insurance is $78/ month.

I have not physically seen the property, but have looked at photos.  Owner is an investor that moved out of the area.  What else do I need to consider?  How does the taxes and insurance work on an owner finance deal?  Does he continue to carry taxes and insurance and is everything transferred to me?  Any feedback is appreciated.

@Kyle H. The interest is low but it would free up $400 a month personal cash flow.  I'd have a hard time finding a turn key rental that would have that kind of cash flow. 

I would love to find a duplex or multi family that we could live in comfortably for a year or two, but I'm not having any luck.  If I could find suitable for my family, I would consider it. 

@Ryan Arth  Perfect timing.....we've looked at so many houses and haven't found the right one!  Still searching.  

As of right now We're sticking with plan A......pay off some debt while we're looking for our next live in flip.  

I'm seeing sales prices continue to drop in Central Texas. Lots of inventory and the new construction builders are still going.  Average DOM, 120.  Rentals are hot!

I have very little credit card debt.  3k that I'm paying off with my tax return.  The 20k was going to be used to pay off a 1.9% vehicle loan.  So not high interest at all. 

@Ryan Arth