All Forum Posts by: Jonatan Barbera

So LLCs have to sides to them asset protection and tax benefits depending on how they're structured. The only reason I know people set up those WY/NV LLCs is for more anonymity. If you plan to buy flips and acquire rentals, then I don't see why you would go through the headaches. I own 14 rentals and run multiple flips at a time, and all of my LLCs are in Texas.

Please keep in mind this is my opinion and not legal advice.

@Jason Tougas it’s my pleasure! I had very little help when I started and it was very difficult. So I’m trying to do everything I can to share what I’ve learned.

@Charlie Chres that’s difficult to say. It depends on you and your resources.

Personally I like houses built after 1980 and ARV between $170K - $220K.

Shoot me a PM and tell me you’re looking for.

Hello @Karissa Martin it's not that difficult to find properties cash flowing more than $150/month in SA if you're putting 20-25% down. I own 11 rentals in SA, and one in Seguin. 4 of them were picked up this year.

I would NOT recommend you jumping into a property that needs too much in rehabs because managing contractors is not an easy task.

Never invest for appreciation because that's not guaranteed.

Be careful with buying from wholesalers, many of them do NOT understand what a deal even looks like, and they're selling it for top dollar.

Maybe an issue you're having is the way you're analyzing properties. Maybe it's $150/mo with you being VERY conservative with all of your numbers. Nothing wrong with this but it will keep you out of a lot of properties.

I love the SA market and don't see it slowing down anytime soon, let alone take a downturn. Downturns happen when the market is overstretched. We're FAR from that.

SA is by far one of the most affordable markets in Texas, and its proximity to Austin makes it very desirable for people that do not want to spend a small fortune.

Here are my questions to help you better:

What are you factoring for your expenses from Gross cash flow?

How are you trying to find deals?

What price points are you targeting?

Do you have a preferred area of town?

FYI, I am NOT a wholesaler. I will simply share with you how I pick up my properties.

Feel free to DM too.

@Shawn Questa Sometimes, having too many options can be overwhelming...

I started as a wholesaler back in 2013, and now I flip, build, and have my own rentals. The way I did was to NOT partner with wholesalers but rather the people you want to become like. 

Focus on areas where you would be building houses. 

Rehabs and new builds at a distance will be VERY difficult. 

So if you're going to be moving anywhere, move somewhere you would invest in.

When you have selected this market, then find Flippers or builders that are doing decent volume.

Partner with them by offering to run their marketing and generate deals.

You will learn so much from this.

Let me know if you have any questions.

@Monica C. While San Antonio is a great place for rentals it’s gotten much harder to find. You have start doing your own marketing. That being said foreclosures doesn’t make sense. We probably won’t see foreclosures really coming back till 2022.

Also, consider that you might have to leave some money tied up using BRRRR just to make sure you can have good equity for a decent loan.

Be careful who you partner with and buy from. Always run YOUR numbers don’t trust theirs.

Lastly, there’s no such thing as an “investor friendly” anything. You have to people that are good at what they do. Period.

I hope this helps and feel free to ask me anything.

Good luck!

When are you thinking of starting it?

@Danielle Alexander the best way to find a REAL mentor is to look LOCALLY for someone who has real success in real estate. Then offer them your time in exchange for knowledge.

Most investors always need help finding more deals. They’ll teach you marketing, negotiation, and even pay for the marketing too!

Definitely DONT pay for some out of state “mentor”. Always learn from someone locally.

Let me know if you have other questions.

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@Philip Gephardt you got it man. Good luck.