All Forum Posts by: Jonatan Barbera

Brian Upton I have been investing in SA for a couple years and flips are not easy to find but its a great rental market. Austin is a lot better for flips but extremely expensive to get deals. Running flips "on the side" is really risky if you don't know the area. I'm originally from NY and we have a completely different expectation for contractors, here they're terrible and hard to find a good one. If you have any more questions let me know I can put you in contact with really savvy investors in Austin if you're leaning that way.

@Miles Stanley you can get all of the contracts from the TREC site. You need to find a title company you wish to close with. If you're buying off the mls then you don't need an agent other than for running comps (be careful who you ask for this most agents can't run good comps). 

Once you find the house you negotiate the terms and fill out all the necessary contracts. 

You send to title to make sure title comes back clear and they will prepare the closing. 

Now you fund and close. 

That's the quick explanation but there's a lot more that happens in between.

I recommend partnering or having a seasoned investor walk you through an actual deal. Doing this on your own could end up costing you a lot!

Let me know if you need anything. 

Calah Lopez if you're going to do a few deals and stop then yes a buyers list isn't really needed. But if you want to do many deals per month then never stop building your buyers list. Everything recommend is good just pick one and try it then move to the next. One thing I know for sure is just because you a few "buyers" that say all the right things doesn't mean they'll follow through when the time comes. Buyers come and go so don't stop getting them. To everyone that says "when you have a good deal you'll find the buyer" you might be leaving a lot of money on the table by going to the first person interested. My buyers list allows me to sell 90% deals quick.

Hello @Jessy Milner 

I don't want to be pitching but we do exactly what you're looking for. My company handles getting properties for investors. We also do turnkey ready homes where we get the house fix it, get it rented with a property manager and hand it off to you. I have a realtor, contractor and a property manager on my team. If you're interested in talking please call me

Hello @Sean Burke

Feel free to reach whenever you want. I'm always looking to help out. 

Hello @Stephanie Bureau 

I do a lot of marketing in SA and surrounding cities my recommendation is quantity. You want to make sure you send enough until the homeowner calls you to have you stop sending them.

Hand-written and type letters don't make much of a difference anymore, there are so many people sending handwritten yellow letters that yours will just blend in anyways. I do about $10K/mo and I have tested both ways and neither way was better than the other.

My one suggestion is to make sure you can answer the phone! I get most of my deals because I actually answer not because my mail piece is different.

If you have any questions feel free to reach out!

@Steve Scanlon I started where you are now, what I did and what I know do for people in your position is partnering.

I recommend looking for someone that is willing to partner with you on a deal. Look for someone with a good reputation and not a fast talker. 

You will get burned! I'm sorry but it's a right of passage just make sure they don't see you are a motivated buyer because they will use your money instead of theirs.

The great thing about being a buy and hold buyer is that you can out bid every flipper and in Dallas that works pretty good.

I focus my attention in San Antonio and because I do buy and holds I can out bid almost anyone who isn't a retail buyer. It does help knowing how to structure the deal and understand the market, which is why I STRONGLY recommend partnering.

See what kind of value you can bring a savvy investor and offer it to them in exchange for knowledge.

If you have any questions feel free to reach out!

Thanks guys!

I'm awesome at negotiating and getting any deal to make money.

I had a construction company in NY which we specialized in SFR renovations.

I can do:

-Wholesaling

-Sub-tos

-Wraps

-Flips

-Buy and Holds

-Equity Partnering

-and a lot mor

For anything else I'm sure I have the number to someone who can do it!

Short answer is YES. I am not a CPA or I can't give you specifics but check out 

http://www.corporatedirect.com/ they can set it up for you.