All Forum Posts by: Ross Schneider

@Hiro Kakeda 

There are many great places in Texas to invest.  Most people might say just pick a city.  DFW is a great market.  I don't think you can go wrong with any other major city either.  San Antonio is huge for military, both active and retired.  Austin is just exploding.  Demand down there is incredible.  Houston is another great market.  Lots of people moving there for the oil/gas industry.  There are places in West Texas as well that are huge, such as Midland/Odessa.  Plenty of people looking to live out there (not sure what the market is like though).  With the amount of people flocking to work in the state, it's hard to go wrong.  I specialize in the DFW area and I absolutely love it.  Feel free to message me with any more questions and hope you decided to come to Texas! 

I am fixing to purchase a few section 8 properties from a landlord in Texas. Is there any paper work that I have to fill out in order for me to receive rent? Or does it transfer automatically through the deed and title?

Ross

I know there are a few companies who you can pay to make and send out the flyers. Does any one have suggestions about companies they have used in the past that have produced results? I know it can be crap shoot sometimes. Any advice would help! Thank you.

-Ross

[url]http://finance.yahoo.com/news/foreclosure-related-homes-still-driving-142837389.html

Marc,

As of right now I believe the SFR REIT's are in the works. Banks will be picking up plenty next year. The cashflow is just too good to pass up. IPO's will be starting as soon as they get going. It might take a few months but they will have great returns as long as rental markets stay hot, which they will.

http://www.marketwatch.com/story/single-family-homes-are-hot-investments-2012-11-01?pagenumber=1

If you develop your own spreadsheets in excel, a great one is PDF Experts as well. If you are working with an investor, you make a sheet that can calculate your rehab costs. You can put in fields for just about anything and show an investor how much it will cost to rehab what. It is very useful and has helped me sell many houses!

It depends, are you a licensed real estate agent?

WIth appreciating assets, you want to buy as much as you can so use someone else's money. With assets that depreciate, use your own money. Some say leveraging is bad and some say it is good. Hard money is a good way to help leverage. I have had plenty of investors use HM for rental properties because they were able to buy more of them, at a much lower interest rate than you would pay for using HM to flip a house. It really depends on what you are comfortable with, and how risk averse you are. I wish you the best of luck, Lou!

Daniel,

Like most people have said, debt can sometimes be your friend. Finding private lenders is always a good way to get money without having to go through large banks. With private money, the people lending to you sometimes keep the interest much lower on a short term note than a bank would. After you buy and fix the house, you just pay back the lender the money you borrowed plus interest and you are able to keep the rest of the earnings. When they see that you gave them their money back, plus a little extra, most lenders will want you to take their money and go invest in more and more properties until they have more money they know what to do with and so do you.

Ross