All Forum Posts by: Jake Landry

Elizabeth, do you mind sharing what you charge for them to get out of the lease? My situation lends itself to being safer with year leases (I was even considering trying for 24 month lease) but providing a solution to the a tenant that may need to get out early for unforeseen reasons could be a good marketing when looking for new tenants.

 Are you saying you can or are you asking if you can?

Thanks Jim. I look forward to meeting you there. 

Jake

Brian, I see your pretty new to the site. I am too but I have spent a lot of time here and this site is awesome. Type in analyzing comps in the top right search bar and just start reading. There are a lot of resources available right here on BiggerPockets and like Assaf_Furman suggested one, you will find several to choose from. Good luck. Let's is know what you find. 

Jake

Welcome! I'm new here too and love it. One of the things I have learned about real estate investing is that it's never too late to start. Understanding SEO gives you a huge advantage since there is so much success to be had that revolves around online marketing. Best of luck. 

Jake

Another small piece of advice I would like to give coming from a background on residential construction is add 20% to your construction budget and you might not go over what ever your estimating. I started out in the custom home building business 15 years ago and have worked in various rolls in the residential construction industry and 20% seems like the magic number that most people go over budget by and that's when they swear they had thought of everything. Sometimes my 2 cents ends up being worth about 1 but it is always good to run numbers conservatively. I'm in Austin and travel to Houston quite often. I have been thinking of investing in a rental home there. Do you have any good recommendations of areas to look into? Good luck with your REI future!!

Best,

Jake

I've been wondering what the possible end of the oil boom in Texas would do to our real estate values. A couple things that come to mind are 1) The labor force for construction will probably replenish since there are so many oil field workers that will be looking for jobs. 2) If any of the oils field workers saved any of the boat loads of money they made, will they be buying homes or driving the rental market up? I know they have driven up the market for travel trailers resulting in many new RV parks and dealerships that have popped up all over the place. I would imagine this is going to have some sort of effect on the housing market if it does indeed end. With the supply of oil being at its highest and the demand being low, the oil boom may be ending. What do y'all think?

Best,

Jake

On a side note, would you mind sharing what kind of drip campaigns you have found successful and run well on auto pilot? 

Thanks

Jake Landry 

If you travel quite a bit, the pod cast are great ways to learn. I live in Austin and drive back and forth to DFW quite a bit so I really enjoy listening to different pod cast. I recently signed up for key word alerts and its great but be very selective because your inbox can fill up quickly. This site is truly all about givers gain. I have already learned so much here and it's opened my eyes to new possibilities. 

Jim, I'd like to attend. What is coffee talk? 

Thanks,

Jake