All Forum Posts by: Austin Johnson

Always be honest. "it's either hell yes or its a hell no" if you're questioning if it's ok to not share. it's a hell no. 

that being said, I sorta wanna stay there now. i'm in Mid-Missouri.... might have to look you up now lol

Call me crazy but maybe try marketing your social media skills? I looked up your insta (and followed, lol) you're talented with making RE focused content. I personally have paid $75 twice now [one hour sessions] to learn how to do social media as it's a HUGE  lead gen source for organic leads. I've yet to do anything meaningful with it however because it's a ton of work. could you charge realtors looking to develop social media marketing (oh hey) a small fee for say, editing their videos into nice reels? maybe I'm unmotivated but that's something I'd use lol. 

a fear of mine is shiny object syndrome. I looked at Amazon selling and thought 'wow how cool!' and got distracted for a week or two from real estate investing. got distracted by stock options and did the same thing. I'd error on the side of caution and try to focus on how to become you end goal. I'm in the same boat as you. new realtor who got his license to help me get going in REI.

how does that conversation go with the tenant about finding a new home? do you find something the same price and continue the rental agreement? do a new agreement? 

sometimes it's that. sometimes it's the seller being in a pinch or demanding a minimal amount. there's a 13 unit here that is listed (and has been listed) at $2.1M. it's worth about $1M. the sellers need their number. hence it wont sell.

why not set up the LLC now and buy it under the LLC name?

call the county assessor's office and ask for their real estate appraiser and ask him/her.

another way to word this is "I'm looking at coloring my favorite coloring book but can't decide which color of crayon to use! help!"

Man, as long as you've done your due diligence and are indeed coloring in a coloring book and not a novel, the color doesn't matter as is 100% up to you. this is why REI is SO fascinating. look at all the colors and eliminate the ones you don't like then see what's left.

"Also, the house’s title/deed is under my Uncle’s name so I’m not sure if that affects anything"

so it's your uncle's house?

everything Will just said is spot on. I wanted to throw a comment in, when you're looking at their T12 notice if they have insurance, lol. I was showing an 11 unit the other day and the numbers seemed good. Then I noticed the seller doesn't pay for insurance. maximize cash flow I guess! needless to say this changed the real cap rate.

Across the country? man, that really is out of state! first thing I would do is contact an investor's agent locally where you want to buy. they will be able to provide insight to the market, rents and be a center piece to connections you may need moving forward.