All Forum Posts by: Austin Johnson

I falsely understood your vision as "I'm going to buy a lake house as my personal residence but its ok because ill also STR it on the weekends". I was wrong, I apologize!

I can't give you the answer. that sounds horrible but its the truth. Real estate is so massive that every person will have their preferred method. that being said, here's my preferred method. 
syndications. invite as a passive investor and watch the cashflow come in. this also allows you to leverage large multifamily deals and not worry about finding the deal, finding the investors, etc. plus you can get tax write offs.
I would absolutely buy a house and lake house outside the investment strategy. that goes back to a Rich Dad Poor Dad philosophy. never buy liabilities before you buy an asset to pay for it. 

lets pretend you cant invest in a syndication. man, I would look into house flipping now. learn and MASTER that process. create a business of it. grow it. take the cashflow from the business and buy your house, your lake house, etc. or put an extra step and invest in a syndication, lol.  any means necessary to create cash flow without having to work.  

call the county assessor's office and ask to speak with the mapper.

hey, fellow missourian!
it looks like you're running 5 ways all at once. the best advice I can give is getting crystal clear on what the end goal is. then find one avenue and go all in on that one avenue. buying 5+ units is one avenue. buying a primary residence isnt an investment, buying a lake house STR is another avenue. flipping a house is yet another avenue. land!
the only thing i would do with a 3% down is house hack (a duplex,tri plex or four plex) or live in flip. I personally wouldnt use the 3% and excuse of STR as a reason to purchase a lake house.

Andy Frisella's Real AF (listen to the Q&AF episodes, only listen to CTI if you want a laugh or to get upset at the world)
Ed Mylett's show.
I started Gary V's audio experience yesterday.
outside that I listen to CBRE's Weekly Take on commercial real estate. 

@Scott Mac  so did you end up trying to buy the place?

I want a course on building personal brand... not a course teaching me how to invest in SFH. I'm well aware of that.

Does any one have any experience with Ryan Serhant's courses? I see his Building your Personal Brand course is 50% off right now and I was eyeing it. anyone has any comments or concerns?

the operating agreements we can share on here  are as useless. you do NOT want to use a run of the mill operating agreement. contact an attorney and get one made for you. 
here are the attorneys I use for syndication. give them a call, they can at very least guide you to make a good decision moving forward and give your options. https://www.bootstraplegal.com...

you're gonna call me crazy. go here https://www.biggerpockets.com/...

click the top lender, jump on a phone call with them and ask them what you need for a loan. then ask them to email the information to you. 
a lender is the first step. once you have all the information together to please a lender, the rest is relatively easy. 

Welcome to the wonderful world of Real Estate investing. what type of investing interests you?