All Forum Posts by: Austin Soros

Congratulations, looks like a very beneficial deal. Great choice in upgrades. 

When starting a new real estate project, how much seed capital do you prefer to save prior to carrying out concept, and why? Regarding the down payment, do you have a specific percentage you prefer for an unusual reason? I am seeking to broaden my perspective towards down payments and initial capital, having paid the 15-20% standard in most past deals. 

Coming into the next two years of Mr Trump's presidency, how do you think that American real estate will be affected/ adjusted? Will the rise in home prices reflect the inflation rate, or will the changes imposed by the current government force home prices to raise at a higher rate?

The past increases in Urbanization indicate Rural land will continue to go down in price. However, I have been reading a lot of articles lately about young people who want to get back to roots and take up farming. What do you think the future will hold for rural America in terms of Real Estate? Do you think the balance will eventually shift, and people will move out of cities to plant seeds instead of into cities to plant seed capital?

So it strikes me that if this were a purchase in Florida where it says you live, then there is a cooling off period when you make a purchase.  You, or the buyer should be able to walk away from the deal.  Does this sound correct?

I agree with some of the sentiment on this thread that it's not something to do starting out but if you had to go with anyone I've had a good experience with the wcap financial people.

Yeah @Account Closed that's a good call. I think give it a trial. Find someone then test them out before you go and ask them for a big seed capital investment.

I think if you save up you can start out by finding a cheap flip and just avoid the seed capital search all together. My experience has been going after sherif sales and looking through the comps until I can afford it and then doing FHA owner-occupied mortgage loan with 3.5% down and self-financed. I did that, lived in it 6 months then found a tenant after that to generate some revenue then slowly built up my business without seed capital.

I think the common perception about real estate investing is a bit dated. The classic laissez-faire approach of find some seed capital, buy a unit, rent it out, and only come and fix things when they break just doesn't seem right any more especially with the rise of services like Airbnb. I see the future of real estate investing as one where the landlord makes a unit deeply integrated in the community and location, a trendy, vibrant home that transforms it from just a boring unit to more of a community hangout spot. 

Forget adding a coat of paint to your 20-unit properties, instead focus on beating out the major apartment companies by hosting community events, hosting community service initiatives, hosting a local or high school sports game. This is the future of real estate investing in my opinion. Happy to hear you're thoughts!

Haven't found myself around many mobile/trailer homes but really curious about this market. Currently a partner at a whole sale real estate firm always exploring new options to look at. Mobile homes seem easier from a seed financing perspective to ease things for our buyers. Would love any intros to key players/groups in this area.