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All Forum Posts by: Hamp Lee III

Hamp Lee III has started 11 posts and replied 1204 times.

Post: New Braunfels Deal - Yay or Nay?

Hamp Lee IIIPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 1,323
  • Votes 824

Welcome to BiggerPockets!

You can check out sites like City-Data to gather more information: http://www.city-data.com/city/...

The best you can do is make a great decision today with projections for tomorrow. What happens tomorrow can always change, but you make the best decision you can today to help you for tomorrow.

If you have any questions, please don't hesitate to contact me.

I wish you all the best.

Post: Starting a Lead Generation/Wholesaling Side-Hustle on Oahu

Hamp Lee IIIPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 1,323
  • Votes 824

Welcome to BiggerPockets!

I'm active duty Air Force and spent a few years at Hickam...loved it!

There may be a couple of options based on market availability.

1. Use your VA loan for a multifamily/house hack. Again, I know prices are a lot higher there.

2. If you're going to be there for a while, consider getting your real estate license. With homes at $800K, a 3% commission will give you $24K gross. Sell a couple of homes in a year, and you're off to the races.

I hope this helps.

I wish you all the best.

Post: STRs or LTRs in the Rio Grande Texas.

Hamp Lee IIIPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 1,323
  • Votes 824

I recommend starting local and moving out. There are opportunities, but what's important is knowing your niche (e.g., STR, MTR, LTR, etc.) and running your numbers.

Check out the following to help you get started:

1️⃣ Download this ultimate beginner’s guide: https://assets2.biggerpockets.com/uploads/user_file/file_object/1694/UBG_2018.pdf

2️⃣ Read BP beginner books on investing: https://store.biggerpockets.co...

Also, read Rich Dad, Poor Dad by Robert Kiyosaki and Think and Grow Rich by Napoleon Hill

3️⃣ Subscribe to BP podcasts or YouTube channel and watch their webinars.

4️⃣ Ask questions here on the forums.

5️⃣ Visit (join) a local (and legit) real estate investment association.

6️⃣ Consider joining a BP bootcamp: https://www.biggerpockets.com/blog/real-estate-investing-bootcamps

Feel free to contact me if you have additional questions.

I wish you all the best in your investing journey!

Post: Newbie to real estate Investing, Looking at House Hacking to get started

Hamp Lee IIIPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 1,323
  • Votes 824

Check out the Neighborhood Assistance Corporation of America (NACA) loan program.

NACA was formed in 1988 and provides an affordable option for potential first-time buyers:

✅ No down payment

✅ No closing costs or fees

✅ No mortgage insurance

✅ No consideration of credit score

✅ Below market fixed interest rate

There are several requirements to be eligible, starting with attending one of their workshops.

https://www.naca.com

I wish you all the best.

Post: New Member, Hungry to Learn!

Hamp Lee IIIPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 1,323
  • Votes 824

Welcome to BiggerPockets!

I recommend looking into using your VA loan benefit and moving out of military housing.

I'm active duty Air Force and PCSed last year. I've maxed out my VA loan benefit with three active loans now.

Let me know if you ever want to discuss how you can do the same.

I wish you all the best. 

Post: Seeking Guidance as a Beginner with a Technological Entrepreneurship Background

Hamp Lee IIIPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 1,323
  • Votes 824

Maybe you can use your background to inform investors about specific markets around the country. There are plenty of posts here that ask about which markets to invest in. It would be great to click a button, and investors have that information (and more) at their fingertips.

Just one thought...

I wish you all the best. 

Post: Military House Hacking?

Hamp Lee IIIPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 1,323
  • Votes 824

Welcome to BiggerPockets!

If no one responds, you can click the “Find An Agent” link above.

If all else fails, I can connect you with a local agent.

I’m active duty Air Force as well…😉

I wish you all the best.

Post: Don't rush to accept counteroffers

Hamp Lee IIIPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 1,323
  • Votes 824

Great info! Thanks for sharing.

Post: New Rental but Don't have Tenants contact information.

Hamp Lee IIIPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 1,323
  • Votes 824

Congrats on taking action!

I wish you all the best.

Post: Is Dallas OR Texas Area a Good Market?

Hamp Lee IIIPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 1,323
  • Votes 824

I recommend starting local first to see what opportunities exist.

Start small, but take action.

I wish you all the best as you get started.