All Forum Posts by: Jacob Hinojos

@Collin S. why couldn't you just take the few thousand you were going to pay them and put it into the purchase, saving them that money, but still split 50/50? Wouldn't that effectively be the same thing, but without the danger of them running off with your money? Not sure if that's a solution, but I would love to hear what other people think.

Hey Phil, 

If you're looking for some more information about Master Lease Options, Joe Fairless has a really good podcast (Best Real Estate Investing Advice Ever), and episode 19 is all about the Master Lease Option. I'm pretty new to investing, but I recently listened to it and it seemed like it had a lot of good information and advice.

@Gregory J. thanks for the refresher on NPV. That reminds me that I need to go back and review my engineering economics textbook. I'm sure there are tons of things in there that I didn't pay attention to when I took the class but would be super helpful now! (e.g. NPV and IRR).

@Austin Hughes thanks for the advice, let me explain some things and see if you think they're reasonable. I actually have no idea where I'm going after I graduate. I would love to have that locked down and be able to research the market where I know I'll be once I graduate, but right now I don't. As soon as I figure that out (i.e. hopefully get a job offer somewhere), I do plan on researching that market. 

For now though, with the level of knowledge that I have in real estate (basically none), I feel like it would be helpful to learn the Lubbock market as best I can since I'm familiar with the city as a resident, and I live here so I'm just closer to the action. That way if I do move, I could start researching a new market and say "hey, this market is similar to Lubbock in such and such a way, and from what I learned that's a good thing" or "I learned I should capitalize on that by doing X" (I believe my level of knowledge is showing here!). For example, I asked Jordan about Lubbock markets, and learned that some cities show less of an effect during recessions, and that I should probably look into that if I'm planning to invest somewhere. 

Does that make sense, or do you think I should just focus on general REI until I'm ready to pick a market?

It's more that I'm starting out and super excited about real estate, and Lubbock is where I am, so I'm trying to learn about it. I'm not sure where I'm heading after graduation, but I could see myself investing here regardless of where I end up. 

@Jordan Sutherland thanks for the great information! That's some awesome insight for someone new to the game. 

@Austin Hughes I didn't know that about the average home price, I'd say that's pretty impressive!

Thanks for the input guys!

Thank you all for the responses! I'm excited to keep learning from the forums and jumping in now that I've introduced myself. @Jordan Sutherland with your experience in Lubbock real estate, how does this area compare to others as a real estate market? I've been looking at housing prices and comparable rentals as I've learned about rental properties, and it doesn't seem like rents are very high (granted, I'm just browsing online and not actively looking for great deals). 

Hey everyone!

My name is Jacob Hinojos, and I'm brand new to Bigger Pockets (and real estate, honestly). I'm a college student studying mechanical engineering at Texas Tech, and have started to see real estate as a great opportunity to achieve financial freedom. Right now I'm not very settled, being in college and soon to graduate, so I'm not looking to invest in the immediate future. I'm currently trying to learn what I can so I'm ready to seize an opportunity when it presents itself!

I've been reading the forums and listening to the podcast, and feel like I've already learned so much in such a short time. Thanks to everyone who goes out of their way to answer questions on here, it's so helpful for newbies like me!