All Forum Posts by: Jacob Rascon

@Dan Barli Class is as expected, erring on the side of caution is the curriculum, but not very productive for investing in rentals. I have viewed Texas as a good option, but still openly looking. 

@Will Price I'm enrolled for a basic real estate appraisal course right now. Currently, started in the Finance class. Seems limited at the moment.

Thanks @Elenis C. ill look into that book

Hello BP,

Thanks for taking the time, I had a few questions as a first-timer.

My Goal: To invest into rental properties for long-term cash flow.

I live in Cali, but after running the numbers on numerous houses here it has become obvious that this area is not necessarily ideal at the moment, never mind the other legal issues. So, I want to invest in Texas, primarily with owner financing. I have ran several single-family homes and found them to be quite ideal in terms of return using the calculators here.

My first question is;

How do you manage to work a deal with an out-of-state house?

Texas, is definitely not a quick drive for me and I would rather not have to fly every time I want to buy there. Do you have any experience or thoughts on this?

Next, is the lack of a team on my part.

I am aware there are several types of people I want to be in contact with, especially because I want to go the route of having my houses under land trusts (managed by) LLC (managed by) Living trusts. Are there commonly utilized Lawyers & Accountants that specialize in these things used by the BP community?

Thanks again

@Derek L. I primarily went to get a real estate license because I was not entirely sure where to begin in the investor's world. The courses are more repetitive and bulky, however, I am about to start a Finance and than Appraisal class so I am looking forward to those.

Hello BP, 

My name is Jacob, I live in the Los Angeles county area. I work full-time as a data specialist and I am currently in school to finish a real estate course to receive a real estate sales license and even a broker's license further on down the line. I am a first-time investor and have plans to invest outside of the state; preferably with owner financing to start. 

Thanks!