All Forum Posts by: Jason Mileshko

You must have very good systems and relationships in place to have never seen one property.

 No you can still wholesale deals, we do it all the time. However make sure that you work with a good RE attorney who understands this industry.

VAB is a great area to invest. However it is very seasonal here so make sure that you calculate your deals properly. If you get caught off guard in the off season you could get in trouble. 

I would say that real estate is always in season. Sure there are crashes and economic issues but if you buy intelligently then you should be fine. This means don't purchase property based on what you think that it will appreciate for in the future but rather what cashflow you can generate. Understand important metrics like debt service coverage ratio, break even ratio, etc. This will help you understand if your investment can stand up to a worst case scenario. It also helps if you have more properties because if one starts to do badly you can use the rest to carry it forward. 

Most people who do a first deal use it as their primary residence with a VA loan or FHA. This is a great way to get your first deal and you should buy something that doesn't over extend you financially. Then you can expand from here.

I hope you didn't pay for that formula course. You can learn that entire strategy online for free. Filter for subleases in property searches. Then reach out to the owner directly. 

Nice!

That's a pretty low purchase price, was that the cash invested or the price of the property?

Cashflow, Appreciation and Tax deductions.

Good job man!