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All Forum Posts by: Jason Faust

Jason Faust has started 1 posts and replied 4 times.

Post: looking to buy second property

Jason FaustPosted
  • Posts 4
  • Votes 0

@brian gerlach I am doing one year brrrr off FHA loans in modesto, I am looking into a property right now to brrrr again but since one year at a time is way to long for me and I have money in the bank I want to scale somewhere cheaper that I can make a better cap rate. And pay them down super fast while I'm making 150k a year. I only want to work maybe 5 more years.

Post: looking to buy second property

Jason FaustPosted
  • Posts 4
  • Votes 0
Originally posted by @Alyssa Dyer:

@Jason Faust I imagine it wouldn't be too tough to find something cash flowing in Tulsa. I'm OKC focused and here you can find 8% cap rates pretty easily if you're working with the right people. Happy to answer questions in OKC, but if Tulsa is your goal I do think it's doable!  Can u put me with the right people to make those type of returns.  I am ready to get started right away, can we call or email. 

Post: looking to buy second property

Jason FaustPosted
  • Posts 4
  • Votes 0

thank you @Leo Kingston  ill try that number shortly. i need all the help i can get, i appreciate it.  

Post: looking to buy second property

Jason FaustPosted
  • Posts 4
  • Votes 0

I bought my first house a year ago (modesto california) and i fixed up main house then turned the garage into its own property and i am cash flowing over 1000 a month now. i have around 30k saved up and i am looking into getting my second property. california is too much to put %20 down for a investment.  if tesla goes to tulsa i want to make tulsa my out of state area to attack but i dont know the area that well. Is this the market to be going into right now even if tesla doesnt go there?  what other area is a good one and would anyone be willing to take me under there wing for a deal or two, i can pay a little extra to sweeten the deal if needed. Help guide me bigger pockets.