All Forum Posts by: Mark Sewell

Lease Options are not really used much here in TX.
https://www.lonestarlandlaw.co...

Check out Scott Horne and/or Grant Kemp.  Grant runs a series called Grant Teach Me Something on Propelio on YT.  You should go through that first.

If you are just trying to find renters, you should be putting it on FB marketplace.

Two things you might try.

1.  Use same ads but lead gen forms on FB.  FB likes keeping users on FB for some reason.

2.  Keep running traffic to your site and then retarget them later, using social proof ads.  Testimonials or walk-thru visits at a project you have done.  If you don't have that, then use something else. 

Also, this is not really a third thing, but consider using video content in your ads on FB.  This lends itself to retargetting later, and it is pretty low cost.

Yeah I was also looking into that. I know that @Chris Hopper does some section 8 houses, not sure what size.

Thanks Diego. I think I may have listened to your show, in fact. Thanks for reaching out. Sameer, you strike me as a life coach of some flavor. Good luck with your endeavors, whatever they might be.

And be careful in Bear Creek - it floods way more often, even during a good rain.

Well sure, some will say there have been some successes - high dollar flips, etc..  But many of these flooded houses became rentals, and for those clearly it is too early to say, isn't it?  We haven't had our next massive flooding event hit yet. 

Hey great stuff here - thanks for all the thoughtful responses.

Originally posted by @Matthew Kresky:

@Roland Brown thank you very much for the insight. I am looking to BRRRR so I might need to consider other locations. Recently applied for the remote workers 10k bonus to move to Tulsa, OK so we will see how that goes. Plus, I think being from California just about all of Texas would have a strong dislike for me.

I hate that you would think that. I find Texas very welcoming (I am also from the left coast). OK won't be radically different than Texas in most respects - maybe just a tad cheaper, but not much.

So my oldest kid finished college in May, got some random job somewhere, and lives and works in Austin somewhere. She doesn't earn a ton, but she wisely moved in with some lady and rents a room in a house. Pretty sure she's paycheck to paycheck, but most of America is - not faulting the kid for that. She has said that she would like to find a way to buy a house - the implication being that maybe Daddy will help her (he won't). But then I got to thinking - maybe she could get to a point where she could qualify for something reasonable, maybe not in Austin but somewhere in the sticks outside of town. And she could house-hack. I can explain to her that she needs to be the lady renting the rooms out to other kids, not the kid renting the rooms from others. I will probably go see her in a few weeks, just to have lunch and visit. Figured I would drop off my copy of 'Set for Life' by one Mr. Scott Trench (anybody heard of that guy?) and just make a very strong suggestion to her that she really needs to read it. She'll need to figure out some way to save and get some reserves if she ever plans to qualify for a mortgage. Then what? Maybe she should learn to network with others that are into house hacking in the area? I keep thinking if I tell her, then whatever - it's background noise basically - but if some 27 year old tells her, then it will carry so much more weight. If my Austin friends have some good REI meetups that they might recommend for a young person just starting out, looking for house-hack, then by all means, please chime in. This thread is as much about talking to grown up kids about money (or anything else) as it is about house-hacking, so looking forward to useful and insightful responses.