All Forum Posts by: Samuel Ksiazkieicz

Hi, I have 6 fully rented quadplexs in Corpus Christi for sale for 1.2 million, slightly negotiable.
These rent for over 15k a month, great cash flow and have a cap rate of 11.51. Property management is in place and only costs 580 a month.
Simple turn key operation to make you big money
Corpus is the Texas vacation spot and has a strong real estate market.
For more information, rent rolls, pictures, expenses etc, contact me asap

Herbster, I appreciate it, I actually saw it right when you put it up and checked it out. They definitiely do, do lease options. Strange that the vassst majority of articles, blogs etc I have found say they are not illegal per se but essentially they are. Must just be having the proper legalese.
Thank yall for your answers

hahaha and you are obviously too

Thanks man, I will check with him

I have read the bill on lease options in TX and read what a lot (most) investors online say, which is that they are basically illegal. However one investor I work with here in South TX uses them all the time and says dont worry about it.
What is the deal? Are they legal, illegal, in the gray/grey(whats the difference?) area
Thanks

Are you there Daniel? Ive got a few different quadplexs available, send me a message so we can meet up

Thanks for the responses Gents, I appreciate all your input. I made this post because I am looking for advice on beginning my REI career. I was planning on going right in and purchasing a nice 3/2 or 3/3 home between 150-200 but then reading, lot of people recommended starting basic i.e. birddogging or wholesaling. Any thoughts as I wont be able to give this a ton of my time depending on my schedule.

Jim
haha my time can go from being very limited to free time, it all depends on luck, randomness, weather, Uncle Sam etc, so unfortunately I cannot make a real schedule at this time. Once school is done, little over a year, then I will have a normal schedule but not right now. That said, I want to work hard and get into real estate in some manner NOW, Im trying to bone up on bird dogging as that seems flexible and simple for someone with no experience. I havent explored any other financing because I have no experience in this type of investing and wasnt sure it was the wisest choice to just jump straight into landlording, but maybe it is, go big or go home eh?

Hi, I just moved to Corpus and have not been able to find any REIA type club near here. Are there any or any investors who need a bird dog in exchange for showing me the ropes? I am a Marine pilot in flight school right now, but have had the real estate itch for a while and want to get in the game!

Hi, I just found this site and I think it is awesome. I posted on reiclub.com but I havent gotten much response so I was wondering if anyone on here could help me out.

A little about me, I am a 25 year old 1st Lt in the United States Marine Corps, currently in Corpus Christi TX for flight school. I have enjoyed investing/anything entrepreneurial since I was a kid. A few months ago the scales fell off of my eyes and I realized a logical step would be to get into real estate. I found a good REIA club....and moved the next week. Now I'm here in Corpus which doesnt have a club and I have been either swamped by flight school or lazy in my off time.

Recently I kicked myself back into gear, got preapproved for an fha and talked a little to a realtor I know but now I am kind of hitting a wall. I will probably only be in Corpus for another 3 or 4 months and my next station for a year maybe, after that, things should slow down a but but I want to start acquiring rentals now. However reading more it sounds like a good plan for newbies is to work birddogging / wholesaling to learn the ropes. Again me being an active duty Marine and in an intense school, my free time is limited. Is birddogging / wholesaling something I can pursue part time?

Also, up until a few days ago I was pretty much set on going for the nice area of town $180 -200,000 homes to ensure better renters, most likely transient military like me vs the cheaper homes near the local university which I figured would get torn up more as I will be moving and need to have a management company look after them. But I really hate the idea of having a huge mortgage like that. Has got me thinking about cheaper options?

I guess through this long convaluted post, besides what I wrote there,
1. What ways do you get financing besides normal/fha mortgages. I have read about seller financing etc, viable options?
2. With my time contstraints what is the best way to get into this game we call real estate.
3. What do you think about going for the nicer but more expensive neighborhoods vs cheaper but more maintenance options?

Thanks to all.

p.s. I hate making newbie posts because I know somewhere yall have already answered these questions but I appreciate your time for doing it again.