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KJCE 1370AM>Audio on Demand>>Real Estate Radio, 01/01

Real Estate Radio, 01/01

Dec 31, 2016|

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Automatically Generated Transcript (may not be 100% accurate)

Well guns are real estate radio read your host Jason studs wanna share your real estate stories. Coming home at 5126409610. And now here's Jason Stubbs. And welcome back central Texas this Sunday we are back this real state radio I'm your host Jason Stubbs branch manager. A mineral mortgage in and Ellis number is 181. Fourth through seventh annual consumer advocate for all things real state. Hopefully caught our TV shows. Always on Sunday and always on KB DO. From 9 AM to one. PM that's today if you missed it will we're trying to do is bring the Texas hill country into your living room in of course across sure radio waves right here on talk thirteen seventy. AM thank you opportunity and the show would be possible without the support from our sponsors patent law firm has been what to show for us. This will be the fifth year coming up in 2017 so. I think you guys side they're closing off this for Texas American title pat law firm is one the best in towns small boutique. Got four offices around town but. For you builders and and you industry folks realtors agents up we need him shot up also but damn with a shirt ripping on don't sell your home. A without Dan and his team coming out to take a look at it beater you can you can do thinks pre inspection on your home and in Dan works with your idol tons realtors in Austin. In you listing agents out there mean have did come out and you can't inspect. You were client's home hub before they're looking to sell. Because he's got all of the halo events in a lot of times insurance companies can play a huge part. And you know doing their responsibility of making sure that they. You take care and in cover your home. On meet the standards and we're just out of there so we just don't know so that again dale the shirt ripping we appreciate you just a joy Obama friend today and co hosts. Two today Kevin McCarthy realtor realty Austin. To obesity and what this all day so stick around for a town. Great show coming up guys were talking all around the rules say stuff but you don't. More importantly it's if it's the season of you know what to do next what to do now we don't we all know that the industry kind of calms down a little bit December. Cools off a little bit we've seen that it's happening so what's what's happening I mean. You know the war in new year the January February march you know this that fourth quarter you what are you looking to do. New investors out there Kevin McCarthy a new organ discussed you know how to potentially get into an investment property. And you're out there and in you guys it is sexy. We all talk about it HDTVs take us to another level on this type of deal but you Kevin's done several. You know or worked with several investors' sob doing you a long term short term stuff also. Flips up Levy's I was working right now we may bring up but does he also stick around for that we've also got Kevin Hennessy call an end and he's got a new listing in the circle C area. And it's under 400000 so you're looking in that circle. C area and there's homes under 400000 I promise you this one won't it won't last long. Also I can I just I I appreciate everybody. Out there that ties listen to our show but excessive for support our app on the were well over a thousand downloads now. And if you haven't done that. Young you've got all the news on there that affects interest rates if your rate nerd like me. On the you can hop on there and done looking interest rates you can look at all the news that tough facts interest rates. You can shop homes you can look at your insurance you ask me question you get a pre approval you Ginn. Do all kinds of stuff there's title insurance calculators and mortgage calculators and all kinds of stuff so you're in any type of of Bob market to opted to do any general stay whether it's you know this week next week next year. You want our aperture released again just text the letters atx 231996. You'll get a link text back to you. Click on that link scroll over saved a home screen again text the letters ATX 231996. And you can get our app you can start checking out homes and in looking at all the other stuff that that we do. Out there and and we appreciate you Gaza that if that have done that. A also techsters we got questions from coming up a mark Tex lines easy to remember it's 5126409. B 610 so Texas your questions. Do you think work we're doing good you give us the thumbs up or thumbs down believe it or not we've had both. And that Tex lines -- 126409610. We're taking your text right now on this wonderful Sunday. And so. Again that number 5126. Or 096. Tent alright dumb horror stuff armed. I've got to Kevin McCarthy was realty Austin. Back in studio was summoned how you. Do sir hey Jason good to be here again yeah but you're price and though they're like discuss not even take a breath he that's gonna run is now going to freeze even introduced me I've been sitting here for five to ten minutes and getting Sony think. What those golf. Finals stuff man get ready for the new year yeah yeah look how as how to post Christmas. It was really did you know stuck around. This and things are on the how did you hear you guys have Christmas that your house after house you know you know we did those kids tear that place. It's still shoots it I think everybody's got a message that right now gotta go through the yeah there's boxes of stuff he had messed with the Heath. This is in the say. And you know the younger kids it's it's open and the the stuff that the packaging the things come in and in. It's amazing to see deterrent but I hope that on the curb pay and everybody you know good non mystery photo Mike Ditka and seriously can you imagine. I think about a two man Ahmad garbage men are schools they can be how liable in the death. You know all login to knuckles every once a while and you Thelma Gatorade or whatnot but man they came bar and he just looked at me shook his head in disappointment to. This week that so much crap. Piled up outside but try to catch a man he won't let me helping an entourage so I guess all guilty guilty. And we do them Wasilla houses sometimes two of hesitant. And being clean and out of house and make this year than it was on. On trash day on out there with a pile of stuff and a twenty dollar bill seriously came in. For these you don't get them guys in trouble you know I would be notre mr. Yost doesn't care for you know. Who were it's not a bribe this is tipped. Yeah herb Pope a little of both right if it hits and two hits it it's it's it's a thinking it's a thank you yes we're on the holidays moved out. And I mean it's important and to give back and you know we've we've we're getting into new charity is this so this year and art show will and my company but. We'll do that Letterman yeah no doubt and I mean of those cuts are working their butts off you know we had trash day he just just recently and just try it and you down the street looking at the destruction. Was just like she smashed. If it's nuts it's not pay on the yes you student Daniel was a real say radio I've got to tell MacArthur realty Austin and I'm Jason Stubbs and how we do is every Sunday at 12 o'clock noon I believe we've got to a we got back collar only got Kevin Hennessy on the line. Kevin what's up man how you deal with sir. Do we get a birdie have a itself. And do well appreciates you take a little time out of your son Nick Collison for you folks out there is Kevin Hennessy he's with the eagle and brokers. A friend of mine custom home builder to do build some. Canada house's. But up man you've got also rules state that which you duke held the job on both fronts but tell us a little bit about tell you listen you got this week. Absolutely well I appreciated it soon. It's a little a nugget in in golden. I mean legend oaks area south of then why. Nor the circle city it's 2245. Square feet. A four bedroom two and had bad. And this thing is it's really been renovated night that it's got hardwood floor that got Kyle. It's double the ceiling in the study to. The mastered. The match is being completely redone it. Granite countertop. It's got slate tiles. Frame listened shall include your look legitimate security it's it's really it's it's it's been done up real nice to bankrupt and green built it. It is it's a really nice move. Out there and it's like you said it's under 400000 get a bit creating 99. Mayo that that's where he had no doubt that's a little price throughout there and you know that area is fantastic in and you know anything around that circle C area is just it's been crazy 2000 you know be affordable circles pretty yeah yeah exactly no doubt and okay if far authorities wasn't in contact with you. Kevin how they do that if you guzzle more information. Tendencies are goblet to how we in touch with a. Oakley gimmick coach he had any courses that come up phone numbers I want to. 7457132. Or you can look it up on the MLS it's export three weekly Allison past. There you go why did happy new year to you my friend double get cheer you will get you in studio. I here shortly and how we hear about these home Jabil not there Massa I'll come across the old. FaceBook in in almost fell on chairman and they're absolutely gorgeous and so obligates you and your own show and end up in we would chat about the home to build up there. What were. Real proud of my blood can brag about it on Asia I don't know get a couple knew coming up first quarter so more of the tape them. Our man we'll keep up the good work you're happy new year to you enjoy aggressive Sunday you know we'll talk you love it. Joseph are kept. Our folks we've got one more caller we or more agent on the line down and Doug good friend of the show was actually just on our TV show here's a little bit. But till we got daily Perkins of the Melissa Bailey team it realty Austin. Bailey you there. How are you all it's going great we're we're Robert Byrd for have a good time and I got when you're your fellow realty Austin agents sit right next to me Ken McCarthy went yeah yeah so. We'll tell us a little bit to about the property that you have forced this week. Yeah he had a house that is in deer creek directly chabot I had eat. Unwind imperial Hawaiian my six conference at saint. And opinion Ellis it's getting it straight now and it is just absolutely gorgeous and it's a country not and Tony either I'd Wear it eat for about troops should not act. I mean that finished out our original incredible is that not a they'll decorate her room at all. I'm at the back a lot stricter or evening in your master on pay and batters all plunger and am scared they reflect true down there. Constant cabinets and everything derail what it would short units at. And they need to try and PM and advocate and a string out we got it. Updated picture up on it cannot last. Any length you wanted yet we welcome you meet our need outs LA. And it was three at each other and it. How to how to reach added I its dealer or a veteran and I and I Rick Hendrick street Guillen supply. Oh yeah it's not come round. Yeah no doubt about guys and if you're looking at lake way. Area 3575. Goodness it and I meet for over do you have to go square feet that's got a lot of space for bedrooms it sounds fantastic. Bailey hopefully I get together and talk to my wife and dust moving out to lake way. And maybe you can help with such five so like this. Why now it's green it's a great area great Atlantic community grainy if I. A country calorie and all Ayers Liddy be Eric every pair opposite schools are great chat at the barn. They're out there really as historic tripping staying with. Out of restaurants and shops are where it's it's they're really expectation and I really getting pregnant. In your I mean you've got lake also Lake Travis right there too. More love and they give community lakes and not Ebert is loud and got accepted. The act and he apparently action and history. Fantastic well Bailey how are folks in contact with yet if they they want so watch out you about this house. They aren't factored in anywhere information about and check out all or all I had windshield. Chance here all. 183. Horry hit it and reach out arrests at our age are honored at age which they are dot com backs archer will need sell offs and. Fantastic. Girl we just keep up the good work I mean I know this house didn't last long I mean I would be surprised if you get a contract on your next couple days. It. I now what they want to YouTube back in in the studio pretty quick in and you keep up good work out there we'll talk to you soon. I feel sort OK guys are we got a quick break we get back we have more Kevin McCarthy we're talking all things rules they were talking 2017 investment property short term long term will be right back. It's good we are back at his left back role sounds so good I just turn up ahead of yours to an end is real state radio I'm Jason stub your host for today we're here every Sunday on talk thirteen seventy. On this real state radio now muck up my buddy my friend. Thumb no kidding one of mock absolute favorite most knowledgeable realtors in central Texas Bambi like that get MacArthur royalty Austin sit in all day long if you got Scott questions for us mortgage real state anything Tex lines open it's wide open right now 5126. Or zero. 9610. A slowdown run about warmer top 512. Six or zero. Nine 610. We appreciate you folks reaching out to us off so I'll seen a couple come through. Here recently wont wont get to those who are just little bit all via returning those are fueling intention Kevin. I'm pleased up if she's quick text. Our man bowl and Kevin I mean before the break we're talking about the the the market what's happening in January. We are talk and bars were talking sellers our turn page and get to something that's. On the forefront and and you know I'll opt out seeing a lot of folks out there that just kind of frustrated as far as you know rules say investors I mean. To tickle to qualify as or classify yourself as real state best term I mean for for the purpose of this conversation let's say this is something other than your primary residence. So you what to what we knew what piece say out there to folks whether it's their second third best of property or somebody looking again to their first. You know how can you as an agent. Help folks out there that either wanna get some type short term investor property or some like a bar and hold type property. Well. There's a there's a lot of different opportunities that you like it fine and our question yes I think that so. It's tricky it is really tricky and use you definitely should have some help yes when you're when you're getting started. And a seasoned investor yeah. They can do this on their own. I mean. There's. Most of the most of the properties that I buy and not on the market right. They never they never hit the mark I know that you call me your OK I think I got a good one don't know god decides it started a company blog you know. I read a column that one unlikely it was unbelievable but yes our gonna go to India. Yes so. So it's the heart of finding it is the it's finding mountains community opportunity which you know minimizes your risk for veterans so. But before you get started finding an opportunity and you got to get ready to be able to take advantage of that opportunity when it presents itself justice to you got a shot -- because when that opportunity presents itself. You it's literally it's that day's decision yup pretty much from beaches. There's times when that I mean that sellers going down usually they don't reach out until. They are in the suit pants on fire yeah exactly right if there in distress yes great definitely and you gotta sit in and it you know one day yeah Camby. It belongs to the bank well let's talk about I mean well I mean here's exit that let's use that lake way opportunity as as an example I mean. Yeah you you call me and in share to folks what would what she's. Yeah I actually lost that one I know that you have to obviously if that's what I'm using it as an example. I did not bring the contract will think me. That's a meet with her yeah and I should the locked her up on the contract that I will then and his rotary check out. And and I walked I was like well but it. Money go I wouldn't sit down the street to the starlet. Called my life. Say hey I only use this money over here. Now for wanted to move this around this is what I'm Dylan. And course she's like hey you know it sees that in doing this for so long shows war yeah whatever yeah disagreement of paperwork and I'll sign it. Yet it is our right. It's. By the time that I got back to her. Somebody else had called her. And gone in there swooped in and took my deal that's official with with a brief case would like to handcuff on it could. There is gone and ultimately this is like wet suit she. He says I'm sorry you know was is and she was in that distressed yeah mode isn't it had to she had to have it. Had to be quick close to and he had to be cash yeah I'm so let me let's talk about I mean what would would be an up so long for. That oil and the I think the investor bought it for somewhere in the 260 reigns yet in them what's potential. All in cost as far as upgrades before you don't even think they did anything scenario. No kidding me hardly while I mean there was some stuff that I would have done to it to maybe pull it. In the 390 remains something like death donor aid granite. I think that they just put it on for like 325 and it just turned it around immediately wa. Credit so literally. They owned it for. Two weeks in made. Sixty plus thousand dollar Sony plus. Goodness and I mean that's it you know I'm back Kevin Kolb is like Maine you know I can't believe this deal are related to. And in just missed it but yet that that gets back to our point and you gotta be ready. And you know it it's it just comes down to be in ready and I mean some of the steps are being ready. You know what I eat you gotta have your decision making mechanism of news cycle times that. Ready to go to where you you have to know okay this is a good deal there's equity in there which makes money on it. But after that. You better have your financing or your funds ready to go and I think that preparation is where you come in and help folks absolutely. So hey guys were talked in. We're talking investor property saw here on grocery radio I'm Jason Stubbs were here every Sunday 2 o'clock in our techs are right now if you wanna get on our investor lists. If you're one of those people out there you got you know we got holy man we both have clients with 1012 homes if you're one of those. We've probably already know you but if you wanna get to on our our investor list where we run across. Opportunities like this from time to time. I mean just last supper run across. I don't know maybe you want a quarter and it's like an absolute no brainer. But if you pick some up like that I mean just choose a quick text with your your name information. And will will push jobless rolls Sunni not your give you quick call but 5126 or zero. 962 and also figure out their use when have a conversation with Tim McCarthy where you know he he can help view. Just give all your ducks in a row enemy it sounds Corning it is it means cliche ish but. You know if you've got to be ready you got to know the steps. You know how how what I want know that this is a good decision you know how how I know that this is gonna be a good investment how cannot estimate. You know how much money I need to put in this thing without overspending. To be able to maximize my profits and Kevin can help you on that stuff so. She used she is attacks I want to six were zero. 962 and so I mean what what advice do you folks and let's say that you you've already met with whom they talk to you they've the either dot cash. Themselves they've got a couple investors or they've got their financing set up. You know whether it's through through you know are in our mortgage our company or somebody else. You know they got everything set up OK Kevin I'm ready to go I'll give him. Well we really got to. Kind of figure out what their threshold for risky such as beaches. In this invests in properties risk is definitely yes it is and I mean so. What you're what you're risk tolerance is gonna play into you you know the type of property that I would bring your attention anyway yeah. Because what I would. Jump off the cliff for. Swing and a hockey Nokia somebody else is gonna go. Although it has taken you know exactly the kind of recently what you know but there and there's a no brainer snuff out their depth. For sheer I'm living in one that was supposed to be short term I've been there three years is supposed to be too. The but hey. It's I did watch and that value go up so you're threshold for risk yep. How much work you wanna do yourself and you know what your abilities are now you know. Do you have the you know Ari are you give the skill set to to do obtaining and do little stuff I mean. Day before yesterday. I ripped up. The floor. I asked all the cabinets out of the house I love pulling cabinets now what you call polygamy did you politely removal or I politely resume really I saved good look at all our Amir on Craig's list your hair salvageable that's one thing but if it's time to go may have engineering that's my favorite thing to bring down his cabinet if you liked. You sleds Tehran on the side I love get in there busting out some malls man especially the first slide. You don't hammer swing. You through the wall the Jirga Palau. But yeah man I mean risk factors that its note no doubt about it but so you what we do and yesteryear in there pulling out cameras June forestry tells about that. You give assess an area to me that. Into the trailer but in the front yard. Went in there we we started pull in the the floors out. It was a funky. Laminate floors that had been ruined. Dogs pee all over in Africa is no I mean you listen it that it it was swollen with. Swollen with the with it was easier and yeah wow they sure you warrior. I mean your mask guinier and your gloves if that's that's the smell money when you want to hear like oh my god this floors are fascinated stored as well liked he liked. That is that is exactly it's that's a smell it on the guys play if we got to. All right there got a quick break. We get back more Kevin McCarthy realty also stick around. It's good we are back I'd just let that roll sound so good I just turn up ahead of Houston and in his real state radio I'm Jason stub your host for today we're here every Sunday on talk thirteen seventy. On this real state radio now muck up my buddy my friend. Bum no kidding one of mock absolute favorite most knowledgeable realtors in central Texas Bambi like that Joseph McCarthy royalty Austin sit in all day long if you got Scott questions for us mortgage real estate anything Tex lines open it's wide open right now 5126. Or zero. 9610. A slowdown run about former top 512. Six or zero. Nine 610. We appreciate you folks reaching out to us off so I'll seen a couple come through. Here recently wont wont get to those who are just little bit on Libya returning those are fueling intense and Kevin. I'm pleased up if she's quick text. Our man bowl and Kevin I mean. Before the break we're talking about the the the market what's happening in January. We're talking bars were talking sellers our turn page and get to something that's. On the forefront and and you know I'll opt out seeing a lot of folks out there that just kind of frustrated as far as you know rules say investors on me. To tickle to qualify as or classify yourself as real state best term I mean for for the purpose of this conversation let's say this is something other than your primary residence. So you what to what we knew what piece say out there to folks whether it's their second third best of property or somebody looking again to their first. You know how can you as an agent. Help folks out there that either wanna get some type short term investor property or some like a bar and hold type property. Well. There's there's a lot of different opportunities that you like it fine and our question yes I think that so. It's tricky it is really tricky and use you definitely should have some help yes when you're when you're getting started. A seasoned investor yeah. They can do this on their own. I mean. There's. Most of the most of the properties that I buy and not on the market right. They never they never hit the mark I know that you call me your like hey I think I got a good one don't know god is off to started a company blog you know. I read a column that one and likely it was unbelievable but yes sorry go identity. Yes so. So it's part of finding it is the it's finding an opportunity opportunity which you know minimizes your risk for veterans so. But before you get started finding an opportunity and you got to get ready to be able to take advantage of that opportunity when it presents itself justice to you got a jump on it because when that opportunity presents itself. You it's literally it's that day's decision yup pretty much from beaches. There's times when that I mean that sellers going down usually they don't reach out until. They are in the suit pants on fire yeah exactly right if they're in distress yet right definitely and yes it and then it you know one day yeah Camby. It belongs to the bank well let's talk about that I mean well I mean here's exit that let's use that lake way opportunity as as an example I mean. Yeah you you call me and in share to folks what would what you said. Yeah I actually lost that one I know that you have to obviously if that's what I'm using it as an example. I did not bring the contract with the me. That's a meet wizard yeah and I should the locked her up on the contract that I will then and just rotary check out. And and I walked I was like well okay. Monique go I wouldn't sit down the street to the starlet. Called my life. Say hey I don't use this money over here. Now we're gonna move this around this is what I'm doing. And course she's like hey you know it sees that in doing this for so long shows war yeah whatever yeah this remitted paperwork and I'll sign it. Yet it is our right. But. By the time that I got back to her. Somebody else had called her. And gone in there swooped in and took my deal that's official with with a brief case would like handcuffs on it puts. There is gone and ultimately this is like wet suit she. He says I'm sorry you know was is and she was in that distressed yeah mode isn't it had to she had a habit. Had to be quick close to and he had to be cash yeah I'm so I mean let's talk about I mean what would be an up club so long for. That or and the I think the investor bought it for somewhere in the 260 rains yep and then what's potential. All in cost as far as upgrades before you don't even think they did anything scenario. No kidding me hardly while the I mean there was some stuff that I would have done to it and maybe pull it. In the 390 arrange something like death donor a granite. I think that they just put it on for like 325 and it just turned it around immediately while. Credit so literally. They owned it for. Two weeks in made. Sixty plus thousand dollar seven plus. Goodness and I mean that's it you know I'm back Kevin Kolb is like Maine you're not going to leave this deal are related to. And in just missed it but yet that that gets back to our point and you gotta be ready. And you know it it's it just comes down to be in ready and I mean some of the steps are being ready. You know what you gotta have your decision making mechanism of news cycle times that. Ready to go to where you you have to know okay this is a good deal there's equity in there which makes money on it. After that. You better have your financing or your funds ready to go and I think that preparation is where you come in and help folks absolutely. So hey guys we're talking. We're talking investor property saw here on girls say radio I'm Jason Stubbs were here every Sunday 2 o'clock in our techs are right now if you wanna get on our investor lists. If you're one of those people out there you got you know we got colleague and we both have clients with 1012 homes if you're one of those. We've probably already know yet but if you wanna get to on our our investor list where we run across. Opportunities like this from time to time. I mean just last supper run across. I don't know maybe you want a quarter and it's like an absolute no brainer. But if you're a pick some up like that I mean just choose a quick text with your your name information. Endo will will push journalists were or should an email us your give you quick call but 5126 or zero. 962 and also figure out their use when have a conversation with Tim McCarthy where you know he he can help you. Just give all your ducks in a row and mean it sounds Corning and it is it means cliche ish but. You know if you've got to be ready you got to know the steps. You know how how well how to wanna know that this is a good decision you know how how I know that this is gonna be a good investment how cannot estimate. You know how much money I need to put in this thing without overspending. To be able to maximize my profits and Kevin can help you on that stuff so. She used shoes attacks I want to six were 09610. So I mean what what advice do you folks in the let's say that you you've already met with whom they talk to you they've the either dot cash. Themselves they've got a couple investors or they've got their financing setup. You know whether it's through through you know are in our mortgage our company or somebody else. You know they got everything set up OK Kevin number needed I'll give been. Well we really got to. Kind of figure out what their threshold for riskiest shot just beat his. In this invests in properties risk it definitely yeah it is and and and so. What you're what you're risk tolerance is gonna play into you you know the type of property that I would bring your attention anyway yeah. Because what I would. Jump off a cliff for. Would swing and a half you know if somebody else is gonna go. Although it has taken you know exactly they got a 33. What you know but there and there's a no brainer snuff out their yup. For sure I'm living in one that was supposed to be short term I've been there three years is supposed to be to put but hey. It's. And that value go up so you're threshold for risk yep. How much work you wanna do yourself. You know what your abilities are now you know. Do you have the you know Ari are you give the skill set to to do a little pain and do little stuff I mean. Day before yesterday. I ripped up. The floor. I'll just pull the cabinets out of the house I love pulling cabinets but you call polygamy did you politely removal or I politely resume really I saved good look at all our Amir on Craig's list your hair salvageable that's one thing but if it's time to go may have been hearing that's my favorite thing to bring down his cabinet if you like. You slicing Iran on the side I loved it in there busting out some malls man especially the first slide. You don't hammer swing you through the wall that your gonna pull out but yeah man I mean risk factors it it's note no doubt about it but so you what redoing yesteryear in there. Pull out cameras June floors we tell us about that you give assess an area to me that. Into the trailer but in the front yard. Went in there we we started pull in the the floors out. It was a funky. When it floored it had been ruined. Dogs pee all over his gal guy is no I mean you listen it that it it was swollen with. Swollen with which it was easier and yeah I'll make sure you're here. I mean your mass guinier and your gloves if that's that's the smell money when you wanna hear like oh my god those floors are fascinated stored as well liked he liked. That isn't exactly it's that's a smell it on the guys play if we got to pause right there got a quick break we get back more Kevin McCarthy realty also stick around. Hey welcome back to the show's central Texas this is real estate radio. I'm Jason stubs I must sit here in my body. Palm coast today Kevin McCarthy expert realtor what are my favorite agents in central Texas I'm not kid you know you got for years worked with him for years. Kevin man what. How we get our enemy you you've been here's hang out all day if we're doing things well also. They back to the yeah the investment stone dead so I've done it reload look at me helping her quick if your studio we're talking about a dozen properties and it into you know if you're looking to invest in rural state I mean there's just so many factors so many things that yell look out for. And before we hop over the break will creek Kevin's got always worked on right now yesterday year in their boss and cabbage pullout florist. And to such a little bit more rubber on. Well it's it mean it's it was a distress solera. It smelled like urine red I thought. But that's not going to be every investment property well there's so yeah of this is the ideal one than I would say is something and it's you know seven years old maybe yeah bill you know after. After two you know at least after 2000 yeah I mean the yes definitely you know as you can I just I don't like moving plumbing. I don't like adding square footage yeah you got to me only common and in doing and you cabinets florists counter tops me maybe open up a wall. Paint foreign done ya gonna go. But for your first time investor. I would actually recommend pardoning somebody got. It may be partnering with somebody who has experience yeah eggs and and actually done this stuff so if you time your partner analogy I do yeah. And so. I have a few that we've you know that we buy and hold. And I've helped other people with partnership agreements to where they've bought properties together down. That is the couple this year that word new construction brand new house's. They. Partnered together. Bought it brand new house. I had at least out immediately when it was built yeah and they were immediately cash flow. Meant you ought DM with a sure drifting east watches a show and he's got one imputed if he bought it a year ago. And you know on these mortgage payment well how much time on but I mean hey it's your rent for Tony 300 dollars and it's imbued. Yeah it is your repertory 300. And obviously those numbers out there dancer modeled your text message that. I mean he he did damn good job and so yeah I think people think of the opportunity with new bills with new construction. Absolutely and you know to touch it for ten years exactly but he's just for the Tenet and yup then occasionally. EU got a mess with something that is very rare the new construction. For an investment property is is pretty good these are there right yep definitely so that the home that you guys are are are doing right now is that saying when will it be available. It'll probably be. Mid. They're beginning of April beginning of April I mean I'd love I can get you ready sooner than that yeah. But we got holder for ninety days yeah because of because it's probably going to fall within. FHA. Yeah I sure exactly so. Yeah yeah in order to sell it to an FHA buyer FHA has that anti flipping gallows absolutely where you can't sell you can't turn a proud yeah they're they're trying to guarantee some interest man very low and I tummy starts that. Our government trying to minimize risks so. Also a double thumbs up on that once don't don't be mad at me about the -- a deal that lets but but yeah no doubt Manso where's this sellers of salsa is an hour it is. We think I mean what's what's size that's this one. It's 11100 square foot yes nice they're perfect pro revealed her out once and in the perfect starter Houseman believe turnkey. Well I mean ruled recently that price point so good I mean you know folks throughout their first and homebuyers and like Omar god I don't want on the small. Here's the thing you look at it has its 44 month job I enormous savings account. Yeah you get in there you live in their home get little appreciation and then just bump yourself out it's called moving up in an ever a lot of people do it but you gotta start somewhere. And express who this market and they were pricing our first time homebuyers which is just knots there or you turn it into an investment property exactly buyers in my country all the time. You know. Want to move up and out. You know I'd love to sell their house for them. If that if the house is an ideal candidate for rental property. My first existence of that person always yes it is what you should keep your house yes got you. Because I was an investor before I was a realtor yep. My best. Meant it careened into a guy the other day and I mean his his philosophy with your Heath Allen properties he's got a reason it's almost when he at this point. But he's putting down and he's financing his investment properties. Several of them but what he does is is you put down enough money to give it. A certain amount over your total payment which your your taxes interest personal interest in any tough place Joyce stuff. But what he's doing if he's get enough money. Over his minimum payment is applying that to his mortgage police and much rising it's where you can pay its properties off a nine to eleven years and I thought that was genius is doing I mean that is a damn good thing it way to. We'll look at it it specially you know for a long term hold it I mean he's got out Tommy properties paid off from doing it just that way. And I thought it was a thought that was brilliant so. This anyway that is really got to viewers tune in this role save radio I'm Jason stars are Tex lines open if you got you wanna you wanna get in on this. On this conversation out tech's last Bob 126409610. Also if you're out there and you wanna get on our email list. For potential investment opportunities we've we've got a handful of folks in. In doubt I can guarantee you these opportunities will not be in you're not gonna find this stuff on Internet Yahoo! viewfinder on demo last occasionally you will. But the opportunities that we share with our our our listeners our clients. Are are ones that you gotta make a decision quit but. You know it's just it it's if these are opportunities that are available to the general public and we're talking investment properties that's the name of the game. Is finding the opportunity first yeah absolutely so what else let me advise me what shall we mean can you advise anybody on like what to look out for you go to your first time investor out there. I mean yeah we've talked about. You don't want to overspend on on rehab calls everything like that but you what are some of these things that these folks need to look out for young top three yourself. You mean as far as for looking for the house yeah or just just just you know what like red flags or top concerns. Foundation plumbing problems Oka I mean if they are beckoning you to money definitely yeah this op opt and deal with one now. Yeah it's not a bad one you know but it's 68000 dollar. Job and you know we we just did some. Updating on. Well on the landscaping in now we have did all my crap up you know I would say plumbing is probably one or worse it is then. The foundation donation can be fixed. Yeah them plumbing sometimes it cannot brat. Yeah I'll and we looked at a house awful Duvall won 83 does that. Also own neighborhood back she'd be talking about it I wanna get there get back there but you are talking about it's on me if you're going up 183. U balls right there I mean you've you've you've exodus Baltic to write your first live account I'll pass it in May and we saw one back there in it and had it had 181000 dollars in foundation in 20000. Dollars in plumbing. And we got foundation inspected in its time. For the foundation be redone again they've built it on aquarium in its gonna move but I didn't wanna take the risk of OK now we got a Jack foundation. Why social plumbing 8000 dollars you go to me 22000 dollars for plumbing 8000 for us for which is not typical I mean you guys don't change channel I'm Tony it's that's not typical. No we had one earlier university hills. The the iron piping in that thing. There's the foundation was fine yeah no foundation grow you know this is surprising is that area yeah notorious for it on the it's built on but yellow the that the plumbing Aaron piping and there was like Swiss cheese. Q I mean it was just yeah all over the place it was it was unusable so then what you do well luckily. All of the fixtures. Word near outside walls. We took the plumbing outside knocks around the whole house good. It was what it was 121000. Cook should probably. The gap so. Yes you're out there man that is tough stuff man. We'll get a deal hey out I mean we got we wrap up your pretty quick but I'll ask jagr couple questions before yet. Alan I would ask yielding just just from thinking back over your years in this business you. What was your reduce your most difficult time seller. I know it's random. It's I'll wanna. The most difficult so it was a typical client did you have that when you cellar though. Then. Well. I had one over. Over around here think and are they listening. A bit is that what you think and that's what it could be that we sold this. But they lied. Let me alive you know who the sellers that don't tell the facility as they were always still there real cities on matters the and they. Renegade you know they didn't tell me that they they've falsified their divorce nomination why so so they were still married. And it wasn't until week before closing so you're gonna talk just notice that when his wife called me a book and says. Hey I noticed that my house was Brazil. A what's going up. So. Husband was trying to sell well how else. That he and is. Jolly well they were separated OK and then she held him to you. Two. She she wanted him to give up. His rights to his children Osce in order for her to sign the papers and we had to go down the whole court pass and everything and I say. It was a big it was a disaster it was definitely the and it was it was terrible for the liners here and there are about to close on a house. That it would they thought their team last time. Good jolly man. That's something does noon I mean I know that you work through those problems are and most issues and I mean hurdles and everything that you can't get over stuff. If you while we're take a shot at that but you can tell so we got about a minute left tell us about your your blog how to get contact with yet. Joseph. So you can reach me any time on my cellphone got 5125874050. But you know it's 512. 5874050. Hooked it can also check me out and check out this blog I mean my blog got a camera right here you kind of see behind the scenes real state radio how do we find that. It's a day in real state dot com a day in real state dot com Kevin McCarthy realty Austin one of the best agents in central Texas. I'm not kidding you I'm not to cynics we sit here. If you guys want the best game ranked also Gaza what you tune in every Sunday right here twelve noon will be back will be. Here are excited ready to roll next Sunday we'll see them.

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