Andy Williams, Founder of RECON REALTY, Co- Host of HGTV’s Flip or Flop Fort Worth is here 9/26 at 4PM ET to answer questions about real estate entrepreneurship. Questions?

Sgt Andy Williams — Fri, 21 Sep 2018 09:32:41 -0400

I am here to answer questions about real estate entrepreneurship, income property ownership, and how the real estate industry is an ideal way for veterans to build careers, continue to serve, and create a sustainable impact.

I am a Marine deeply rooted in Texas that has an expectation for veterans to win in America.

I maintain a simple mission filled with a bigger purpose of empowering the veteran community while navigating entrepreneurial ventures. With clear vision to be defined by the change we make – both financial and societal – mindful of the interdependence between the two.

Connect, collaborate to capitalize to create change.

Response by Cpl Tim Callahan made Sep 21 at 2018 10:24 AM

Cpl Tim Callahan — Fri, 21 Sep 2018 10:24:36 -0400

Do you need a financial background to be successful at investing income in property?

Response by Capt Brandon Charters made Sep 21 at 2018 1:29 PM

Capt Brandon Charters — Fri, 21 Sep 2018 13:29:56 -0400

For those who are currently paying off a home and can't get into another mortgage payment, what would be the best way to get more involved in the real estate market?

Response by Cpl Jeff N. made Sep 22 at 2018 8:37 AM

Cpl Jeff N. — Sat, 22 Sep 2018 08:37:53 -0400

Do you think it is a better to buy, redesign/remodel and flip houses for a return or to hold on to them as investment properties and collect rent etc?

Glad to see a Marine doing as well as you are.

Response by LTC Daren Walker made Sep 22 at 2018 11:18 AM

LTC Daren Walker — Sat, 22 Sep 2018 11:18:11 -0400

Do you recommend leveraging debt to get into real estate investing or buying and owning properties outright?

Response by CPT David Gowel made Sep 23 at 2018 5:34 AM

CPT David Gowel — Sun, 23 Sep 2018 05:34:24 -0400

Hi Sgt Andy Williams, thanks for joining us on RallyPoint. With the changes coming from this past year's tax reform related to "Opportunity zones," 1) do you have any experience with them and 2) can you talk about how real estate investors should think about putting money to work in these areas?

Response by SPC Private RallyPoint Member made Sep 25 at 2018 2:46 PM

SPC Private RallyPoint Member — Tue, 25 Sep 2018 14:46:21 -0400

I've recently became interested in the home buying/renting potential that active duty/veterans alike are possible of being involved in. I have had talks with multiple people, but how can I use the VA home loan to my advantage to see some profit come my way?

Response by SSG Carlos Madden made Sep 25 at 2018 4:26 PM

SSG Carlos Madden — Tue, 25 Sep 2018 16:26:35 -0400

Hi Andy,

Bigger picture, what is your vision for veterans and the "Flip or Flop" entrepreneurship modal? Is this something veterans should explore? And if so, what makes us in a better position (i.e more competitive) than our civilian counterparts?

Also, for those who are looking to slowly improve and flip their home, what project would you suggest they start with that offers the most bang for their buck?

Response by SPC David S. made Sep 25 at 2018 5:55 PM

SPC David S. — Tue, 25 Sep 2018 17:55:19 -0400

Hello Sgt Williams - welcome and thanks for joining us and allowing us this opportunity to tap into you r experience in the real estate industry. My sister and I recently inherited my father's home - it's paid for and is rather new construction. We are both good financially and do not need to sell it however we are contemplating several options 1) List by owner and sell it. 2) Do some minor repairs and rent it 3) Sell and invest in another property possibly a multi-unit in a more trafficked area closer to beach or resorts. My sister currently owns (is paying for) two homes - one is a rental that her daughter is renting and for myself I just have one home. So in short what investment strategies works best in central Florida - rent sell or invest?

Response by Lt Col John (Jack) Christensen made Sep 25 at 2018 7:08 PM

Lt Col John (Jack) Christensen — Tue, 25 Sep 2018 19:08:20 -0400

Why do lenders in much of the country tend to shy away from VA home loans?

Response by Sgt Private RallyPoint Member made Sep 25 at 2018 8:43 PM

Sgt Private RallyPoint Member — Tue, 25 Sep 2018 20:43:34 -0400

Sgt Andy Williams I have not seen your show, but will watch it. You are a good role model for someone that wants to be a successful entrepreneur. What part did the Marine Corps play in providing the roots for your determination to excel?

Response by SPC Erich Guenther made Sep 25 at 2018 9:08 PM

SPC Erich Guenther — Tue, 25 Sep 2018 21:08:22 -0400

Thanks for comming on Rallypoint. Actually I have about three questions to ask you being that your in Real Estate and have some idea on what the consumer prefers as well as what you have personally experienced. So here it goes and thank you in advance for taking the time to answer:

1. In your personal experience, would a personal residence in or near a light rail or trolley line command a higher asking price on the market than one on or near a city bus line? Does the consumer care to pay a premium for one over the other? Would a tax assesor value one higher than the other or be about the same price?

2. What is your opinion of swimming pools? Money pit or worth the expense for the added sale price. I notice that some flippers put in a pool to sell the house faster but a good portion of homeowners avoid them as a money pit. It's kind of weird that each views a pool differently.

3. Here is a hot button issue because I am curious which direction society is trending. Where do you think the market is today in saleable properties. Racially segregated neighborhoods or racially diverse neighborhoods? I suspect it is the latter but I don't have much experience across a broad area as you might have.

Response by LTC Steve Mannell made Sep 25 at 2018 9:18 PM

LTC Steve Mannell — Tue, 25 Sep 2018 21:18:09 -0400

Sgt Andy Williams, thanks for taking the time to share your insights. Very cool that you are focused on more than just making a dollar. There's purpose to your business. Lots of people sell get rich quick real estate concepts. Would love to hear you talk about how hard you work at your craft and what key skills someone beginning military transition should develop before they take off the uniform and start their own real estate investment company. Can you do this well as a side hustle, or do you need to go all in to compete?

Response by SSgt Timothy Prevost made Sep 26 at 2018 4:50 PM

SSgt Timothy Prevost — Wed, 26 Sep 2018 16:50:57 -0400

Hi Sgt Andy Williams, thanks for coming on for a Q&A today. I just have 1 question for you.

How does a Marine SGT with an infantry background get into real estate? Better yet what helped guide you down that specific path of entrepreneurship?

Response by CPO Arthur Weinberger made Jun 10 at 2019 11:47 AM

CPO Arthur Weinberger — Mon, 10 Jun 2019 11:47:04 -0400

thank you Andy.

Response by SFC Melvin Brandenburg made Jul 12 at 2019 2:04 AM

SFC Melvin Brandenburg — Fri, 12 Jul 2019 02:04:18 -0400

Thanks for speaking with us