Posted on Sep 21, 2018
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?
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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.
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.
Entrepreneurship
Real estate
Real Estate
Employment
Loan Officer
Posted >1 y ago
Responses: 15
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Why do lenders in much of the country tend to shy away from VA home loans?
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Sgt Andy Williams
Lt Col John (Jack) Christensen I don’t think Linder shy away from the VA loan. I think that there is more that specialize in you should focus on those that specialize in the loan and let them earn your business.
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Do you recommend leveraging debt to get into real estate investing or buying and owning properties outright?
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Sgt Andy Williams
LTC Daren Walker I believe that each investment, each investor needs to take his own journey. Speak with the financial advisor (many veterans are in this space), become educated on the risk of buying real estate and what the investment would effect your plan. I leverage so that I can grow faster, but I also understand that real estate moves slow. So when you invest always know that you make your money when you buy; invest for the long term.
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Maj (Join to see)
I'll echo Andy's comment in that each investor must decide which strategy is best for them. Me personally, I have decided to leverage as much as possible. I've found that this enables me to grow my portfolio faster, thereby creating cash flow also at a faster rate than having to wait for the capital to buildup to purchase a property outright.
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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.
Glad to see a Marine doing as well as you are.
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Sgt Andy Williams
Cpl Jeff N. That’s a good question. I started with income properties, use my cash flow to manage the debt service for flips. So I would recommend starting with income properties, rehabbing to rent. Repeat 3 times. Then try to do a flip. The principles you learn through, buying, renovating, renting, refinancing applies heavily to flipping.
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