Jason Thomas

"President & COO"
  • I'm a:
  • Real Estate Professional
  • Company:
  • The Vizion Group
  • Location:
  • Web sites:
  • Phone:
  • (816) 437-8386
Jason Thomas,  in Kansas City
  • 4 Answers
  • 1 First Answer
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About Me
Although I have my real estate license I don't consider myself a realtor, I'm a real estate investor. My company had successfully rehabbed and flipped over 50 properties in the last four years, most which since 2007. I love the real estate business and take pride in providing people with quality homes. We focus on giving a person a like new home for a used home price.
My Q&A View all >>
Jason Thomas's Questions (0)
Jason Thomas's Answers (4)
Jason Thomas answered:
EVICT ASAP! They will suck you dry if you don't. - Wed Aug 13 2008, 16:22
Jason Thomas answered:
I would say underbid by 20-30k, depending on the situation (area, days on market, etc.) I have purchased over 50 REO properties and have rarely (if ever) paid more than 10K less than the asking price. - Wed Aug 13 2008, 16:19
Jason Thomas answered:
Tim,
I have helped many people in your situation own their home through a rent-to-own system. We utilize a credit cleaning company to build credit and set aside a portion of each rent payment for down payment. I would suggest looking for lease option or rent to own properties in your area. They are becoming more popular because their are countless people in your situation.
Otherwise I would suggest finding a credit cleaning company, saving for a down payment, and getting a copy of your credit report if you don't know the score. You should start with the credit report. You can get a free one at http://www.freeannualcreditreport.com
You might want to check RateSpeed as well. They offer transparent mortgages so you don't get taken by a crooked mortgage broker. You will see the wholesale rate you qualify for without entering any personal information (no social security number). - Wed Aug 13 2008, 16:14
Jason Thomas answered:
Absolutely, now is the time! Finding the right deal is easy, the difficulty today is obtaining the right financing. True, you may not be able to flip it but if you offer the property for lease option (rent-to-own) you should have no problem getting someone in it. There are many benefits to lease options for the investor as well as the tenant/buyer.
For you, the investor:
1) Pay long-term capital gains as opposed to short-term - less than half as much.
2) No negotiating on the price
3) No commission
4) Monthly cashflow
and many more
I've been flipping and lease optioning properties for four years and now is just as good a time as any. - Wed Aug 13 2008, 16:07
Experience
Latest:
President & COO for The Vizion Group
January 2007—present
Previous:
Business Consultant for Wealth Information Network
September 2006—January 2007
Previous:
Fund Accountant for State Street
September 2005—May 2006
Interests
On top of real estate I love sports, helping people, cars, and anything else that can get me hurt. Business and venture capital are also very interesting.
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