New Investor looking for first deal in Austin

[Clay Danly]

Hi All, 

Excited to be apart of the community. I've been working in real estate for 4 years, first as a hard money lender and then as an commercial agency lender (Fannie/Freddie) in Los Angeles. 

After starting on the sidelines, I'm looking to invest in my first deal by the end of the year. With enough capital for about 20% down on an SFR to duplex, I'm focusing primarily on the Austin, TX market as I'm priced out of my own city. Please reach out if you're active in the area, would love to meet you and learn about your experience!

I know the Austin market is hot - But looks like there are still deals to be had!

Best, 

Clay Danly

[Jordan Moorhead]

@Austin Hurwitz that's so hard to predict but you can always look at historical appreciation and rent growth. What rents are you using? I find out what the rents can be and use that. Also you need to make sure you have accurate expenses, most people inflate these because they're scared and feel like if they're extra "cautious" everything will work out. In reality they're being cautiously unrealistic and killing what could be a deal.