Austin Mom & Pop Investors virtual meetup December 2020

[Matt Stricklen]

Hi real estate investors. PLease forgive the schedule disruption as we move our normal first Tuesday of the month meeting to Tuesday, December 8th at the usual time , 6PM central.

Here are the usual details:

-Primarily geared for Austin investors with 5 or fewer doors, but anyone is welcome.

-No pitch.

-google hangouts link: https://meet.google.com/qnj-wtxy-bia

Additional Details:

You may have seen my prior post about how we are trying to evolve using feedback from all of you. Eventually, we hope that will include a change of format which will allow us to use breakout rooms. For this month, however, we remain a GOOGLE MEET.

As to format- let's try to analyze a deal. Several of our attendees have wanted practice and feedback with that.

Here is a duplex in Austin that went under contract recently:

https://www.zillow.com/homedetails/5011-Cape-Verde-Cv-Austin-TX-78744/29467862_zpid/

Wait- there are no deals on the MLS, you say. I've heard that. But there is opportunity to learn using the MLS. Take a look at this one before our meet and see how you might answer these questions. Then, we can learn from each other while comparing notes.

• What comps can you find?
• What would the ARV of this property be?
• What questions would you need answers to in your due diligence?
• What do you e$timate for rehabbing this property?
• What would your exit strategy be? ( wholesale/ flip/ BRRRR/ buy and hold…?)
• What is the “buy right” price for this property AKA Max Allowable Offer?

Don’t stress over it- the "right" answers are the answers that get us talking and helping each other discover some “AHA moments.”

We hope you are all healthy and safe and we look forward to seeing you virtually on Tuesday, December 8th.

cheers,

Matt and Kelli