Evaluating rentals criterias in Austin area

[Tony Lin]

Hi there, I'm new to Austin SFH investments so not very familiar with the right values to put for projections. I'm mainly looking for long-term appreciation (5-10 years hold) and OK with some negative cashflow in order to get long term appreciation. Can the more experienced members help checkout if some of my preset and rent/appreciation assumptions are reasonable?

[Nina Hayden]

Make ready needs to be higher.  I haven’t gotten away with make ready being less than 1500 because of painting alone!  Also interest rates seem too low, but I’ve not needed to take a loan for my investment properties so I can’t tell you. Only one of my properties has a loan and it’s in the 4.25 range I think. I can’t remember.  And that was with 30% down. Management fee needs to be 10%.  Selling cost 6%.  Last but not least, don’t know where you will find a property for 300k right now that will yield 2k rent.