Austin BRRRR Investors?

Question

Are there any experienced BRRRR investors in the Austin area that would be willing to sit down for coffee/lunch (on me, of course) so I could pick their brain?

Never done a BRRRR before but am trying to start building my portfolio using this method. Would love to hear the experiences of others.

Brooke Roeder · Answer

There are some great books on BRRRR. I’d be happy to chat with you about it. But it’s worth saying that BRRRR is pretty difficult to accomplish in the Austin market. I’ve gotten lucky a few times with off market properties that I’ve located through connections or mailers. It’s not impossible but you’ll have better luck in surrounding satellite towns.

Aaron Kovac · Answer

@Jason Mileshko

Ideally, anything between 1-4 units. Just trying to achieve proof of concept and to be able to get back any capital put into my first deal so I can do another, without tying it all up in the first one.

Jordan Moorhead · Answer

@Aaron Kovac I'm actually hosting a meetup on it.

Sooraj Maharjan · Answer

@Aaron Kovac thank you for asking this question. I've been trying to break into Austin market for a while as well. I've been investing in Indianapolis for about a year now, and since I love here I'd love to either BRRRR or even flip properties. I've signed up for the meetup as well, and I'm really hoping to talk to someone who can shine the light. Please share what you have or might find out in the near future. I'm very interested as well.

Jason Mileshko · Answer

What kind of property do you plan on buying?

Aaron Kovac · Answer

@Jordan Moorhead

Awesome, I’ll be there and I’ll share with some of my colleagues/partners that are interested as well! Thanks for sharing!

Aaron Kovac · Answer

@Brooke Roeder

Definitely! I’m not really interested in doing a BRRRR here in Austin as I know how hot this market is since I do residential lending here. More or less just looking to learn from someone locally who has done it successfully before because I have no idea what I would be doing. I’m much more inclined to look at markets like San Antonio, Lubbock or somewhere else. If that makes sense.

I bought David Greene’s book BRRRR and waiting for it to get here. Despite all my research I’m still left wondering things like “well how does one gauge ARV if there really aren’t many comps available? How does someone figure out how much work needs to be done? Etc”

I like to think I have a well rounded understanding of how to fund such projects and the financing aspect since I’m a conventional lender, but the how-to and acquisition part of the process is what’s foreign to me.

Jordan Moorhead · Answer

https://www.biggerpockets.com/...

Austin BRRRR Investors?

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