All Forum Posts by: Aaron Gordy

There are a variety of deals out there but I am not going to give out my honey holes.  I love to fish. If I tell everyone where all the fish are at then pretty soon those fish aren't there anymore...  The only thing that I would stay away from like the plague is office deals. Retail is great. Multifamily is good in some areas. Sfh and condo's are a little tougher to cash flow. I ran the numbers on a 1x1 condo near the domain and it was a terrible deal. No thanks. 

You can cash flow in Austin. Keep in mind that the more down payment that you put down the higher the cash flow. In the primo areas its less likely to cash flow as the prices are very high relative to rents. In the suburbs and exurbs it will be easier. Its definitely a deal by deal basis. Its unlikely that you will get a dart and throw against a map in a zip code and get cash flow. Its really a deal by deal basis. 

Leander and Georgetown are good ones. The suburbs and the exurbs are good. Georgetown is the fastest growing city in the US. I would think about that for a bit and consider the main drivers of the growth there. Williamson County has been good for quite some time. 

Depends upon what side of town you will be working on and if you will be required to go into the office for work. It would not be fun to commute from south Austin to far north austin during traffic every day. Or vice versa. Unless your idea of fun is to sit in traffic for an hour or so every day. 

Buy a condo but you could buy a duplex or a house depending on a variety of circumstances.  House hacking is gold. 

@Joseph Henry The days of just randomly picking out a property on the mls and picking a winner are in the past. There are deals to be had but one has to be creative and very selective. An investment deal isn't necessarily a duplex or a house either. There are other types of product to choose from that might make more sense if the yields from day 1 isn't interesting to you.  

Watch out for the high property taxes in Buda. They tend to be higher than other suburban/exurban areas. 

Section 8 is golden. I have had two very great experiences with Section 8. My current portfolio doesn't really align with Section 8 though. When I had some duplexes I had a tenant for probably 8 years. The other one probably 5 years. The money was guaranteed. In both situations most of the money came from the govt. Rents were raised. You should screen them and certainly ask the previous TWO landlords about the experiences. The tenants are less likely to move as their ability to move too as their housing choices are limited.  

I like Austin metro. I am busy in the exurbs with deals. 

@Bryan Zavala buy a sfh to house hack. Condo's too. I know of one investor who has 9 condo's who started out house hacking and then bought another one and then another one. He swears by condos as they are extremely easy to manage with very very little maintenance. It enabled him to start up a business which he has ran for years now. But his path began with a little ol condo that he househacked. 

Old houses are tough!! Personally, I don't like bringing all the electrical and plumbing up to code and then you are still stuck with a floorplan from the 1930's. The typical family desires of the 1930's are very different than 2023. But it sounds to me like you two made it profit. Congrats!  One of the most critical elements to any solid jv is in the writing. A good real estate attorney who is very experienced in such matters may have made it a smoother ride with a well defined operating agreement. I will spend an extra dollar on legal structure to save me monstrous headaches and sleepless nights.