All Forum Posts by: Aaron Gordy

Bastrop and all things east of Austin. 

Austin has alot of multifamily construction going on presently. It will be interesting to see how it plays out. Austin still has a ton of people moving here all the time.  Retail is hot and will continue to be hot. Office is not! Industrial is okay. 

A real estate agent that knows everything about the state of Texas is a tall order. Texas is a huge state. East texas is very different than west texas with very different industries. The same can be said between north and south Texas. The expected yields in each area are very different. I read somewhere that 85% of all Texas residents live in the texas triangle with dfw at the top, SA on the bottom right and Htown on the bottom left with Atx in the middle. I like the ATX metro alot more of course but I love it when the rest of the state does well because they have to pay taxes which will largely go to Atx. : )

STR vs LTR. Ltr is much better imo even though the cash flows do not look as nice on paper. The reason is that I value my time alot.

STR is time intensive. Some folks do very well with them but its a job. My ltr is not a job at all. Its incredibly passive.

So, if I have to spend 1 hour a month dealing with a property that generates 100$ vs 20 hours a month dealing with a property that generates 1000 then its a no brainer for me. I will take the 1 hour as my time is now worth 100$ per hour vs. $50/hr (1000/20). If I have to spend less time on the ltr like depositing a check or better yet doing nothing as its direct deposit then my time generating that 100$ is 5 min (checking bank account online for the deposit). STR takes up a bit more time, imo. But there are caveats, of course. If the STR is a cash cow and I have the mechanisms in place to manage it so that my time spent is very little then the math equation is very different.

@Terry Landon The question should not be imo where are big businesses moving to, to determine a big boom. It should be what metros or states foster job creation through business startups and successes. I think that Texas is number 1 or has been near number 1 for quite some time. 

@Jeshua J Snyder Watch Joe Pesci The Super to gain insight about landlording...lol. If I were you pay close attention to the words of wisdom from @Costin I. He is passing along solid info. 

What are you looking to do? There are many different ways to get into each the markets with a variety of investment strategies and targeted focus. 

The event last year was a very good one. Looking forward to this one as well

My advice is to chat with an agent/broker that is knowledgeable and has the ability to pull it off. You might be able to qualify for first time home buyer credits too. There are a number of ways to make your deal happen. There are deals to be had in todays market, no doubt. Folks are getting nervous but that is when the true grave dancer optimists come out to play. Good times!  

If you are talking about the one on nicole, be wary. That street is notorious for foundation problems. There is usually lagging rent with many rentals that you will find. Its costly for the small landlord to have vacancy and usually will keep rents lower than market to incentivize the tenant to stay. You can always increase the rent to market rent but beware that the tenant will have less of an incentive to stay. 

Define house hacking for us. House hacking seems to mean different things.  Will you be renting per room on both sides? How about str or mtr on one side?