All Forum Posts by: Aidan Mosher

I am in agreement with Jacob on the cash-flow issue. Renting these type of properties can be an interim solution, but shouldn't be your primary goal. I find that there are plenty of opportunities for this type of Rehab+ADU strategy in East Austin, but the most profit can be realized by quickly building and flipping.

The most important aspect in these deals is staying out of trouble with the city. Make sure you have a contractor/builder who knows the building code backwards and forwards, otherwise you risk taking down an expensive property without being able to execute your strategy.

I'd be happy to help Rob. We can't do farmland, but can definitely help get you a lot of leverage even in smaller markets

The size of the house is important as well. If this property needs to be taken down to the studs then even up to $50-60/ft isn't unreasonable. 

Have you accounted for the cost of your money. I have a few very good spreadsheets for figuring these estimates if you're looking for more resources. Feel free to reach out to me.

I would agree with Shawn on the Guru route. Make sure you use the REIC for what it serves best, networking and leads. You can also use Self-directed IRA company's to invest with your IRA money tax free. There's actually a great event going on tonight in Austin run by a company that does just that.

Austin is also a tough nut to crack with $35k. You may be able to pick up some subject-to deals, or a flip on the fringes such as Round Rock, Leander, and Cedar Park. You may even consider looking around the Killeen area where Fort Hood is. There are a lot of VA foreclosures in the area, and you might have a leg up on the competition because of that.

If you wanted to go the flip route, I'm a strong believer that the best bang for your buck is down the road in San Antonio. 

Try reaching out to Eric Greenwood of No Bull Investments. He is very active in SW Louisiana. nobullinvestments.com. 

I would try addressing the question to the Houston community as well, as there are a lot of investors there that go across the border.

It really depends on what route you want to take with your next project. Hard money can be a great tool for leveraging your cash, but due to the cost, it's meant more for shorter term projects like a flip. 

Hard money can still be utilized for rentals as long as you're adding some value. I have multiple clients that find distressed properties, use hard money to update the home, then refinance into long term loans. This helps keep them liquid and come in with far below 20% on their conventional loans due to the equity that they have added to the property.

Aidan Mosher

I'm a loan officer for a hard money lender for flips and new construction that operates in Dallas / Fort Worth, and Houston, and am looking for ways to increase my reach in DFW.

DFW seems to be a very different animal from the rest of Texas as far as what investors are looking for. Any advice on what might be the right niche to shoot for? Or possibly mistakes made by other lenders that I could make sure to avoid?