All Forum Posts by: Alex Yang

Hey Jaycee thanks for the response.

So far I've seen land at a minimum 130k, national databases estimated build costs to be anywhere from $120-200/sq ft & had a realtor supply comps for the building to be around 530-550k when finished.

Professional remodeler, first time builder. It has been my life's mission to build my own duplex, house hack it & use it to catalyze the BRRR cycle.

As I get closer to breaking ground on the project, I'm still not 100% confident in it's feasibility due to the costs of land & construction considering it is mandatory to secure an appraisal 20% above build & land cost. 

Are there any central Texas builders out there that can offer me some guidance with these concerns?

@Whitney Hutten Thanks for your input. That has exactly been my plan but I got this feeling that I was making excuses by waiting when there may be another way to start now. Thought I'd entertain possibilities available sooner.

@Anthony Dadlani when you say capital partner, are you referring to a private money lender as opposed to hard money or a credit union/bank?

@Jordan Moorhead Early December 2020

I'm a full time student from Austin, Texas with the coming summer and fall semesters left in school. I've been telling myself I can't start investing in real estate until I graduate and get a job but now I know it's probably a matter of "How can I.." rather than "I can't until.."

A BRRRR or flip would be great for my first project. I'm familiar with the steps and processes for both but not sure how i could fund my first deal with 25K cash, about 700 credit score, no income or job, no leverage-able assets and no experience yet (and ideally get my cash back out quickly.)

Any tips or ideas would be greatly appreciated!