All Forum Posts by: Chris Sweeney

I'm with Ian and I have lots of experience in new home sales. You get what you pay for with a home inspection. ASHI and TASHI are two home inspection associations that have search functions for local inspectors.

Get a capital partner and a realtor who knows deals meaning is an active investor. Good luck. Keep at it. Top schools getting too cash transactions like Leander ISD so maybe poke around up there.

I'd crunch the numbers and see what your rehab costs, carrying costs, etc are for kicking out a tenant, rehabbing and then renting it. Why not just rehab as the units go vacant naturally like Mindy said? What about offering to improve a unit in exchange for a rent bump but not doing a full rehab (like just tops, appliances)?

Welcome to Austin. Investing works here just have to try harder. Don't lose sleep over PMI. Also there's a Travis County down payment assistance program that's 3% down I think.

I like the area and live close by in Bee Cave. It's low hanging fruit but maybe for your personal residence but not so sure about investing. I sell new homes too and so all in price is tough to know on the surface. Rents are just over $2k a month there so cash flow isn't going to happen even to cover mortgage not considering 50% rule or maybe less since it's new. Don't get me wrong you can find a deal there but I'd do some direct mail/yellow letters to the area, network with some Realtors, etc.

Welcome KG. Great energy just keep it up.

Ive found this Tenant Tights Handbook helpful https://www.depts.ttu.edu/sls/forms/Tenants-Rights-Handbook.pdf

Maybe start with a scraper/tear down and give that a shot. Talk to planning and zoning about what's required. Infrastructure and utilities already in. Need deep pockets otherwise and the builders I've worked for that have the deep pockets still overpay at times and then it's a nightmare when retail pricing is out of whack and the consumer walks.

Need more comps and that should give you the answer.

Not that uncommon Cole. There are times a seller wants to stay for a bit. Maybe there new home is under construction, they want to wait till kids are out of school till they move, work transfer delays, etc. There's a TREC form for a leaseback. Pretty straight forward.