All Forum Posts by: Bryan Noth

@Dmitriy P. thank you for clarifying.  1.5x our median apartment rent here would be steep.  Pet deposits are typically a few hundred, ranging up to $750 on some leases.  Annual inspections in place coupled with the increased deposit offsets the risk enough the vast majority of the time.  

@Dmitriy P. wait, the pet deposit alone is 1.5x the gross monthly rent?  Or the deposit and pet deposit combined has to be under 1.5x the gross monthly rent?

Welcome to the forums @Luke Mathisen!  You are in the right place and glad to meet you!

@Cade Gardner

Extremely effective when the owner/investor is conferred with taxes or has a specific payout plan in mind. 

Such a difficult question and also highly individualized.  I believe it comes down to your capacity, your risk tolerance, and your comfort level.  

• Do you have the cash for 25% down on a SFH and financing the rehab? This makes for a low stress BRRRR
• Are you risk adverse?  If yes stick to straight forward rehabs and keep a reserve amount for when the unexpected arises, not if.  
• Lastly, what fits for you?  STRs?  Buy and hold? Flips?  Potential upside on a highly distressed property?

I love straight forward rehabs.  Even if it's everything inside it's replaceable and that's fine by me.  When someone mentions adding a bathroom or moving a wall the risk/reward alarm goes off.  I will take those but they also tend to take up a lot of mental space when managing the project.  

If the stars aligned @Reese Chappuis, what would be your ideal first project?

@Dmitriy P. this varies quite a bit.  I have my PMs do add an increased deposit on the lease with annual inspections to assess.  The Austin, TX area has a multitude of pet owners so it's a majority of prospective tenants and if the fee is obscene your unit could get passed over. 

Congrats @Patrick Thomas Dickinson!  Love that corridor for growth.  Would you be willing to share some of your numbers for rent  analysis?  

@Akhila Chandupatla I agree with @Neil Narayan in that units tend to rent quickly if the property is priced appropriately.  I think the NW corridor of Leander/Georgetown is developing beautifully but the rent to purchase price ratio tends to lag slightly when compared to its neighboring suburb of Cedar Park.  I think the appreciation play is solid over time but proximity is hard to pass up for rental demand.  

@Taylor Dasch I think @Jonathan Greene hit some good points.  Austin is certainly a saturated market so if you need immediate income it may be prudent to consider joining a team or at least a brokerage that provides leads.  If you have solid strategies for generating your own leads and can weather the ramp up time it opens up more windows of opportunity. 

Welcome to the BP forums @Gerald Amasol!  Would be glad to connect, have a few rentals there as well.  What strategy or asset type are you planning to pursue?