All Forum Posts by: Bryan Noth

@Rick Reeder I agree with @Cameron Tope I think this proposal will see significant push back and if it is adjusted then CPAs, attorneys, asset managers, and real estate investors will have to explore other avenues to delay or mitigate that tax impact.  Interesting they have chosen $500,000 which is the current current cap for capital gains exemption on the sale of a primary residence, for a legally married couples at least.  

More growth announced for this Northwest corridor of Austin, TX.  Article link below:

https://www.bizjournals.com/au...

Hollywood in Central Texas? 546-acre Bastrop 552 project could create moviemaking hub east of Austin

Article link here:

Originally reported here:

https://www.bizjournals.com/austin/news/2021/06/06/bastrop-film-studio-line-204-studios.html

@Prash Manohar 

Map here indicating the area for Jay Paul Co.'s development Springdale Green:

@Nicolas Thatcher @Timmy Fritz it was delayed yesterday and a final vote is taking place on June 10th for this development.  

Article link here:

https://www.bizjournals.com/au...

@Julien Amparan great conversation starter. 

Love this quote @Corby Goade

And I think @Nicole Heasley Beitenman also put it well.  There is never going to be a perfect time to invest, that window is only evident in retrospect.  Success Lane is never lit with all green lights ahead and no one else on the road.  

@Raffi Mannarelli the STR route has potential, but to do so in the City of Austin proper it would likely need to be as a primary residence (which could be done house hacking and renting out rooms) and then convert to a STR as an exit strategy. The long term rental works well if you can float the first 1-2 years. I am quite supportive of having a reserve fund model for traditional long term rentals in Austin because cash flow is thin starting out. You can put a larger down payment to force higher cash flow, but your corresponding cash on cash return will drop. You cannot cheat the numbers but you can tweak them.

Also worth asking your lender what the rate is for 25% down versus 20% on a SFH investment purchase if you are considering that avenue.

More room for growth announced in this Southern Suburb of Austin.  

Article link below:

https://www.bizjournals.com/austin/news/2021/06/03/kyle-hays-commerce-center-industrial-space-austin.html

@Jordan Moorhead is right on the money @Raffi Mannarelli. In the City of Austin it will need to be your homestead, assuming no other HOA restrictions that may restrict property use. Suburbs and surrounding cities of Austin are far less stringent on STR R&Rs, but again, be mindful of HOAs that restrict leases under 30 days.

Las Vegas based Switch Inc., a data center company, announced that Round Rock will its first Texas site.

Certainly has been a lot of growth in that particular region of the Austin MSA.  

Full article link below:

https://www.bizjournals.com/austin/news/2021/06/02/switch-to-open-facility-on-dells-round-rock-campus.html

Welcome to the forums on BiggerPockets @Alex Fairman, keep us updated on your progress!