All Forum Posts by: Bryant Xavier

Hey, Aaron! It's great to hear about your progress with BRRR's in Texas. Finding reliable contractors for out-of-state investments can indeed be challenging. Word of mouth recommendations always goes a long way with me. I always check around with other property owners, investors and ask them who they're using for their construction work and if they were pleased with the work.

As a realtor, investor, and owner of a construction company in College Station, Texas, I understand the importance of having trustworthy and efficient workers. I'm originally from Tyler, so I'm familiar with the area and market, and I have some subcontractors in that region who might be able to help you and I am happy to make those intro's if still needed. 

Feel free to reach out if you need any recommendations or assistance with your projects. Best of luck with your 6-unit deal and future investments!

Hey, Matt! 

Tyler local, so sparked my interest whenever I see anyone post about the area.

Given that your duplex is fully paid off and generating a steady cash flow of $1400 per month, it's understandable that you're having second thoughts about selling it. Cash flow is crucial, especially if you depend on it for your monthly income.

Selling the property for $170k, which is above its market value of $120k, might seem like a good deal initially. However, after accounting for long-term capital gains tax and other expenses, you would be left with $150k which is important to budget and account for. Investing this amount in passive deals might not provide immediate income, and you could end up waiting years to see returns (similar case in most investments.) 

Ultimately, the decision should align with your long-term and short-term goals. If maintaining cash flow is your primary objective, you might want to explore other options. For instance, you could look into refinancing the property to access some of its equity while still maintaining ownership and cash flow. Alternatively, you could consider seller financing, which could provide you with a steady income stream while selling the property.

As a real estate investor, realtor, and owner of a construction company near Texas A&M (College Station/Bryan,) I'm happy to help in any way I can. Whether you need advice on selling your property or exploring other investment strategies, feel free to reach out!

Hey, Joshua! I'm a Tyler native.. born and raised there. Love seeing other biggerpockets members from the area. Wanted to reach out and congratulate you guys on your journey and wishing you the best. 

Let me know if there is anything I can do to help you. I'm an investor (STR properties), realtor, and own a construction company near Texas A&M in the Bryan / CS area but travel to the 903 frequently to visit family. Maybe we can connect sometime soon and brainstorm some ideas.

Mitch,

It sounds like you've had a successful run with your rental properties in College Station/Bryan - I'm impressed! The demand for student housing in this area remains strong, driven by the presence of Texas A&M University and its large student population. The rental market conditions are slightly tight, indicating a healthy demand for rental properties.

Student housing continues to be an attractive investment opportunity due to its recession-resistant nature and consistent demand. Investors are particularly interested in properties near major universities, as they offer stable and growing returns. The appeal of student housing to rental investors lies in its ability to provide a steady income stream, especially in areas with high enrollment growth and limited new construction.

Given your experience and the quality of your properties, you should find a receptive market among rental investors. If you decide to sell one of your houses, it could be an excellent opportunity for an investor looking to capitalize on the strong demand for student housing in the College Station/Bryan area.

As a real estate investor, realtor, and owner of a construction company in College Station, I'm happy to help in any way I can. Whether you need advice on selling your property or transitioning to your new business model, feel free to reach out!

Bryant 

Welcome to the group, Tanner and congrats on getting married this year! I just got married this year in September. I am right down the road in Bryan / CS, TX.

My piece of advice would be to try to take advantage of as much free education as possible with podcasts, forums like these, YouTube, and other real estate investors. There are some great meet ups in your area I'm sure and a lot of people at those meet ups are more than happy to chat and give ideas and answer questions.

Secondly, I'd chat with a realtor and get some recs on lenders to truly see what you're working with in terms of buying power. You never really know until you know. Plus, if you aren't able to get approved with what you've got now in terms of savings, credit, etc. you can learn on what you need to qualify so you know what to be working towards.

Hope this helps!

I'd check into TurnOverBnb and or contact some local Airbnb host groups and ask them who they're using. Hope this helps! 

@Morgan Tondre second what Morgan said on the short term rentals in college station. I'm local in the CS makret and have years of experience and she's right... ton of parents visiting students, game weekends are huge here and any alumni events for the university. I think the area is great for short term rentals! 

Spencer,

Welcome to the group! I am a realtor, investor and own a construction company located in College Station, Texas (home of Texas A&M.) 

I specialize In helping investors like yourself locate, and secure investment properties and provide a hands off experience along the way. I also work with atheletes to find housing since I am a retired athlete myself. 

I sent you a PM to connect, and see how I can help you achieve your goals. Looking forward to chatting 

Spencer,

Welcome to the group! I am a realtor, investor and own a construction company located in College Station, Texas (home of Texas A&M.) 

I specialize In helping investors like yourself locate, and secure investment properties and provide a hands off experience along the way. I also work with atheletes to find housing since I am a retired athlete myself. 

I sent you a PM to connect, and see how I can help you achieve your goals. Looking forward to chatting