All Forum Posts by: Damian Chavero

Hi all,

Hope you are having a blessed week! I am starting my first remodel project in Austin, Texas.. would love to connect with anyone to learn best practices, do's and dont's, and just discuss the process in general 

Any advice would be much appreciated! Would love to connect live!

@Christian Stoecklein

Sent you a direct message!

Helping optimize a portfolio of 10 SFH's

Their current book keeping process is a mess and inaccurate. Curious what you guys have seen as the best way to create systems / processes and can share? Any good software out there to automate this?

Any tips much appreciated!

Also if you’re in Austin, let’s meet up!

Thanks

Damian

What’s up y’all - Curious what you guys think regarding financing investment properties

Is it better to put down a larger down payment (30-35%) on an investment property vs the minimum (~20%)? If so, why?

Specifically, I’m looking at investing in a quadraplex in the Austin, Texas market and weighing out the best way to finance this deal.

@Damian Chavero

Just to clarify, I meant 20-30% as a down payment, not appreciation (may come across that way)

Main question is what would you recommend to put down to maximize return

@Ryan Kelly

Hi Ryan

No sir, 275 is agreed upon selling price

Hello,

I am new to REI and this site.. greatly appreciate the time and your responses in advance!

Currently running the numbers on a single family home in Kyle Texas (10 miles south of Austin). Would like to know if any experienced TX investors would have some time to review my numbers and provide any tips / feedback in general. my goal is to purchase this house and leverage the equity in the following year to purchase more properties most likely in other markets considering austin is hard to find good cash flowing houses / competitive

$275k purchase price (should appraise for ~300k or more)

Looking to put 75k (27%) down - This is flexible, would be curious what you would recommend to put down as a down payment? I am confident this house will appreciate nicely, I assume 20-30%? 

Some rehab necessary - 15-20k tops

monthly rental income - ~2000k

After renting this out, NOI sould come out to ~$1900 including vacancy, maintenance, capex, and management fee's.