All Forum Posts by: Danny Webber

somewhere near a clear water beach

GC FOR SURE. I opened a construction company to keep my flip contractors busy in between jobs and now the construction company makes 3 times what the flip business does due to lack of deals. 

I have "Austin Growth Fatigue"...... so much so quickly!!!

I would look at a duplex or 4plex in that price range. IMO they are infinitely better than SFR for new investors. I would also look outside of DFW in Waco/Belton/Killeen. You can get good cash flow with moderate appreciation in those areas.

congrats

I would do it

You need to drill down on those goals. Give them some depth. 

A stated goal without a solid executable plan is a wish. 

I can tell you that looking at your stated goals you will need a lot of cash to get there or leverage/sweat equity.

10k a month- net or gross make a huge difference

10 Million net in Austin (as an example) is app 33 homes +/-

You will need dti's (large income) to purchase/refi these, large assets as reserves and a portfolio lender to even consider this. You will also need to be lucky to find 33 properties that aren't all neg on cash flow that you can actually purchase or refi if acquired. It is doable but you need to look at the paths to achieve this through the numbers to see if it is doable on your own. 

I personally would start with a smaller goal/equity position and build from there. At least that would be possibly achievable.  I am not beating you down but those are just not achievable without a very large cash/assets/income starting position unless you have decades to burn.

I would love for someone (not me) to run a scenario like this using realistic lending/purchase/refi/acquisition numbers so we can see it illustrated on paper for a gut check. 

Look for 4-plexes in communities 60-90 minutes outside of major RE Markets. 

I like 1990+

2/1.5's at a min

app 3200 sqft +

large land with paved lot

individual fences preferred

I see many posts on BP asking if this deal is good or bad? The truth is that every deal is good and bad depending on your individual investment goals. Some deals will fit perfectly into your portfolio while others that seem good on the surface do not fulfill any of your REI Goals. I've attached a quick visual representation of how I encourage individual investors to build their portfolio. Remember that it will normally take multiple property types and usually multiple markets to balance a portfolio based on it's goals.

I hope you all find this useful!

I see many posts on BP asking if this deal is good or bad? The truth is that every deal is good and bad depending on your individual investment goals. Some deals will fit perfectly into your portfolio while others that seem good on the surface do not fulfill any of your REI Goals. I've attached a quick visual representation of how I encourage individual investors to build their portfolio. Remember that it will normally take multiple property types and usually multiple markets to balance a portfolio based on it's goals.

I hope you all find this useful!