All Forum Posts by: Danny Webber

Cash flow is not terribly relevant in Austin. A break even cash flow deal with 7-10% annual appreciation and your principle reduction each month is a winning deal.

Austin= #1

Killeen, TX= #6

I cover both!!!

I dig this

ARE YOU GOING TO BE FT OR PT?

THAT IS SOME GOOD INFO

I cannot keep up anymore

https://www.cnbc.com/2020/08/10/president-trumps-executive-order-does-not-extend-eviction-moratorium.html

forget that .65 stuff... it is a hope right now and not terribly realistic for most deals in Austin. I am good buying a 75-85% deal as long as the $ are right. 

IE 80% of 300k (60K) vs 80% of 200k (40k)

I look at dollars made these days vs %'s. 

Although, 

I own a construction company so can rehab for cheap

I own an insurance company so can write my own insurance for cheap

I am a RE Broker so do not have to pay commissions

That makes a difference

i would sell and go after more deals if you need capital

I would add "not looking a the Real Rate of Return" on their investments. Normally they look at nominal only.

shop for some owner finance deals/NQLA deals