All Forum Posts by: Heather Rummel

Thanks Ryan!

Hello Everyone!  My sister and I plan to buy our first property together in the Austin, Tx area in the $400/500k range.  We are leaning towards doing a medium term rental (30+ days but not a regular 12 month lease).  We plan to do this so we can utilize a vacation home loan for our first property (we will stay there occasionally).  Curious if anyone has any thoughts on a good location for this.  I don't know the area well and will be leaning on our property manager and realtor for help but I'd love to hear from this group as well.  Thanks so much for any advice!

Curious if anyone can recommend a specific area within Austin that you prefer for renting by the room to young professionals.  My sister and I plan to do this for our first property and have decided on the Austin area.  If anyone has any advice on a particular zip code to focus on, I'd love the advice!

I have never posted before so please let me know if I'm doing it wrong. I am a (very) rookie investor planning a house hack. I will be adding an ADU (additional dwelling unit) to my property for rental income. I have a bid from one architect that seems very high. Can anyone provide an architect referral in the Los Angeles area (Altadena, CA specifically)? Is an investor friendly architect even a thing? If so, that would be a huge plus.

Also, this might be a dumb question but is it ever possible to get a loan on the ARV? The home is in a very expensive neighborhood so the additional square footage will make the property worth so much more after than it is currently worth. I was thinking we could do it like a BRRR but I'm worried about refinancing after the build because the interest rates might increase dramatically by the time its finished.

Any referrals or advice you can provide would be so appreciated.

Thanks! Heather