All Forum Posts by: Jacob Pereira

@Brian Tustin this is spot on. Also, if a long-term

Property manager company was asking 6%, I'd assume they were no good. For short term, 15% is still crazy low.

@Alice Huang, your realtor should be able to set that up for you. I'm going to warn you, though, a lot of those guys pull credit too

@Benson Gee, we're all biased here. I love my city of Austin, and the metrics for appreciation are great. What are you end goals/strategy? If you want to flip, it's maybe not the best city, but our inventory is so low, there's a very good chance of sustained appreciation.

@Jack B. Sounds like an extra selling point! I say feature the permissive lifestyle as a benefit and watch the offers roll in.

@Ben Hunt, as everyone else has said, start now. Fourplexes in Austin are super hot at the moment, so be prepared for multiple bidding situations. There's no downside to talking to your bank and figuring out what you can afford and getting on a search with an agent. If you see something that fits your metrics, jump on it!

@Nathan G. Spiders. 'nuff said

Agree 100% with @Joe Scaparra and @Ryan Kelly, but there's also nothing wrong with buying a condo to live in if that's your preferred lifestyle. @Neil Narayan where are you seeing downtown condos with such low HOA fees? I don't think I've ever even seen an efficiency with fees below $300 downtown.

@Marielle Walter, there's still plenty out there, as long as you're willing to do a bit of value add. I like duplexes and fourplexes, which are getting a bit tough to buy under 300k. Still, you can cashflow plenty of SFRs on the east side or in one of the surrounding cities such as (as you mentioned) Round Rock, Buda, Manor, San Marcos, etc. If you want me to set you up with a search, PM me your email address and some basics of what you're looking for. No obligation, it just takes me a few minutes.

@Sabrina Long, how exciting for you! Can you give us more info on your out of town flip? I'd also be happy to talk to you about how I started investing in Austin if you're interested(16 units in the city limits currently). I'm certainly not a big-time investor, but you might get something out of it.

@bryanhancock, Big Daddy's has been closed for a while now. I would be interested in that group if there going somewhere else, though