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All Forum Posts by: Justin Highland

Justin Highland has started 1 posts and replied 5 times.

Casa Chappala, Ken Harris was still doing in person, Every Tuesday 11:30, have not been in a while though

Post: First Time Home Buyer

Justin HighlandPosted
  • Posts 5
  • Votes 0

Lol, throw in 12B, or use keller mortgage, cause they pay the closing costs and give you a $1000 credit. 

I don't really see a plan here in your post. Need a plan. Austin is unforgiving in rent versus payment/holding cost. The major plays you see here are flips/new construction. If you can harvest the right deals, should make 50-100k easy. Cap rates suck, especially if you are financing. My 10 cents is partner with someone that is already doing flips/new construction in Austin. If you are dead set on cash flow, find plays somewhere else in Texas. The state as a whole is growing. You can't hardly turn a buck renting houses out by the room for 600-1000 a piece right now. Plus the headache of 3-4 tenants versus 1. 

Don't mind the "pro". Personally, it depends on what you want resource wise. Personally I'm with KW, and there are pros and cons to it. KW will let you list your own properties, and gives you two transactions a year that you don't owe them commission on. They are also good for building a network and have resources available for education. There are several options for 100% commission splits in town. Feel free to message me. I'd post my email, but apparently thats prohibited. 

My property is in a small unincorporated area south of I-20, East of I-35, and West of 287.

It's some of the last rural property available in the area. I currently have the house leased, and my mom runs an equine therapy business off the back.

My question is:

How do I better utilize this property to my advantage? I've thought of buying a few airstreams to Airbnb, building a tiny home to rent out, storage units, or pouring a few slabs for RV/Mobile homes.

Just curious what the pros would do.