All Forum Posts by: Kelby K.

Hey all, I’m an investor that recently moved to Denver from Austin and I’m looking to get plugged in to multi-family and commercial real estate circles.

I’m looking to invest as soon as possible.

Any help would be appreciated!!!

Sounds interesting. Thanks for posting Matthew. 

Hi @ryan walker,

  Look into @Bo Harvel with Maximus residential. They do really solid management and are very responsive. 

Does anyone know of a good property management company in college station? One that also has a strong leasing focus would be preferred.

Hi @Lynn Currie, please send me the time and location. Thanks!

Thank you @Aaron Gordy! I have seen Matthew a few times on the site. I appreciate it. Talk with you soon. 

Hey all, I am in Austin TX and in negotiations on a retail/office property with a restaurant as the majority tenant and two other office spaces beside it. The location is solid but the history is minimal. The restaurant is an older building that has been completely remodeled by the operator to fit their needs (~$75k invested). The business opened less than a year ago and seems to be very popular and gaining steam. This is the operators second location and the first one is wildly successful according to the folks that work there (for what that's worth). The previous owner purchased at a discount and solidified tenants and did some minor improvements about a year ago. The restaurant is built out and can be transitioned to another restaurant style fairly easily. The office spaces have opportunity to add value. We have a history of multi-family and office property but this would be our first restaurant deal. Is there any specifics for restaurants that would be different than acquiring an office property? Any help is greatly appreciated. Thanks!

Make sure to look closely at the last 2 year's history to see how many new leases were signed. That'll give you a quick indicator of turnover. If it's a true class C property (C location, C structure, C tenants) then you will likely have above average: turnover, turnover expenses, breaking of leases, and maintenance.

@Austin McConnell welcome to Austin! I live in SW Austin and am glad we chose this area when we researched what part of town to move to. Let me know when you arrive and we can meet up for a chat. 

Are you interested in any particular areas of real estate?

@Chingju Hu, yes the ROI with regards to monthly cash flow is getting smaller. However, it is becoming similar to the Bay Area with investors buying on pro-forma's with low cap rates while banking on appreciation. The metrics seem to have been working in investors favor for about 10 years. We will see how long that lasts.

I completely agree with @Cody L., austin is a much much better place to live but Houston has more options/ability for investing. San Antonio should also be on your list. It seems to me to be a blend of Austin and Houston and prices are currently lower than both cities.