All Forum Posts by: Lynn Currie

Hi @Keith Bynum

Network, network, network, and when you start working with investors, be a solid, stand-up guy and you'll get repeat business. Word travels fast in this community.

For your website, go with Wordpress. It will make it much easier to manage as you grow.

@Daniel Canales I have. What can I help you with?

@Patrick Connell

Interesting. I'd love to know what you find out and come see it if you build from them!

@Patrick Connell 

Are you talking about SIPs? http://www.sips.org/about/what-are-sips

I have a friend who uses them in the hill country, but mostly for indoor walls. My understanding is that they're significantly more expensive to build with and most of the folks that use them use them for energy efficiencies, not timeline efficiencies.

One of the challenges you'll face in building with them, is that running the electrical and plumbing is different then running them in a stick built house. If you don't have crews that are already used to working with them, this could cause some issues.

Let us know what you find out!

@Heather LavergneYes, all are welcome. Investors of all levels come to the Meetups to learn.

@Gonz TrevinoMy projects are usually houses in really horrible shape that are located in great, central neighborhoods.

For those that would like to join, we are doing this as a field trip this week. The address of the project has been posted on our Facebook group called "Central Austin Real Estate Meetup" (don't want to post here as it's a public forum and I don't own the property). 

For people that show up at the office instead of going to the property, the address will be posted on a sign on the front door. It's only a few minutes from my office. 

@Raphael Cuthbertson If you have neither the capital or the experience to develop the lots, you're unlikely to be able to get financing for the project.

If I were you, I'd find a builder that might be interested in them and wholesale them to them. If you want to learn the business, offer to waive your wholesaling fee in order to shadow his GC or project manager.

My builder's risk is in the name of the LLC, not my personal name. It's held by US Assure.

@Brandon Willin the answer is "it depends." Generally speaking, an SF-3 lot with more than 50' of frontage and that is over 7000 square feet can have a duplex. Some neighborhoods have different rules in their neighborhood plans.

I covered a lot of answers on this topic on one of the Meetups that I hosted. You might find it useful.

@Noah Weitzman

Cash flowing houses in Austin are a little like unicorns, right now. Everyone would love to have one, but nobody seems to be able to find one.

Others can jump in on this, but you might want to consider NOT telling the person renting from you that you are also the owner since you're living next door to them. 

Depending on the renter, that kind of access to the owner can make for constant feedback about the unit.