All Forum Posts by: Naz Hossain

Not sure how much of a help I would be since I just starting out. But I am very motivated by numbers. What I currently am doing is this - 

I found my area of interest

I analyze multiple listings - cash flow, cap rate, rehab costs, turn around time, appreciation.. pretty much everything you can factor in I do ( i might be doing it wrong for all I know, but that is what I know for now) 

Most investors I feel like have a regular w2 job. So for the most part turn around time to cash flow would be number 1. 

Starting out, I am definitely looking at areas near me/ i am comfortable with. 

I hope this helps to some extent!  

@Nate Reed

I've put in the number over a 100 times now with different combinations and for the most part cash flow is minimal. The only thing that will get an investor through is appreciation. For SFH that is. I'm pretty sure duplex's and multiplexs have better cash flow.

@Junior Soares

Thanks for bringing in some first hand experience. Did you buy in Austin or renting for now? Do you have something in the Austin area or looking to get into it?

@Nate R. 

That is where the contest comes in. Invest in a tough neighborhood now which would probably (maybe i'm wrong) be negative cash flow and hold out till it gets better? Do you think that is a good strategy for someones first deal? 

@Clifford Paul I will definitely look deeper into that for sure. It seems to be the common consensus here

@Eric Carr

Oh!! I apologize for that bad assumption

@Eric Carr 

Thank you for your response. Many things to consider here. I need to start meeting people that have the same goal and want to work together. I will definitely need some guidance if I am to do an actual flip. 

With that being said. I would still like to hear from someone who has actually invested in the Austin area (starting out) and came out on top of things.  

For some reason I have my reservations about a duplex as my first purchase, if someone wants to contest this please! do! 

My areas of concern are

-high maintenance 

-higher than average vacancy

@David Ivy

What does "current rent numbers" refer to? The dollar amount the median income earners are spending on rent?

Thanks for the in depth info. Couple of questions - how does an investor than make money in the austin area? Since cash flow will be negative for the most part, it is just a buy and hold game and wait on appreciation? How have you seen it being done in during this past quarter?

As above, austin is a growing market and I want to buy a rental property. The houses though are highly priced. Does anyone have any insights on how to go about this?