All Forum Posts by: Nick Sheveland

You've got my number just hit me up. I'm free Saturday afternoon and all day Sunday. Sweet profile btw ;) filled out now and all haha.

@Lexi Teifke never met her lol. Her husbands cool though hahah.

@Lexi Teifke @Cory Mortensen @Eric Langridge Lets go! I'll be there. Closer to 7pm but I'll be there.

As a pet owner in Austin I've seen the usual is $300-500 as a pet deposit and at the end of the least if there is no pet damages you MAY get back half of the deposit but. Also any additional pets would be a nonrefundable $200-300. Austin loves it's pets. I highly suggest renting to pet owners here. Some places add on $15-25 a month per pet too but as a renter that would just turn me away from the property unless I REALLY like it or am cramped on time. You definitely want to charge enough for deposits and such to help cover cleaning and light damage repair but at the same time if you charge too much people will just bring their pets in and never tell you about it. I'd rather have an honest and happy pet owner then a soiled house from a pet with no pet deposit money to help clean it back up! 

Welcome to BP! 

You and I seem to have like goals. I like that you ran some numbers and saw that it didn't work yet you ran them again at a lower purchase price to figure out what price Would work for you. I'd like to look at your numbers. We could definitely help you with those here. We can give you specific local market numbers to go by. I recommend analyzing a deal or two a day for practice. I think the calculators here give you 5 free uses. Going PRO gives you a ton more then just unlimited calc use plus you could just copy the link onto here and we could all see it, no pics needed. Try finding non MLS props to run your numbers on. You wont find a deal in Austin on the MLS and if you do it will be gone by lunch time. I've seen it haha! That takes some getting used to figuring out comps, taxes, etc.. however you can sometimes find better deals that way. In Austin you have to make good deals happen. Be it a motivated seller, off market, value add, or taking control of the terms, or a combo of those. I would recommend driving for dollars in the area you're interested in. Write down the address and maybe even go knock on the door. You'll probably be asked to leave or told that they aren't interested or they want way too much BUT maybe when they are ready they'll call you. Also call for rent properties and offer to buy. I really like that method. If you haven't already, find a local real estate agent and get on their auto listings and tell them where and what you're looking for. Ask them about their pocket listings! I get auto listings from a few different agents and I usually already know 90% of the house they send me but occasionally a new one slips in I haven't seen yet. Also some auto listings will have different houses on them somehow. I would also call a banker and see what you could get prequalified for if you haven't already done so. Tell them your plans and ask about what loans fit your needs best. This will be a pull on your credit but only once so calling around for 30 days (maybe 60, cant remember) wont lower it anymore. Don't be afraid to post up or PM any of us here if you have any questions. I'm always free to bounce ideas around. I'm a REI addict lol.

Also, fill out your profile more! haha

Good luck!

Overall I like it. I think the photo quality is sufficient. I agree with the above about removing some of the personal items. I find them distracting to the actual house. Put away the magnets, pans on the stove, close the cabinets, hide the TP. Also trim up the yard and bush in the front and remove the trash can from sight. I feel the price is slightly higher them most people in that area feel comfortable paying buy not by a whole lot. I feel like the holidays are the biggest factor for you right now though. Looks good though Chirag. I'm glad to see you've been growing your inventor some. 

Thanks @Aaron Gordy, @Jerel Ehlert, and @David Ivy for the guidance! I did look at the zoning profile and its labeled as SF-3-NP so that's good! I'm going to take a look at the Guide to Zoning document today. 

That's for the help everyone.

@Account Closed thank you! Would you happen to know anyone I could talk to that has done this type of conversion? I agree with still following the permitting process. Can't be too careful. 

Hey BP friends,

I have an off market 1600-1700' SF in the Crestview 78757 area in north Austin, Tx that I would have first dibs on in Fall of 2019. SFR's in that area rents go for $1600-1900 a month in this area which is nice but anyone who knows that area can tell you its a highly desirable area and the $$$$ show it so rents in that area just wont cut it. However converting it into a duplex may depending on purchase price. Aside from construction and permits what steps would one need to do to convert a SFR into a Duplex? How would I go about seeing if it's zoned for multi and if it's not how would I change it to a multi lot? There are a few other houses on that street that are duplexes so I'm sure it's possible. If there's a will there's a way, and there is always a way if you want it bad enough. This is a house I would theoretically be splitting down the middle so to speak.

Little back story on the house: This is a late 50's to early 60's house that was built by my grandparents and sold to my Stepdad in the 90's. The house is a 3/2 with an laundry room, garage conversion, and a din style living room added on. So it could be turned into a 3/2 , 1/1 or a 2/2 , 1/1. It already has an additional front door where the garage was converted into a fireplace/music studio. My mom and stepdad are selling next fall. I would like to be involved somehow in the transition of this house in one way or another. What methods come to mind in this situation? Converting to a duplex and BRRRR'ing it seem to be the best route to me. There are not a lot of deals in austin and I'm trying to Make a deal with what I have available yet not fudging numbers due to emotion. I feel like I have the puzzle in front of me but am having a hard time seeing what the image will be. Thankfully I have nearly a year to figure this out.

What say you, BP'ers? Let's be creative :)

The house is in very good shape, has been well maintained, and has stayed in the family since new. It is also paid off. 78757 is a HOT area. The house is worth $400-425k.