All Forum Posts by: Rick Reeder

I'd look at a cash out refi to grow into a new market or additional properties.  Assuming the houses are in somewhat central Austin, the dirt just keeps getting more and more valuable, so it's a nice place to hold some wealth.

I have contacts at Prosperity Bank in central Austin, and a great broker at Benchmark.  Let me know if I can help with your search or make a connection to a lender!

Howdy @Julian Wilkey - welcome to BP.  I'm an agent and investor here in Austin too.  Happy to chat!

If you buy a home as your primary residence and then move someplace else, it doesn't change whatever financing you have for that home.  If you are going to buy another home on the west coast, then one of those will need to be characterized as a second home or an investment property.  A great mortgage broker will be a huge benefit.  I have referrals if you need one.

@Anshul G. - are you planning to live in the home and maybe house-hack?  Really depends on your budget and plans... if you're planning to live in the home, it opens up a ton of financing options that wouldn't be available if you're just buying an investment property.  Happy to chat and explore more deeply if you like.

Hey @Derius Evans - you'll want to figure out your budget and your goal(s).  Look at these markets through those lenses (Austin is great for appreciation, not great for cash flow early-on, e.g.).  Pick a market to focus on and start building your team.  I'd be happy to help you look at Austin options; I'm a real estate agent. 

Your analysis is spot-on.  In this MSA you have to pick appreciation or cash flow.  The farther away from downtown you get, the ratio flips.  Too many buyers chasing too few deals. 

I see a lot of requests for contractor referrals on this Facebook page:

https://www.facebook.com/group...

I "third" what Ryan and Jordan said about Bastrop being the most desirable of the three cities you mentioned... if that's even a thing? I'd suggest setting up a a few different searches on a site like realtor.com or pick an agent to work with and have them do it for you on MLS. That way you can get a feel for what your money will get you in each of the three locations. If you can swing a trip out this way about 4 months before you move, that's ideal, so you can pick a city and neighborhood that you like the best that offers homes in your price range. You'll want to be ready to pull the trigger and get under contract starting about 90 days out. Stuff moves quickly around here, so get prequalified when you're ready to get serious. Good luck!

Looking forward to it!