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All Forum Posts by: Austin Davis

Austin Davis has started 63 posts and replied 194 times.

Post: Investing in Iowa City

Austin Davis
Posted
  • Investor
  • Cedar Rapids, IA
  • Posts 204
  • Votes 79

Welcome to BP @Travis Hauser!  Always great to have more local people join BP.  Make sure to connect as much as you can.  Also, check out meetup.com for a local investor meeting that is held every month.  I travel a lot for my job, so I haven't been able to attend much, but its always great to meet local people face to face.  Good luck!

Post: Finding "hackable" housing

Austin Davis
Posted
  • Investor
  • Cedar Rapids, IA
  • Posts 204
  • Votes 79

I haven't read the book that @Luke Schrotberger suggested above, but I will definitely put it on my reading list.  I agree that networking is powerful.  My first deal was off market and I got it through a person I met on BP.  Develop relationships with people and deals will come your way.

Post: Cedar Rapids / Marion Iowa deal analysis. Need opinions / advice

Austin Davis
Posted
  • Investor
  • Cedar Rapids, IA
  • Posts 204
  • Votes 79

@Dan Jones

I wont be able to help you for rents in that area, but would say to not put all your eggs in one basket with the rents.  Make sure to have some exit strategies in place for if it doesn't work out they way that you hope (It doesn't a lot of the time).  Make sure that you are buying a deal below market value,  so you sell it if you needed.  Check with some property management companies to get a conservative rent that they could get for it.  Just run your numbers on the conservative side and don't bring emotion into the deal.  If it works, great!  If it doesn't, pass.

Post: Silence of the Lambs House for sale!

Austin Davis
Posted
  • Investor
  • Cedar Rapids, IA
  • Posts 204
  • Votes 79

I was thinking the same thing!

Post: Shadow with an investor

Austin Davis
Posted
  • Investor
  • Cedar Rapids, IA
  • Posts 204
  • Votes 79

@Jefson Louis  I am not from your area, but would recommend commenting and asking questions to posts that are made by investors in your area, so they get to know you.  Then reach out by private message and see what value you can add to somebody's investing to have them teach you the ropes.

Post: Silence of the Lambs House for sale!

Austin Davis
Posted
  • Investor
  • Cedar Rapids, IA
  • Posts 204
  • Votes 79

Not an investor in movie homes, but it is a beautiful home!  I don't know RE prices in that area, but how close to market value is that?  Are they pushing it above market value in hopes to get a movie nut to pay a higher price?

Post: Finding an investor friendly broker to work under

Austin Davis
Posted
  • Investor
  • Cedar Rapids, IA
  • Posts 204
  • Votes 79

Looking to do the same thing @Lucas Howes and I had a recent post that was asking some questions related to this.  Check it out if you would like.  Definitely some good tips.

https://www.biggerpockets.com/forums/21/topics/291269-have-re-license-with-a-full-time-job?page=1#p1901156

Post: New Member from Waverly, Iowa

Austin Davis
Posted
  • Investor
  • Cedar Rapids, IA
  • Posts 204
  • Votes 79

Welcome, @Cody Guhl!

I agree that you have a great background and skill set that will give you a great advantage over other new investors.

Bounce your ideas off the people on BP, listen to podcasts and read books and you will be successful!

Post: New from Iowa

Austin Davis
Posted
  • Investor
  • Cedar Rapids, IA
  • Posts 204
  • Votes 79

Welcome @Mike Young!  Definitely interesting to read about your experience.  Sounds like you have some great skills and potentially some connections to get you started.  See you around!

Post: Here to learn before buying in Eastern Iowa

Austin Davis
Posted
  • Investor
  • Cedar Rapids, IA
  • Posts 204
  • Votes 79
Welcome! I am also a Cedar Rapids investor. I definitely recommend the BP podcast, all the BP books and just interacting on the forums. Good luck!