All Forum Posts by: Robert Rodrigues

@Pete Barrow

Would you think it’s a good idea to put down 25% and increase cash flow?

My timeframe/strategy is to buy and hold for 10 Years. I do strongly believe Austin has a growth cycle ahead with multiple tech companies moving into the trillion dollar valuations - Google is next to join the Trillionaires club.

I hope I’m not experiencing analysis paralysis.. Lol 😅

Hey guys, I’m new to BP and RE investing in general. I’m pretty hopeful of round rock and the surrounding Austin area. Any ideas if buying in Round Rock is a good play right now? A lot of tech companies are moving in and expanding operations within Austin (Apple, Google, Dell, Oracle, Facebook). I keep hearing of a “cooling period” across the US but the Austin RE market seems so hot. Is it the right time to buy in Round Rock/Austin or Am I going through investor fomo?

@Augustin Tommy Jr.

This was my worry, typically how much is a safe amount to put aside for repairs? I know typically repairs/capex should be budgeted even for new homes.. I will be managing the property with my father.

@Jeremy VanDelinder

I was calculating 4% for interest rate on an investment loan (using the builder kickback to buy down the rate)

@Jeremy VanDelinder

Assuming 20% down and monthly payments of $1000 mortgage payment, $611 prop taxes, $60ish hoa, $60 for home insurance(builders insurance) comes out to $1731/month expenses. Is there anything I’m missing? It’s tight for sure.. I chose round rock over pfluggerville due to the high population density, Easy access to highways and shops, etc.

Is buying at $272k a good move if I am looking for an appreciation play? Or am I buying at the top of the market?

Thanks in advance guys!!

I’m thinking about buying my first new home construction in Round Rock, Texas as an investment rental property. Builder is asking $272k for a 3bed/2bath 1875sqft townhome. Am I crazy to consider this a good deal? Running the numbers I won’t cash flow more than $80/month assuming $1895 rent income.