All Forum Posts by: Ryan Kelly

@Dhaval Desai as @JordanMoorhead mentioned, Tower Property Management would be my recommendation. Great guys and they are working with dozens of my clients. Happy to make a personal introduction.

@Cj Menicucci your landlord policy is your primary insurance policy. Umbrella policies are for added liability coverage when you own multiple assets ( homes, cars, etc). I recommend talking with an insurance broker to work through all your options with coverage.

@Michael Mainini you have options and renting could be a good choice if your interest rate is low. I’m happy to help you analyze it as a rental. We have many clients who have kept their homes as rentals and I encourage it if you have the right plan. We have good property management recommendations as well.

@Russell Brazil I had to explain this to numerous people this past weekend. It’s all about liability.

@Jordan Moorhead good buyer agents will be able to negotiate their fee into the deal. The real question is - will the government get involved if they feel this will discriminate against buyers with less income, veterans, or other protected classes. We’ll see.

The free market will decide the answer to any questions following this settlement. If you want cheap, you may sacrifice good. If you want good, you may sacrifice cheap. The ability for buyers, sellers, and agents to negotiate commissions and decide what works best for their situation exists now and exists moving forward. The new NAR settlement does require that buyers moving forward will need a written agreement with their agents which will clearly spell out the compensation they have agreed to pay their agent IF not all of it is covered by the listing side of the transaction. As long as everything is disclosed upfront, there shouldn't be any confusion from consumers.

@Alec Jacobs you are going to get 1,000 opinions with this question. I would keep it simple. If you like the property, buy it. If you aren’t happy, renegotiate and terminate if needed.

If you are keeping the property for decades, the appraisal won’t matter much.

@Dean Halpin I'm a local real estate broker and investor here in Austin. I'd be happy to connect. I can also point you in the direction to some of the larger wholesale firms in the market. 

@Rodrigo Barreiro Pujol if your job is in Round Rock, you have lots of locations to choose from . Round Rock itself could be a good target with older homes (for the suburbs) and multifamily options. If you want to house hack, I also like Pflugerville, Georgetown, and Leander. If you choose to go farther out like Hutto, Taylor, Bastrop, Manor and others, just make sure the roommates you want to rent from you also want to live in those areas. Happy to connect if you want to discuss options.

@Mahbod Norouzi as Dan stated, any of the Austin suburbs are still going to be too hot for cash flow with a traditional down payment. You would want to go out about 1-hour away to be beyond the traditional commuters. I would target secondary markets in Texas that could have a price point around $200,000 for a single family home. These would be markets like Killeen, Temple, Corpus Christi, College Station, Waco, etc. The big markets and their suburbs are likely seeing too high demand for "easier" cash flow options.