All Forum Posts by: Ryan Landers

Hello all,

Looking for some thoughts from the group on my first single family investment project. I'm trying to determine what is a better strategy between flipping something local or using the BRRRR method out of state. I have $65k for this project.

My primary residence is in Austin, TX. The market is pretty competitive here and the higher cost of homes make it really tough to find deals that will cash flow with the BRRRR strategy. If I'm going to do something here in Austin, it would likely be a flip. I'm a decent W2 earner so my profits would be taxed at a pretty high rate.

The other approach I'm considering is BRRRR in Cleveland, OH. My wife has family there and the homes are much more affordable and cashflow easily. I've found a turnkey partner that I feel comfortable with in the area.

Another option which I'm considering is renting out my current primary residence and purchasing another home here in Austin that my wife and I would move into as our new primary.  It would cashflow around $500/mo if I self managed.

All thoughts, comments and constructive criticism welcome.  I think I just need a little nudge in the right direction...

@Danny Webber I sent you a note via the "contact" button in your signature.  drop me a line so I have your contact info... and enjoy your vacation!  Sounds great! 

Hello all,

I am looking for an experienced flipper in the Austin, Texas area to partner with. To date, all my RE investments have been in MF and have been passive so I don't have any amount of experience flipping.

Instead of jumping into what I think is a good deal and trying to do this myself, I am looking for a partner/mentor that will help guide me through the entire process, show me the normal pitfalls and teach me how to make this repeatable.

I plan to finance the deal and share the profit with the partner. My expectation would be that the partner doesn't just do everything for me but take the time to explain and coach me through the process.

I haven't set any hard minimum requirements, but this is what would make me feel comfortable:

1. - 20+ flips in the Austin area (more is better)
2. - successful track record
3. - 10 years experience

Please let me know if you think you might be a good fit.

And go easy on me... first time posting :)

Ryan

Hey @Aaron Hill.  Do you still currently do this?  If so, would love to connect.  Thanks! 

@Tyler Caglia

Congrats on your success!

Did you look at any turnkey property providers in the area and compare those to the ones you found?

@Jerryll Noorden

To each their own. I had a great experience with them.

@Travis Wells try DigiBoost. They are based out of San Antonio and do a great job.