All Forum Posts by: Jessie Reid

We GC and design (and actually I'm a RE agent) in Waco! We actually ended up working with Blake on his remodels and now manage his STR as well. If anyone is needing recommendations still, and stumbled up on this thread we'd love to give you referrals and recomednations. Our focus is partnering with investors, and that's what we're personally doing in Waco.

Hey Mitch! My good friend built an RV park in Waco and my husband and I manage it. It's been a great investment class and we're now looking to build one out ourselves. Happy to connect and give you some great referrals! We have learned a lot! :) Jessie 

Nearly all students lock in their leases in JANUARY for August start date. Also, the demand for student housing will so a slow down this year. They are always increasing their student population but the University closed a few huge dorm buildings and renovated them this past couple years. They're all opening back up next school year so all Freshman will be on campus. The housing that popped up the past few years and hugely inflated prices of rentals in that area will see a dip from the lack of demand. Although it's really a cool investment scene, something to probably avoid for a minute. 

Hey Noelle! My husband and I have flipped, held long term and now short term as well in Waco. Very familiar with the town and opportunity and happy to share, show you around or answer any questions you have. I echo what everyone else says - you really need to put eyes on properties (and streets!) or work with someone that knows this town and about investing here. The market is getting tighter and there is less margin than there was, but there is still potential. Taxes and insurance costs sky rocketed this past 6-12 months here and it really has changed things. Also, a huge crack down on STR regulations has shifted zone desirability and value. But if you are able to get into that (hugely inflated barrier to entry on those properties) the cash flow can be incredible! Waco has options, just depends on what you're looking to do.

We’d be happy to take a look! Send me a DM if interested and we can coordinate.

Y’all are crushing it! We need to get the families together. Great job Carvalho’s!

Happy to take a look at it for you!

Feel free to reach out to us! @rymerdesign on Insta.

Hey there @Andrew Bourgeois! We're in Waco too!! 

We've been investing in various ways for about a decade. But actually getting into auctions now. So found your experience helpful, may have more questions about it actually. 

Anyways, I've been consulting with an attorney and have found that the "cost to get the property up to code/ordinances" is included in the redemptive repurchase price! So you should be good to make some fixes to the property while you wait it out. Attaching a document that mine sent me, it's been very helpful. 

^did that work?

Also, I have explored a lot of options about getting the waiver, and hear it's possible and legal! Haven't done it myself, but let me know if you discover otherwise. 

We're a fam of 3 littles as well! And have very similar investing goals. Would love to connect!