All Forum Posts by: Victor Steffen

@Que Tran

I’d be there if I was still in Scranton! Hope you’re well !

Let’s say you win a consulting contract that pays you $100k per month (net) for the next 18 months. Your goal is to build a business that nets $5M / year. How do you allocate the funds?

@David Ivy

Really solid post, thank you!

@Greg Feilner we’re taking a break this week. Both myself and the other host have obligations. Will resume 8/5 👍

Isn't there an HEB already planned to go in over there? I'm pretty sure it is one of the first anchors for the Velocity development. 

I like using facebook marketplace ads, yard signs, if you want medium term tenants you can use "furnishedfinder.com" which largely markets to traveling nurses. You can also find your local "moving to xyz city" group on facebook- tons of tenants there and other groups to plug into for tenant leads.

@Kenton LeVay Rent By The Room is the main focus of my business as a realtor, investor and manager here in Austin TX. As others have said- it's a total headache if you don't have the right systems in place. You also need to make sure you're purchasing the correct house with the right layout for RBTR success. 500sqft per tenant, no more than 3 roommates per shower though 2 roomies per shower is ideal. Multiple living areas (such as an upstairs living room as well as a downstairs living area). enough parking (focus on 3 wide garages, corner lots, or houses with long road frontage so as to not peeve your neighbors with cars parked in front of their houses). No HOA restrictions and stay within the non-related occupant codes in your city. There also needs to be cultural adoption in your city for the RBTR model. I know some cities where it is taboo to admit in your social circle that you live with a roommate, whereas in others it's expected.

CAREM meets on the first and third Thursday of each month at the Towneplace Suites in S Austin. Come network with fellow investors, property managers, realtors and assorted industry pros. First timers and seasoned portfolio moguls welcome.

Our speaker this week will be Mike Walker presenting on the topic of working with trust funds to take down larger real estate investments! It is sure to expand your thinking and add new perspective to how you may be able to put together your next capital stack .

The central austin real estate meetup hosts a veteran real estate appraiser. Join fellow investors, agents, managers and generally interested persons for networking and learning from a seasoned Austin Real Estate Appraiser.

When: Thursday June 17th 6:30pm-8:30pm

Where: TownePlace Suites by Marriott SOUTH Austin location (901 Little TX Ln BLDG G)

Here is the meetup.com link: https://www.meetup.com/central...

Join the group so you can stay up to date on future meetings (first and third thursday of each month, same time, same place).

ps: free coffee and mingling in the lounge area after should you choose!

@Evan Dyer

Hey we have a meetup group that gets together on the first and third Thursday of each month- come through 👍