All Forum Posts by: Victor Steffen

Southwest Austin is desirable, generally speaking the west side of the city is more desirable than the east. It is closer to limestone at the foot of the hills. The east side is agrarian with deeper soil, foundation settling is common. Most of the schools with higher ranking fall on the west side as well. You could throw a dart at an Austin area map and hit major employers- so no, it is not far from the work. 

You will pay a premium for duplexes in Austin right now and what you can charge per side is 100% dependent on the quality of the unit and location. Assume the gross rent you will be able to collect each month will be .65% of the price you pay for the property. This assumes a traditional conventional transaction (no remodels or off market etc).  example: you buy a duplex for 500k, gross income will be in the realm of $3250 or $1625/ side. 

@Vivek Sapre

https://www.meetup.com/central...

Appraisals will either make or break your real estate investment and it seems we can not have a conversation about real estate in Austin today without talking about the gap between contract prices and appraised values. Come meet with fellow investors and listen to a seasoned Real Estate Appraiser outline the appraisal process and ways to accurately assess where the appraisal will come back at. Be a better investor, better agent, better professional by understanding the process!

James Schleicher is a licensed residential real estate appraiser who has been working in residential appraising for over 10 years. He grew up in Austin and has a strong understanding of the Austin market and the surrounding areas. Currently, a large portion of his work takes place in southern Travis County and Hays County, but he often ventures out to the Horseshoe Bay/Marble Falls area. He will appraise properties from Georgetown (North), to Bastrop (West), New Braunfels (South), to Kingsland (West). He is also a member of the Association of Texas Appraisers. He will be presenting on the basics of the appraisal process.

Hosted by CAREM (Central Austin Real Estate Meetup)

Thank you sir! Not sure how to fix this on mobile? 

Austin TX is one of the country's fastest growing metros. Capital is flowing in from out of state and overseas to capture a piece of the budding tech scene. The market is competitive, but competition does not mean we abandon investment principles. We believe in purchasing based on numbers. On this call several Austin TX investors will discuss how we have been able to capture double digit appreciation while cash flowing by using a Rent By the Room model. These are seasoned investors who will share the ins and outs of what makes this model successful and how you can use it to break into the Austin market without betting solely on appreciation. All attendees will have a chance to introduce themselves and what they are working on. From there, the moderators will present for 30 minutes on how to make the model work and pitfalls to be wary of. There will be time Q&A. Hope to see y'all there!

@Lee Ripma some great people headed to Manor! Lol

@Eric James funny enough I started going through condo data this morning and found a few "1%" zips. 78704, 78701. Condos do come with higher HOA dues... so not quite yet sure how to control for that since the dues vary so widely.

@Sam G.

This is filtered to only include SFRs. I started looking at condo data this morning and actually found much more favorable ratios

Hi BP, I pulled together this data set as a tool to help highlight pockets within the Austin MSA that show the strongest price to rent ratios. I thought there were some interesting take aways and the group may find it interesting as well.

A few notes: 

• All data was pulled from the MLS so this does not account for off market deals
• If a zip code had fewer than 20 sales in the last 90 days it was deleted from the list
• I used the 75th percentile rent and the 25th percentile sold price from each zip (this is a common target for my clients)

I'm thinking it would be fun to overlay public school ratings next!

Cheers y'all 

If you’re interested in real estate investing, the big question is how to find the money to get started and keep growing. One way is to identify investment opportunities that don’t require startup cash, like wholesaling and lease-to-buy options. However, one of the best ways to enter the real estate investing market is by using other people’s money or OPM. When you explore how to use OPM for real estate investing, you’ll find it’s a great way to not only get started in real estate investing but also to continually grow your business.

The Central Austin Real Estate Meetup is excited to have our guest speaker, Kaleb Provence, talk about leveraging OPM as you scale your real estate portfolio. Kaleb is a rising star in Austin's private and hard money landscape and is a loan officer with HouseMax Funding. Year-to-date Kaleb has written over 50 investment loans totaling $15M+. He is an active real estate investor and in the process of completing a personal flip project in East Austin. 

Come out to TownePlace Suites in South Austin to meet with other real estate professionals and newbies alike. There's always good conversation, better content and great people. See y'all Thursday! 

-Vic

@Greg H.

Not seeing the problem with either scenario (tenant refusing to leave/ not removing themselves). In both cases the landlord is protected. It puts onus on the tenants to play nice in the sand box with each other and limits the owner’s downside.