Changing your buy-box?

Yes we primarily focus on assisted living and memory care in a 10-20 bed cozy home compared to a large big box factory, I mean facility ;-) 

Rural deals + first-time investor is definitely a tougher box for most hard money lenders, but not impossible.We work with a network of specialized hard money lenders who are more flexible on rural zip codes and first-time flippers.

So far I have a location  and buy box from the company that will be renting my properties long term, they will sign 5-7 year lease.

My buy box is SFR 3 bed, 2 bath, less than 2,000 sqft. and below 800k. 

Then if they speak good English and understand what you’re trying to accomplish hope that they don’t say that they’re not the right person and you need to talk to someone else and they transfer you and your own hold again a long time or you mysteriously get disconnected And have to start the whole process over. 

The bigger box factories, I mean facilities have it's place but less than desirable for sure with low staffing levels.

I guarantee if you spend the hours going door to door, yes literally door 2 door, presenting self and talking to people, you will get 10X the deals you'd ever get trying to pitch your buy-box to a bunch of wholesalers or agents. 

I’m seeing a mix of:• Entry-level value-add SFRs in South Austin• Heavy fixer flips with good spreads• Small infill lots that builders like• Occasional higher-end fixers in West Austin• A few lower-priced opportunities outside the cityCurious what everyone else is targeting right now.What’s your current buy box?

If the flip comps are soft, don’t bank on resale; instead, lock a clear buy box and scope, then raise private money or use hard money for purchase plus rehab with a refinance takeout once it’s rented and stabilized.