The rental income is small potatoes for them compared to the real bread and butter which is the appreciation that have had over time.

The April 2025 report from the Austin Board of REALTORS® shows fairly stable pricing in the face of softening buyer demand compared to the previous spring selling season.

There are definitely lenders out there who are not charging interest in the traditional sense.

.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.Once done, you would want to explore the options below to maximize your rental income:- STR- MTR- Rent by RoomYou should go into this understanding YOU will live in the worst unit - in an illegal unit in the basement if you can!

We’re one of the few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must = 3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenants possible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of another applicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then taking several days to submit.

Shared housing provides affordable, flexible rental options for young professionals, remote workers, and students.As shown above, co-living properties have more demand than traditional two-bedroom units and appeal to a wider tenant base.2.

If we build in 5-10 years the construction cost might be 500-600k but we would have gotten the land cheap compared to what we would have to pay when all of the lots are developed in the future.

.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.

Do you know if it is usually harder to get traditional financing with a good interest rate when doing an LLC versus personal or about the same?

I know for me, I would be more worried about the an appraisal, the property i found is one lot with two houses on it, the houses are the same sizes as the rest in the neighborhood and the purchase price is comparable to one house in the neighborhood.