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You need to put down 25% and get a mortgage under 3%.So... if you don't count your 'use' as a significant 'return' - this is a total loser, right?

Hello ReelDawg and :welcome: Good Luck with your return to RE.

HOWDY YALLGarGus it sounds like the Austin area is making a good comeback or at least the start of one.I remember when I took my ABR over there everyone was dealing with contract wars and then the high tech crash came.BCS is still riding the wave and building is going on everywhere.Especially in the commercial arena.Land has gone up steadily which has escalated prices but this area is still undervalued compared to most of the places folks are coming from.It is common to see people buying with a good chunk left over from their out of state sales proceeds.Investors in rental properties are not as happy as they once were as the escalated prices are making it hard to get a good return without putting more in.The junker market has alot of inventory for those that rehab.Some Ive seen as low as 22000.The lots are usually good size.(10000 sq ft and bigger).Locations most of the time are iffy.High end rehabs are coming into the picture more now.Wealthy College kids live in and trash expensive homes that their folks buy and then wind up selling them cheap to cut their losses.Ilove this country.Well im off to NYC for 2 weeks of R&R with the family.Hope yall write a bunch of clean deals while I'm gone.Adios.Jennysh thanks for the website on your condo hotel its a beauty!

If you know of anyone looking to fund deals for a nice return I would appreciate a heads up.

I try to find someone I'm comfortable with and return to them for the next deal (although I'll still shop the deal to keep them honest).

Double check everything, ask to see as much documentation as possible--a landlord's prior tax returns almost never underestimate the costs of repairs and maintenance.Do the necessary pre-purchase work and trust your gut!

This would be a return of about 4.3% (2166.12/50000).

And another thread were only creative financing ideas are exposed....This will help most of us newbies.....we would research the topics and subjets....and learn from them......perhaps make questions if needed....or simply return the favor by listing one of our success stories......I believe that this forum was created to help all of our members....I appreciate any comments or suggestions to improve this forum.Happy Investing!

However my return would be about 4%and that is a hobby and not an investment in my eyes.