August South Austin "Coffee Talk" Meeting

[James Sinclair]

TO BUILD OR NOT TO BUILD ---- THAT IS THE QUESTION??

The subject for our (South Austin Coffee Talk) will be evaluating lots for a new spec. build. A new spec. build is the logical plan for some lots and areas. What are some of the questions you need to answer in order to decide if it is the right plan for your project? These issues will be the focus of the discussions at our meeting. Our August meeting will be Wednesday, August 13, 2014, at 1000 a.m. Lynn's office is at 1107 S. 8th. St., Austin, TX, 78704. See you in the conference room.

Come on down to South Austin, the meeting is open to all.

Many thanks to Lynn for providing the space and sharing her knowledge.

[Mike Walker]

MEETING UPDATE -

What a great turn out we had this morning! I think I counted 18 total. Our biggest group yet.

No doubt, everybody came to hear the incomparable Lynn Currie speak about analyzing prospective homes & lots for new builds in her target zip codes 78704 & 03. As usual, she gave a very detailed presentation, examining a new property her realtor sent this morning. Her back of the napkin spreadsheet model proved just how quickly she's able to assess the profitability of any property for spec SFRs and Duplexes. 

Lynn knows her neighborhoods, buyers, and investors well, not to mention those at the city's Development Assistance Center. She's built an impressive team that pulls off consistent returns of 17-28% within 12 months, from acquisition to happy homeowner(s) in Austin's trendiest of neighborhoods. 

And, yes, that is Lynn getting fitted for a mic. This month, our BP meeting was videotaped, with plans to stream the meeting in the near future. We'll post the details for those of you interested in watching her presentation and the group's interaction (Q&A). Those who have attended over the past eight months know that we have a sign-in sheet. Our goal is to network our local group, as it grows, and make resources available online, including any future recordings.

As fortune would have it, we had two former BP podcast guest investors present at today's meeting, Lamar Cannon (Podcast 31) and Jon Klaus (Podcast 46). Does it get any better than that BP Nation?

http://www.biggerpockets.com/renewsblog/2013/08/15...

http://www.biggerpockets.com/renewsblog/2013/11/28...

Thanks guys!

We also had a number of Austin newcomers or local BP first-timers at today's meeting, including new Austinites Eric Andrews & Joe Shaffer (Greenhab Solutions), seasoned Austinites/investors Robert Piller, Robyn Roberts, Bill Fleming and a few of us who've been here more than once. If I missed you as a first timer, my apologies. I don't have the sign-in sheet on hand. 

Thanks again to everyone for making it to today's meeting! We'll look forward to hearing Scott Sutherland speak about his experience as an area Buy & Hold manager/broker for a group of out-of-state investors, as well as his Wholesale/Rehab activity with OptionsForOwners.com next month.  Be sure to mark your calendar for the second Wednesday of September @ 10 AM (9/10/14).