Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

54
Posts
14
Votes
Yuvaraj Vimawala
  • Austin, TX
14
Votes |
54
Posts

SFR investor from Austin, TX looking to go Multi family

Yuvaraj Vimawala
  • Austin, TX
Posted

My name is Yuvaraj Vimawala (I go by Yuvi (UV)). Started by buying foreclosures at the county courthouse steps and have built a 12 SFR portfolio over 5 years in North Austin TX area. I have been very happy with the equity appreciation and demand, but of course troubled by repairs, property taxes and thin cash flow. Having learnt the game from SFR, I am preparing myself to offer and invest in mutifamily properties so I can achieve some scale and cash flow. My goal is to be able to make at least $10K/month in free cash flow so I can quit my day job (IT Manager in F50 company), achieve financial freedom and pursue real estate full time. Long term, I also want to open my own title insurance company. I am interested in Waco, TX, College Station, TX, Dallas Fort Worth area and any other good upcoming areas in Texas. My MFR criteria is 

Under $1M

6-7% Cap rate (actual) 

At least $100/unit/month cash flow (after financing) 

Areas: Waco, TX, College Station, TX, Dallas Fort Worth area and any other good upcoming areas in Texas

Looking to connect with investor friendly agents, title agents, attorneys, insurance agents and property managers here on BP forum. Feel free to message me directly. 

Most Popular Reply

User Stats

54
Posts
14
Votes
Yuvaraj Vimawala
  • Austin, TX
14
Votes |
54
Posts
Yuvaraj Vimawala
  • Austin, TX
Replied

Thanks @Grayson Wester. I am a former Aggie too.. Class of 2008. Yes, @Jim 

@Jim Cummings, what I mean by $1M is based on my liquidity I can secure upto $1M or little over that, of agency debt. I am open to fourplexes and packages thereof. 

Loading replies...