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Updated over 6 years ago,

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. 

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