Building a condo in South Austin

[Matt Heerwald]

Hi fellow investors!  My wife and I, in our spare time, have started a small sf real estate business over the last 2 years.  We have 3 properties and are looking to scale up so that we can afford to quit the rat race.  Our first property is a 780sf house in a really hot area and its sitting in the back corner of a 1/4 ac.  We are exploring the idea of setting up a condo regime, and building a large(3,000sf) condo and selling it(or refinancing and renting).  However, having never built and having a limited amount of cash on hand, we are trying to figure out how to finance the deal and how to choose an architect and builder.  Any advice or connections is extremely appreciated!

Thanks!

Matt & Mary

[Scott MacDonald]

Hi Matt,

I can't offer any advice as I am further behind than you having just got me second property in Austin under contract but I share the same goals as yourself to get out of the rat race.

I just wanted to follow this thread and follow the progress you make.

Thanks

Scott