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Updated about 8 years ago on . Most recent reply

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Sophie Zeiler
  • Real Estate Agent
  • Topanga, CA
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Any great realtors in Austin TX for first time buyer/investor?

Sophie Zeiler
  • Real Estate Agent
  • Topanga, CA
Posted

Hi all, I'm brand new to Bigger Pockets (although I have been listening to the Podcast for the past year or so.) My boyfriend, who's family is in Dallas, is looking to buy a fixer/rental property in Austin, TX. Could anyone recommend me an honest, reliable realtor that has experience in investment properties? He's looking to buy a SFR under $300,000. Also if you have any advice on buying in Austin, areas, tips etc... I would love to hear your input! Thanks!

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Aaron Gordy
  • Real Estate Broker
  • Austin, TX
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Aaron Gordy
  • Real Estate Broker
  • Austin, TX
Replied

@Sophie Zeiler Hmu. I can help. I have a ton of experience with flips having done many myself. How experienced is your boyfriend with tools? Is he wanting to do the work himself or hire folks? If he is going to do the work himself, then how experienced is he? Can do a roof? Flooring? What is his construction skillset? If he is going to hire folks, then is he experienced with hiring contractors? Or is he wanting to hire a gc to handle it all for him? There are different loans and strategies for each type. Is he wanting to do a fix and flip? Is wanting to fix it up and move into it? Is he wanting to fix and keep as a rental and eventually do 1031 out of it? There are just a few of the questions that I would ask so as to find him a suitable property.  

For example, last month I helped a friend/contractor buy a house that was a complete remodel. He had extensive construction experience. Given his construction experience we were able to quickly determine the costs for the project. The house didn't have a roof on part of it and as you can imagine the sheetrock was in disrepair, mushrooms were growing up from the floor (no kidding), etc. It had been vacant for several years. It was priced on the mls at a significant discount. We were able to quickly determine the costs and seek financing. It was madness for a minute. We were able to win the bid over many other bidders given my extensive experience with rehabs and relationships with contractors. I was able to get an engineer to inspect an foundation within a day. My client is just about finished with it. Its a home run for him. He is moving into it with his family and refinance out of a hard money loan. Its a good looking brick house within a nice neighborhood.  

I tend to do a flip a year if not more, btw. 

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