All Forum Posts by: Aaron Gordy

It depends upon the highest and best use, imo. If the highest value is as an str then that is how it should be marketed. It also depends upon land size and location too. Its value could be valued much higher than you realize. For example, we had a listing near tesla factory. It had a home and a mobile home on it. The seller thought that the best value would be a rental property. We determined that the best value would be as a demolish/scrape and sell it to a developer. The value increased by hundreds of thousands. A developer did buy it and is now planning on a meat market/gas station at that location. 

Those big oak trees will be tough to work around.... 

The cloud is where its at. It just goes to show how much tech is becoming more intertwined with the Austin metro. https://www.bizjournals.com/austin/news/2024/02/21/caldwell-...

Also, you should become an investor so that you know understand the nuances of real estate investment. Once you know it then its easier to connect with investors. 

@Benoit Lalande  There may be more than meets the eye on this one. The owner signed a 2  year lease in july 2023 for 2300$. 4 months later they put it back on the market for 2600$ and then lowered it to the present ask of 2150$. There may be some issues with this one...fyi.  

 If you don't have any debt on the land and you have an experienced contractor then it should be easier than you think. There are plenty of community bankers that would lend on it. 

Hold up. Dove springs which includes franklin park is pretty good. I have done well there in times past and experienced investors are doing well there nowadays. Quality duplexes sell with multiple offers with owner occupant deals...see 2204 e stassney.  

 There are many examples all throughout the metro of garage conversions especially in 44. The catch is that one will need to do it properly with an eye on resale eventually. If one doesn't pull permits and the garage conversion is out of code then its very likely that the property won't allow for typical financing such as fha, etc. Financing will have an effect upon maximizing gains on the resale, probably.

I know that firsthand btw. I remodeled a duplex in 78741 and converted the garage (without permits but with skilled licensed tradesmen friends) once I found out that there was a big demand for 3 bedrooms vs 2 bedrooms in that submarket, then. When I eventually hit the resale market, one end buyer tried to buy with va loan owner occupant and had difficulty with the loan and eventually backed out. I sold it to an investor who recognized the cash flow with a purchase price of a little less than the va buyer. I did make quite a bit more in cash flow over the hold period though that exceeded that small variance in pricing at resale. 

Central Insurance Agency. North Lamar. Solid folks. 

duplexes are trading at 11-14 grm. 4plexes are trading at 13-15 grm. There was a 4plex at 2106 kirksey that was priced too low at 12 grm, had multiple offers and eventually sold at 13.5 grm.