All Forum Posts by: Andrew W.

Who is looking to house hack in NW Austin? 

This duplex with a bonus 3rd 1/1 unit just went up in our neighborhood. Its on a cul-de-sac close and walking distance to Springwoods Park.

This is a great way to live very affordably in Austin, build equity, and learn how to operate rental property and manage tenants (if you choose).

We also own/occupy a duplex nearby and would love to have like minded neighbors!

9009 Sawtooth Lane 78729

https://www.zillow.com/homes/for_sale/29564869_zpi...

This duplex with a bonus 3rd 1/1 unit just went up in our neighborhood. Its on a cul-de-sac close and walking distance to Springwoods Park.

This is a great way to live very affordably in Austin, build equity, and learn how to operate rental property and manage tenants (if you choose). 

We also own/occupy a duplex nearby and would love to have like minded neighbors! 

9009 Sawtooth Lane 78729

https://www.zillow.com/homes/for_sale/29564869_zpi...

Shawn, I agree that when you look at Renting vs buying a SFH in central Austin, the math for renting is better. You can always invest in suburban Austin or other markets.

You may also want to consider buying a duplex. I used to pay ~1650 rent for an 1100 square feet apartment. Now I own and live in a duplex and after the tenant pays rent I pay about $1300. My unit has 1400 square feet, a yard, and a 1 car garage.  

Doing this with a 3 or 4 unit property would have even better numbers, but more work managing tenants. 

Example numbers above are for Northwest Austin (Arboretum/Lakeline area) 

Is there a good Austin real estate investor facebook group? I think that would be faster.  

I'm at the Salt Lick in the back right with a red backpack if anyone else is here. 

Sa far I've done 1-4 unit residential properties in Austin, Killeen, and Houston. 

Messaging you. 

Rental property investor here, would love to meet up with fellow investors. 

Flight just got delayed so I'm at the airport for ~3 more hours (until 1145pm) 

I would recommend reaching out to Jen Berbas. She looks at things from an investor's perspective, and helped me purchase the duplex that I live in. 

https://www.realtyaustin.com/agents/Jen-Berbas.php

Since purchase prices and property taxes are pretty high, SFRs in Austin are definitely an appreciation game, not cash flow (assuming the standard 25% down). If you put 40% down you can probably get consistent cash flow. 

One Class B area I would consider is just East/Southeast of the domain. There's a lot of new development and jobs near there. If you go too far South of there it can get a little rough. 

Does anyone know a bank that will let me setup an account at the Series level? 

Hi Texas investors! 

Can anyone recommend a bank in Texas that will allow me to setup separate checking accounts for each Series of my LLC? 

• I've setup an LLC with a separate series for each of my rental properties (2 so far)
• I would like to set up a separate checking account for each series of the LLC.
• Chase Bank told me that they do setup accounts at the series level. 
• If posting a recommended bank, can you also please include what their balance minimums and/or monthly fees are? 
• I'm based in Austin and currently have properties in Houston and Killeen.