All Forum Posts by: Austin Moore

Transparency is for the best over the long haul. Glad this is a change that has been implemented!

This sounds very cliche and simple, but if the numbers make sense to keep the property then I would do everything in your power to keep it. I have a couple properties that have had years where they are extremely costly and everything has gone wrong that can go wrong. This is all personal preference on my part though.. I just hate letting real estate go. However, if you can sell it and utilize the proceeds from the sale to buy a personal property for yourselves or a better rental then I absolutely understand that as well! Best of luck!

Yeah, unfortunately alot of sellers still believe its 2021 and that is just simply not the case any longer.. I think all areas of the country are different, but pricing effectively is more important today than it has been in the recent past.

Really good questions? I am all ears as well on this subject.. I recently purchased a property with two partners for the first time a few months ago. Curious what others have to say!

Man, thats really tough to say Josh! I dont have that kind of capital on hand currently, but if I did I would imagine I would want to invest it in my area to multi-family long term rentals. We are close to a military base and tons of Universities around the area so thats probably where I would focus most of my attention. Obviously, this is area specific so ATL may be a completely difference situation. Best of luck to you!

Intesting! Thank you for updating this!

Hey Dylan!

Interesting stuff. I tried to click the link but it took me to a LinkedIn login page. I would love to read more about this though. As a realtor, I have had appraisers tell me before that a new roof or new HVAC system are considered "maintenance items"... But for tax purposes I would really like to see more on the link provided if you wouldnt mind updating it. Thanks!

Hey Harvey! Thanks for sharing this. So are you saying something like ChatGPT will be used for searches like this more often? Or are you referring to a specific site that is already being used this way? Would love to hear more!

Hey Alex! 

Congratulations on starting your journey. We all have to start somewhere and it sounds like you are doing things the right way. 

I work with a couple of builders who have been been a part of my community for decades. I may not be the one to ask for advice on this particular subject, but I would just say that its so hard to come by trustworthy and communicative contractors/builders nowadays. I am not sure what courses to recommend to you, but I would say to build your presence in your local community and when you begin building homes just make sure you are available and go the extra mile for your clients. Just like anything else, I am certain that building relationships and receiving referrals for more builds starts there! Depending on your equity position in your duplex, you could look into taking out a HELOC or 2nd mortgage on that property to create more capital to go towards future building projects. From a realtors perspective and from someone who has dealt with builders who leave people "high and dry" in the building process, hopefully you can take something from this response. Good luck, man!

Looking at a home in a small college town located about 2 hours from where I currently live for a potential long term rental. Home is located very close to campus and is a 6 bedroom 2 bath home. My wife attended school in the small town and is familiar with the area so that helps me to feel more comfortable with understanding the area and neighborhoods. It is currently listed at $145,000 and per bed rent is anywhere from 400-450 per bedroom. There is a catch though, it needs about 100k in foundation work.... I have contacted the foundation company personally to get a better understanding of the scope of work and have looked at a couple of other bids (they were cheaper but were not going to resolve the issues long term). Ultimately, when I break the numbers down it all still seems to make sense. Even if I offer the seller 245,000 and have them complete the foundation work prior to closing, the property should still cash flow.. Any advice? Would you do this deal?