All Forum Posts by: Billy H.

Very nice, I'd love to talk sometime.

Sorry, in case it wasnt' clear... not profit on the lot but profit on the entire project. Thanks.

If you're willing to share, what's your profit (% wise) on a retail lot when it's all said and done? Is that on a higher end home, average, low end, etc..? Also, are you working as the GC or are you hiring a builder?

Thanks.

I have been looking further out and the ratios make more sense there. Building is something I enjoy but I need to figure out how to get the land. I'm assuming buying raw land, splitting it up, and building a few homes on it is the way to go.

Flipping is appealing as well but it seems like everyone and his brother is trying to do it right now. To many TV shows making it seem to easy. Are you seeing some opportunities there?

I know the hardest part in real estate is finding the deals and it's where I'm coming up short.

Thanks for the input all. I really need to learn the ropes some more because the cost to rent ratio is looking really out of whack so far.

Thanks for the replies.

@Brandon Turner Thanks! I'll read through the material.

@Dan N. I'm fairly open as to the style of REI I pursue. Honestly as I learn the ropes I hope to be involved in all of the above. I'd like to buy and hold/rent some properties as well as possibly build or flip if that opportunity still exists. What I don't want to do is get involved with super low end stuff that will cause me to spend all my time with lousy tenants. So... sometimes multi-family is a turn off. Maybe I'll find that's not as big of an issue as I think once I get involved.

I am looking for help finding properties. I have reached out to one broker. I'm not a big fan of sales people so it's hard for me to dive in sometimes ;)

Hello All,

Very excited to be apart of this group. I live in Austin Texas and I'm in need of a lot of help and advice.

As a quick intro, I love Real Estate. It's an investment I understand, that's real, and that produces cash flow while it grows. I want to get more involved in real estate but the market seems white hot and its left me with cold feet wondering when and how to jump in.

Another bit of data that will be useful. I used to work as a home builder so I'm used to working with sub contractors. That doesn't mean I know everything because working for a home builder is more scheduling than anything else but I do know my way around a home so I want to use those skills however I can.

Here's my somewhat unique situation.
A while back I sold a company and it's left me with a lot of cash. I have the ability to buy a good number of homes in cash or at least qualify for a large amount of loans. I'm also able to buy something and not profit for a while if I'm building, remodeling, etc.. Carrying costs aren't a problem. I'm looking for income and long term growth but I'm open to building, remodeling, renting, or flipping.

So, if you were in my situation how would you proceed? Also, any insights into the Austin market would be appreciated.

Thanks,
Billy