All Forum Posts by: Casey Decker

Hey @Brooke Morton I'm in the same boat as you here in Austin. Wanting to do the same thing, but zoning is hard. Kai Andrew has a good channel where he gives some basics. Sometimes I consider taking his course.

Helpful videos @Chris Webb, thanks for sharing. How are you determining rents?

Good suggestion @David Lambert. I'm mostly trying to learn if I can get into this without having to hustle on the deal side. I know a lot of people keep a tight pulse on the market and I just don't want to get into that game, but I do get excited about efficiently managing a property and think I can make my return there. So mostly trying to determine if you can currently get a cash flow positive property around Austin without the learning curve of acquiring properties.

Thanks for the quick feedback! It looks like insurance is too low and repairs are too high, but the way I am assessing is mostly in line. Being new to this, I was assuming that maybe 20% of properties would cash flow (and if I  hustle I can find more), but it seems like the reality is that it is much less than that. I'm still surprised at how many people it seems are getting in to single family in the Austin area.

Hello and thank you for putting up with my rookie question. I'm trying to get a rough idea of if I can even get basic numbers to work before I start looking more seriously into some deals. As I look around the Austin area, it seems there are a few places where I can get a property for the mid $300,000s and charge a little over $2k for rent. With these basic numbers, I'd be losing hundreds a month. Am I looking at this the wrong way? How do so many other people seem to be able to do this? Was it because they purchased before interest and home prices shot up?

Thanks again for helping a newbie out.