All Forum Posts by: Devin Dang

The Moorhead Team is hosting a HAPPY HOUR meetup TONIGHT (6/16) on rent-by-the-room/co-living strategy + some house-hacking. We'll be talk through how to increase ways you can increase your cashflow as high as 2x and a real life example of how we are able to live for free/plans to scale up over some beer (or your drink of choice)

Hope to see you there!

Time: 7-9pm
Location: Central Machine Works (4824 E Cesar Chavez St, Austin, TX 78702)

@Jordan Moorhead @Conner Olsen

@Conor Geoghegan Hey Conor! We have one tonight actually - https://www.biggerpockets.com/...

The Moorhead Team is hosting a HAPPY HOUR meetup TONIGHT (6/16 - ignore the 6/17 on the event) on rent-by-the-room/co-living strategy + some house-hacking. We'll be talk through how to increase ways you can increase your cashflow as high as 2x and a real life example of how I'm able to live for free/plans to scale up over some beer (or your drink of choice)

Hope to see you there!

Time: 7-9pm
Location: Central Machine Works (4824 E Cesar Chavez St, Austin, TX 78702)

@Jordan Moorhead @Conner Olsen

penfed credit union is a popular one that is probably your best bet at a investment HELOC if thats the direction you want to go!

I'll be there! @Maggie Kennedy @Zach Kracht @Eliott Elias @Tyler Warner any of yall down?

Thanks @Jordan Moorhead

Great to meet you @Agraj Sobti! I'm a local investor and agent specializing working with investors and currently at this time working with mostly out-of-state investors. Would love to help out, shooting you a message now.

super disappointed, got stuck at the car shop. I’ll catch y’all for the next one!

Hey Khaled! Your expectations of cash flow is spot on, difficult to break-even or cash flow without utilizing creative strategies (rent-by-the-room, airbnb medium or short term rental, ect). 

For out of state investors, foundation is always scary but because its so uncommon in the US but a good majority here have at least some settling. I wouldnt let it scare you though! Those are things that you'd always be able to check and get professional inspectors in during the option (inspection) period to confirm current condition + put in a system for future maintenance. 

My 2004 property had some minor foundation issues with settling but after installing gutters and maintenance my soil, it hasnt been an issue at all.

Have you hard of rentometer? Thats a great way as a non-realtor to get a baseline and compare current active listed rentals in the area to get a baseline.

In the end, the most accurate way would be to get with a realtor in that area to check previously closed leases!

Hi @Catalino Nunez! I think being able to stay in the house for a few years while rents continue increase and locking in a rate is a great idea. I will be doing the same with the current primary residence and will be turning into a rental or short term airbnb.