All Forum Posts by: Gil Segev

Hi all, I live in Austin and would love to invest closer to home after not so successful out of state investments. I chatted with several agents in Austin and San Antonio and it looks like finding positive cash flow in these areas is challenging without STR which I'd rather avoid.

Are there any locations in TX that still have a positive cash flow in C or better neighborhoods for long term rentals in TX?

 Thanks! I did find a market I'd like to target and was now able to connect with an investor friendly realtor. I am hoping to start making offers soon! 

@Afam Agbodike this is me trying another out of state market :)

I am limited by budget of 100-120k and not sure how many markets have viable properties at this range.

@Nate Sanow thanks! That was my thinking but realtors I spoke with said offers with inspection contingencies don't get accepted nowadays which I find unreasonable. I'm trying to reach out to additional realtors now.

@Sharon Rosendahl thanks Sharon! Did you end up buying properties out of state without walking them? Did your realtor walked the property for you?

@Joshua Janus thanks! I guess I need to reach out to more realtors.

Hi all, I live in TX and would like to BRRRR out of state due to budget limitations. I am wondering how other investors inspect properties when out of state in today's market. From what I am seeing, reasonable deals on MLS go under contract in 24 hours and realtors tell me that offers with inspection contingencies have no chance of getting accepted. Some wholesalers I connected with are giving investors one hour to walk a property before making offers.

I don't think it's reasonable to have a contractor walk every deal I'm considering and it seems like a risk to make an offer based on a realtor walking MLS properties.

How can I mitigate the risk of major repairs in properties you can't inspect? Who can I work with to walk out of state properties?

@Aaron K. Thanks for confirming! This is essentially what I've been doing but somehow it's a topic that doesn't get covered very often in books and podcasts so wanted to see what others were doing. 

I guess in the first few deals you end up with a potentially  larger gap between the offer and final purchase price due to inaccuracies in your rehab estimate and renegotiations with the sellers after the offer gets accepted.