All Forum Posts by: Hudson Hlavaty

@David VanWert

Did you ever draw up a contract/move forward here? - any chance you could share template if so - thanks!

@Erik Czirr Hey Erik,

Curious if you have had any luck around this area and price range? thanks!

@Eric Barnett and @Jordan Turcotte @David Thompson @Leland Barrow I really enjoyed reading this info as I am in south Austin. thank you for the inputs. Would you gentlemen mind being more specific in the area NE of San Antonio and West of San Marcus?

thanks! 

HH

@Ricardo Fainsilber well, I think this is the golden question we are all searching for. I am in Austin. It is still a great market but very competitive. It will take some searching to find a good cashflow unit. I think buy & hold is favored around more around here, lately. It all depends on what you want to do.

Florida does seem to be buzzing. Id be interested in what you have heard with Portland?

@Juan Cordero either route works well. IMO it would be a good idea to set aside the 300 per month for little fixes or needs around the unit. House hack is a wonderful Idea--- what zip codes are you eyeing for this?

@Dan Burstain has some good info here

@Jim Keller thanks! Do you mind elaborating a little more on your last statement?

@Beau Fannon oh its a definitely rollin'

thanks @Jonathan Satizabal --- so, you pulled from your HML via total rehab price? 5k here.. 10k here?

were they stern around the 20% down. congrats btw!

Hello All,

Here is my situation. Early in 2016, I purchased my first house @ 300k in a great location in Austin, TX.

Since then I have tried to cram as much real estate knowledge as possible. I have looked at several SFH as my next option but, small multi fam homes really get my attention.

I have a good job that easily covers my mortgage and good credit. I recently went and got pre-approved at a conventional lender. It wasn't enough to cover a few of the duplex's I liked.... and the 20% down can be pretty tough for me starting out. (keep in mind most duplex's near Austin are 400-800k)

to my understanding- it seems HML is my best bet. In a perfect world- they would lend me what I need. The 'fix up' around the duplex goes smooth and I can re-finance through a conventional loan when its in good shape and lower my rate.

MY QUESTION(s): 

Where should I seek a HML with a place that would accept my limited experience? is it possible? Would i be able to put 5-10% down?Could they also lend me an additional 40k to fix this thing up!?

Many thanks! 

HH