All Forum Posts by: James Lindsey

I never thought about appreciation as gambling but it makes sense. Austin has been on a steady growth incline for the past 50 years with even more jobs and projected growth in the future. So I'm not worried about the market falling out. I am worried though about my novice ability to find and procure a multiplex house hack for my first home that will cash flow nicely. Maybe I am missing something on the calculator.

hello everyone,

I am just starting out in Austin, Tx and I have been running the numbers on all the properties I can find here in Austin for the past couple of months. I am searching for a multiplex to house hack however I have not been able to find hardly any properties at all single family or otherwise that would properly cash flow here. The appreciation however will be awesome no matter what I buy here. So if my main concern is cash flow should I be willing to give that up for buy and hold appreciation in a market like this? This would be my first home purchase. I am very new to the game.

The local REIA's do not seem to be much help. I have been warned by many many people now that they are more of a giant sales pitch than anything else and no one I've met that invited me to one has yet to be interested in working with a "newbie" unless you have a lot of capital to burn.

If all goes well, I plan to house hack a duplex for my first purchase of a rental property. Should I find a good CPA and Lawyer first before even considering the purchase or wait till after my purchase and I find tenants to seek them out? Also how do you find CPA's and Lawyer who specialize in real estate?

@Jared Watson  I do plan to get together with you next weekend. Hopefully we can help each other out but I also know you are growing your business wich requires a lot of house flipping. Don't get me wrong I totally admire what you're doing. It takes a lot of guts. I'm also still trying to see what other opportunities are around that might be more cash flow then house flipping.

I've already helped a few people claiming to be investors by doing small renovations with them/for them but so far I have found most people around here are more interested in free help then teaching you anything. However I have only been to 4 or 5 RE clubs. Guess I need more luck, lol.

It is also hard to find a partner interested in cash flow in the market I'm in. Most everyone seems to only be interested in flipping. With my current life situation cash flow is really my only option that I can see at the moment.

Most of what I have seen and read on bigger pockets has involved people with money from someplace like California moving/investing in a place like the Midwest where your money goes further or people from a market like the Midwest staying in the Midwest. I have yet to see anyone with a low income become a success in a market such as San Francisco, California or Austin, TX. Has anyone here done this? Started with little to nothing and made something of yourself in real estate in an over priced market like Austin, TX? If so how does one with little experience and no reputation go about doing that?

That was my thinking as well but is it right for my first investment? Or would I be better off renting and buying a non-owner occupy duplex or quadplex?

I would be a first time home buyer when I go to purchase my first investment. I was considering purchasing an owner occupy quadplex if at all possible. I wanted the people's opinion as to whether or not this would be a smart move or not and perhaps a harder move to make then say a duplex or a single fixer upper and flip.

@Brian Gibbons

you replied

"Hi James,

Start with awesome Marketing TX teachers. Get your sales license. Learn a listing presentation. Learn wrap around mortgages. Learn Sub2."

Thank you very much for your reply Brian. I appreciate the help.

Call me a dummy but how does one go about finding Marketing teachers and also where is a good place to start for your sales license? Especially if you wanted to be familiar with other markets such as the midwest where your money can go further?