All Forum Posts by: Jordan Moorhead

Do you have the zoning and did the county approve the project? What is your source for utilities?

 He's probably managing it himself and doing a lot of the repairs himself too. I would apply a 45% expense ratio to something like this personally and that may even be too little if you're going to have management and maintenance help.

My team should be able to help with comps for this if you still need it and I'm a lender too

 I love it but I've also figured out how to set things up in a way that I'm not always working 24/7. I did that for a few years and had to find a better way!

No, retired means you don't have to work for money. Self employed is not always more freedom that a 9-5 too.

If you don't do it right a "business" is just a job where you work all the time and don't get paid well for it.

What were the lot rents when you bought it, what's market rent and how many lots were occupied?

We just filled a few vacant lots in a park we just bought and it was a lot easier than I expected!

 I would just call the city and see what they require

The go-to Austin Real Estate Investment meetup with a dedicated event space @ Draught House Pub & Brewery.

This just a casual get together to talk real estate the 2nd Thursday of each month! We’ll have fun and eat delicious food.

There will be house hackers, BRRRR investors, buy and hold, flippers and commercial real estate investors at this meetup! Everyone is welcome and make sure to bring your questions about real estate investing or about the current real estate market

**Please come with the intention to connect and meet other like-minded individuals rather than pass out as many business cards as possible. Want to keep this an as pitch-free environment as possible**

I've heard roughly $30,000 a lot but get a long DD period and make sure you get the city to approve everything before you close!