All Forum Posts by: Joel Fine

Fantastic thread, @Jason G.. The initial review was extremely thorough and detailed, and you've been very diligent in responding to questions ever since. I've been thinking about using Roofstock to acquire some properties, and this thread helps a great deal. Thank you!

I've lived in the SF Bay Area for 30 years now. Purchase prices have outstripped rental rates, so investment properties won't come anywhere near positive cash flow. 1% rule? Ha! Try 0.2%!

I've just bought my first investment property, in Austin, and will likely buy more. The combination of high tech, medical, and decent climate makes me bullish on the region.

Brand-new Pro member here. This site is a terrific resource. Here is a suggestion for a possible enhancement.

In my profile I see that I can share my interests. But, I have to pick from a very short list. The options are

• Commercial
• Flipping
• Other Strategies
• Rentals
• Wholesaling

That's a good start, but seems like a very limited list. For example, Brandon & Josh talk about BRRRR as a strategy all the time on the podcast, and it sounds great - why is that not on the list?

For that matter, maybe you could offer a free-form text field, then as people fill it in, you can survey the entries to see what is popular and should be added to the pre-populated list.

I can see how the list of "Interests" can help people connect with others who have common interests, but maybe it needs to be fleshed out a bit to make it more useful?

Joel

I'm just now getting into the Austin market myself, as a new real estate investor. My impression having spent a couple of weekends viewing properties (and many hours on Zillow): the closer you get to downtown, the worse the cash flow. The price-to-rent ratios get better as you go further from downtown. In the north, Round Rock, Georgetown, and Leander seem to have the best cash flows in the area. To the south, Kyle and Buda might be worth considering.

I'm told that the Austin area has been appreciating at about 7% per year for the past 5 years. If that continues, then that can make up for a lousy cash flow.

I'm a new real estate investor, planning a BRRRR or Buy/Hold/Rent strategy with SFR homes in a major city in the Southwest US. One technique for finding deals that intrigues me is looking up NODs (Notices of Default) in the public records and then reaching out to the property owners (probably via postal mail) to see if they are interested in selling.

It seems like there's a decent chance to find a highly motivated seller and perhaps a very good deal using this method.

I am wondering if anyone in the forums has used (or attempted) this technique, and if so, what sort of results you've seen.