All Forum Posts by: Jon Klaus

Fastest growing “city” in the US!

78741 was a target for us when we were in Acquistion mode a few years ago.  Ended up not buying there because exit prices were lower than the zips just to the north, but now with Oracle and gentrification in full swing, 78741 is a fantastic place to play.  

Fantastic,, Aaron.   Might be a good one to do a cash out refi after it has seasoned.   What ZIP Code? 

  Hi Leslie, long time no talk. I have a few questions   How much do you typically pay for your RV’s?   How long do tenants usually stay? What are your vacancy rates? What types of tenants (guests?) are renting from you? Any particular management challenges?  Thanks!

You’re killing it, Shane. Doesn’t surprise me one bit. Sometimes it takes some time to get the flywheel turning.   Keep working diligently in your strengths, and make that puppy spin!

Hi Stephanie, welcome to BiggerPockets! 

I just did a cash out refinance of a rental property in 78721. Used RBank.   I also have properties in 78702.  

What's the lot size of the first one you bought? You might be able to build an ADU (small secondary home) on the lot. You could rent it out, or better yet sell it as a condo. You could probably build it for less than 150K, and sell it for over 300K. And sell the original home for almost what it's worth now. Or keep, and continue renting both units

Great idea, Scott. 

What would be your criteria for ideal land for a new residential subdivision?

How much are the rents?   What should they be?

Also start working on your refinance plan early, so the balloon doesn't get you. 

Yes, it's normal to go through a standard closing, even with seller financing.   At least part of the reason they want more down, is so the commission can be paid to the broker.    Go scrounge up the down payment.