All Forum Posts by: Jon Morrow

Where do you think there is more opportunity: (1) doing 200K BRRR deals on the outskirts of Austin or (2) buying land, rezoning, and developing? Or something else?

The situation:

I have a successful business, and it's churning out a fair bit of cash. I could easily pull together 200K and might be able to get as much as $1 million. Perfect credit, long W-2 history. No need for immediate cash flow, but depreciation and eventual cash flow would be nice.

Not scared of doing the work to add value. Rehabbing, rezoning, maybe even going vertical, although I'm less interested in the last one. I'd rather have a few small headaches than one giant one, if you catch my meaning.

About 10 years ago, I managed a $50 million real estate portfolio for a group of investors in the southeast. Land, apartments, houses, trailer parks, pretty much everything. My father was a developer, and I learned a lot from him, but I'm rusty from a decade focusing on my own business.

Anyway, just starting to watch the market and talk to investors and brokers in the business. I'm a fan of Bigger pockets, so I figured I would post a broad question like this and say hello to everyone. :-)