All Forum Posts by: Kellie Mecham

I'd be super interested in any Austin meetups!

Hi all,

I'm a brand newbie in Austin Texas trying to figure out if there are SFH buy and hold opportunities within a 2 hour or so drive of me. I know Austin is probably out; looking just south in Kyle/Buda I am worried about market oversaturation; suspect there might be opportunities down towards San Antonio. I work more than full time right now, maybe 55 to 60 hours a week, and am looking to ease out of corporate life and into investing to cover at least half of my retirement within 7 years or so.

Starting questions:  

1. what's a good simple formula for ROI on a buy and hold?

2. where would any of you with more experience be looking, if anywhere, with that criteria?

3. is there any point in looking outside of my 2 hour drive range? Is that stupid if I'd prefer no property manager for first SFH rental? (In other words am I better off looking further out and getting a property manager?)

Thanks in advance for any help and advice!