All Forum Posts by: Lynne Stiller

Austin's housing market is crazy right now. In 2012, a friend of mine bought a 3-2 for 120k & now they are fighting the tax assessor to keep the valuation of the house under 300k. Duplexes that were going for $140k are selling for $400k. Rents went from $700-800/month for 3-2 are getting upwards of $1600/mo. With all this craziness, it appears to be slowing down. A few $400k duplexes aren't selling in days or hours. One I know of hasn't sold in 3 months. Perhaps the market will taper off soon.

So you have a partnership with the LLC? Did you get a lawyer to help out with the filing of the LLC or did you self-file?

A previous question was about LLCs or purchasing under one or both names. My question expands on that. Are you and your cousin 50/50 partners? What arrangement did you two make to define your roles?

I am a licensed Massage Therapist. I specialize in accident/injury & chronic pain resolution. I own a Wellness Center where other therapists rent treatment rooms from me. I also work full time (seasonal) at IRS & fill odd hours with driving for Lyft, Fasten, and Ride Austin (all SkrUber-like companies but not evil). I may work quite a bit, but I will purchase my first property this year & I want to be ready for any creative financing I can scrounge up.

I currently live in Austin, TX, but I have friends and family on the Rock and I am currently researching my first VI property. I am looking for members of my team and hope folks can make some recommendations. 

Also does anyone have any success/failure stories with vacation rentals?

I will be reading up in the forums for several days it seems. Please feel free to link me.