All Forum Posts by: Matt Stricklen

I call this working BRRRRackwards to obtain the "buy right" price.

Exercise caution. You can make your own cops tell any story you want if you try hard enough. But your lender's appraiser isn't going to be looking for complicated or alternative comps. 

I agree with @Jordan Moorhead -going east- particularly southeast now will get you in at a lower price point but is likely to see accelerated appreciation in a few years' time, and without sacrificing cashflow. 

https://www.kxan.com/news/loca...

https://www.kxan.com/news/business/velocity-mixed-use-development-in-southeast-austin-prepares-to-break-ground-in-early-2021/

Many of us are seeking ways to stay in Austin but lower the cost of acquisition with creative financing, jvs, etc. Hopefully we all get to have some meetups and f2f networking again soon. 

I'm 47 and just hitting acquisition  #3. What would be too late for me would be waiting any longer to pursue what I want. 

however many years you and I have left, they will pass by whether we invest in real estate or not.

best of luck to you

I'm skeptical about that cash flow on what looks like about $2200 PITI

Even more so: an FHA loan requires occupancy- living in 1 unit, thereby collecting only 1 unit's rent. If you hit the 1500, the cash flow is deep in the red.

I found the BP podcast with Erin Helle to be pretty informative and encouraging with respect to Clarksville.

https://www.biggerpockets.com/blog/biggerpockets-podcast-372-erin-helle

Were you able to get a low price when the lake was low? What's your equity like now? You said it needs work, and it sounds like it's in a desirable area. Can you BRRRR this, rather than something elsewhere?

Thank you for your service.

This is an older post, but it was a valuable jumping off point for me:

https://www.biggerpockets.com/...

Change my mind;

I think storage demand will increase due to

Corona deaths

Corona divorces

eventual foreclosures or renters downsizing for lower rents

office space rightsizing as more staff work from home