All Forum Posts by: Matt Stricklen

What about a line of credit instead of a mortgage. Use just enough to BRRRR a property, rinse, repeat.

Here's some quick and timely guidance from the BP Daily podcast : https://podcasts.google.com/?f...

If you're looking to offset your cost of living, staying in San Antonio will probably beat any current Austin strategy. Your dollars will stretch much further in SATX. 

Welcome to BP Anthony and thank you for your military service. 

Congratulations. It sounds like you have managed the asset wisely by getting a low rate and not having to tap into equity. And in a hot rental area? Absolutely you should hold this as a rental.

https://youtu.be/hnFqaRq0XkIHere's an interesting piece on Bastrop's future planning.

Lennar has built a development called Sun Chase that is probably halfway between Cedar Creek and east Austin. Gray Point was just announced as the second builder. It feels far away. But it won't for long. 

 Yes, you are right about that. And kind of what I'm saying here - maybe that deal finder is the bank, not the partner if that person wants only to scout for the deals. 

 Close is relative though. Nearly any point in Del Valle, Austin's Colony, Hornsby Bend is going to be closer, with similar choices, and a less traffic-ey route to ABIA. 78744 is not the first place TESLA associated buyers are going to look. 

all this to say... maybe that leaves some meat on the bone for those of us who like '44.

So... The partner is hands off after finding the deal? Who is handling due diligence,  closing, inspections, survey,  hiring contractors,permits and rehab if any..? I think this sounds like a view from 30,000 feet and you will need to get much more granular about ALL the things that need to happen. Otherwise, it sounds like you've got a bird dog with some financing to offer, not a partner.