All Forum Posts by: Michael Jones

@Thao Nguyen Hello! I am currently managing an office space and also taking a commercial construction project all the way from the ground up. We're about to poor foundation and frame. Have tenants in place already.

@Trey DeJohn I would recommend you NOT invest in Austin. I live in Georgetown (this market is even too hot) and invest in Temple/Belton. Depending on where you work and what commute you're willing to handle, you may be better off buying in the right parts of Round Rock, Taylor, Leander, San Marcos, or New Braunfels. You'll find those properties generally will cashflow much more easily and contain much more upside potential for appreciation. The one thing I will say, is if you're willing to deal with it for a few years, East Austin is definitely changing and there are deals to be found. BUT, you may need to be willing to be a few years ahead of the change. Talk to someone that KNOWS East Austin.

Hey George, I bought two SFR in Temple this year. Great market. Happy to give insights.

Jeremy - I'd be interested. I started one in Georgetown and they meet monthly. Would love to meet with others. I'm located in Georgetown or Hutto.

Elbin - what are your goals? Depending on what you're looking for, the Austin market may be very hard to break in to. You might look even further north to Temple/Belton/Killeen.

I think we might be able to help. Fannie and Freddie are starting to get very creative in this space. I'll send you a message.

I might be able to help. It'll be an investment loan? I can probably deliver to Fannie or Freddie if there are comps. Will be a 5.5% - 6.0% rate if investment.

I generally agree with Andrew above.

I just put solar panels on my primary residence and I'm very happy with the outcome. I think IF you want to pursue this approach, and you'd better be careful, is to look at it from a cashflow/NOI perspective that future owners will get some sort of annual return for the remaining life of the system. That sort of calculation should help you come to a value for the system, but even then, the cost of you putting in the system will take some time to break even. I'd recommend staying away.

Reach out to Chris Carillo.

Good morning Michael! I'm in Georgetown just north of you.

I would recommend that you look at San Marcos/New Braunfels, or the Temple/Belton market. Getting into the Austin market requires a lot of capital and if you're looking for cash flow, you're going to be hard pressed to find it there. You might be able to flip some properties in East Austin, but you'll be joining the crowd as everyone knows the city is gentrifying to the east.

Don't be afraid to go to another city as long as you can make the drive and learn about the economics. I've had success in buying SFR to hold in Temple/Belton.