All Forum Posts by: Nadav Givoni

K, 

Thanks for the recommendation.  I'll give him a ring tomorrow. 

Cheers,

Nadav

Guys,

My goto contractor for painting has disappeared on me and I was wondering if anyone has some recommendations. I need someone to handle my rentals to get them rent ready.

Thanks!

Jimmy, 

I'm here living in Austin and compared to SF the home prices look good, but...I'm not sure how much more appreciation you're going to see if you throw your hat into the ring right now. I've been keeping an eye on the MLS and there's been a recent round of price decreases on properties in central austin in the last few weeks.

I can't say with any level of certainty that things are slowing down, but I would try to get a hold of a local real estate agent and try to get a picture of home sales and trends. 

I would also look at the long term growth of Austin, employment, etc and where the city is heading.  

My 2 cents.

If you have any questions you can ping me directly.

Regards,

Nadav

Welcome Adan.  Bigger Pocket has some great resources and a wonderful forum.  Cheers!

Kate,

I'm here in Austin, just out of curiosity what time of property/strategy are you looking to execute in San Marcos?

I've heard some good things about it, but I haven't really spent much time looking into it. Let us know how it goes.

Good Luck,

Nadav

Kate,

Welcome to BP.  I purchase several homes in the last 2-7 years and yes Austin has definitely picked up a lot of heat in the last 10 years.  I'm looking for something now, but it's been challenging.  

I would suggest patience and keep an eye on the numbers.  If the numbers don't make sense then don't move forward.   There are some great resources on the site!  If you haven't listened to the podcasts I would start there.

Cheers,

Nadav

Guys,

I've reached out to a few of you, but I thought I'd cast the net out a little wider.  

I recently visited Puerto Rico with my family and loved it.  So much so that I'm considering purchasing a vacation rental.  I'm wondering if anyone has some insight on the process?

Any help would be great.

Thanks,
N

Gary, 

I'm looking into Puerto Rico as well and I was wonder if you ended up purchasing out there?

Regards,
Nadav

Steven,

Odd answer but I would say both.  

My first house I lived in was a property with two dwellings on it, which were not connected  (a.k.a an in-law unit).  I was able to live in one while renting the other.  If you're trying to maximize your monthly cash intake (after mortgage and other expense are paid out) then often times having multiple units on a single property yields more cash.  

Their are drawbacks of course.  Usually duplexes are located near or around other duplexes and multi-unit dwellings.  So appreciation of the asset might suffer as a result of the condition of the other homes in the vicinity.  Personally, I prefer to find properties with 2 units embedded in neighborhoods with single family homes so that you have a stability of the surrounding homes helping to maintain (and hopefully increase) your equity. 

There are some great resources on the site if you haven't already explored them.

Hopefully my 2-cent helps.

Regards,

Nadav

Guys,

Many thanks for the CPA recommendations.  I believe I'm well on my way to finding someone I can move forward with in 2016. 

Oh and Mindy, I'll be sure to post on the Austin specific forum moving forward.

Thanks,
Nadav