All Forum Posts by: Nick Sheveland

Yes traffic here is a nightmare! I've lived here my whole life and know the area like the back of my hand. So feel free to ask me any questions. Boots on the ground so to speak. Let me know what you're looking for and what your niche is and I can help a little better. I can even give you a pretty spot on estimate of how long it will take you to get from home to work if you give me some areas haha. If I can't help you with something I know who can! Also @Lexi Teifke really knows her stuff and is super nice and always willing to help out. And no she doesn't pay me to say that lol! Not yet anyways lol. Austin really is an amazing city and is much bigger then people think it is. There truly is never a dull moment here plus the landscape changes drastically depending on what part of town you're in. Good luck and let me know if you need anything or have any questions! 

@Maurice Blackledge I honestly don't have a solid answer on that one. Personally, I think private money is the best way to go then refi a year or so later and you can pay off your private lender but as for a bank, shopping around may be your best bet. Look around your town for smaller banks and credit unions. They tend to be more investor friendly in most cases. Figure out what type of loan you want to go with be it FHA, 203k, etc.. and ask those banks what type of loans they offer. Also tell them your plans and ask what type of loan they think would serve you best provided your plan. I have yet do buy a property but I have spent 3-5 hours a day everyday this year educating myself on REI while saving DP money and waiting for my lease to end. So that being said take everything I say with a grain of salt haha.

@Maurice Blackledge Also banks are more willing to work with you when you're putting a house in your name then into a LLC when you're starting out. Good luck man! Feel free to post back up when and if you have more questions.

@Maurice Blackledge Also banks are more willing to work with you when you're putting a house in your name then into a LLC when you're starting out. Good luck man! Feel free to post back up when and if you have more questions.

Go ahead and focus on buying the property. There's no big reason to have an LLC if its just a few properties. Getting a property closed, up and running, is vastly more important then to get an LLC. Buy in your own name and eventually transfer it to an LLC.

I would recommend South Star Bank in Steiner Ranch. They are very investor friendly and deal with all types of loans. They are a smaller sized bank so they are hungry and on the ball. Ask for Larry Weisinger.

Good luck!

Probably the quickest and easiest way I can think of is to get on craigslist and looking up all the garage sales / estate sales in the area(s) you're interested in. That way you have a address so you can start doing your homework and you also have their contact info. 

I would try out the rental calculator here honestly. Keep all the other expenses in mind like taxes, insurance, vacancies, pmi, etc... Will you be managing the house yourself? Yet more importantly will you manage it forever? You wouldn't want to skip out on PM costs only to realize you want to hand it off to a PM company later someday. That would alter your numbers. 

I would look into Sam's, Costco, Amazon, or maybe even a grocery chain like Walmart or HEB. 

I'm a huge Disc Golfer. I play 3-5 times a week and a handful of PDGA tournaments a year. Other then that I love to wakeboard. I'm lucky enough to have a buddy with a boat and we go out just about every Sunday.