All Forum Posts by: Paras Newbe

https://www.biggerpockets.com/... I created for San Antonio area.

Hello. I started my post from https://www.biggerpockets.com/... about Investing in Austin area in SFH. But my main goal being cash-flow right now, I was suggested that I look in to San Antonio for Multi family housing. Few questions I have about this.

1. Is it right that it is easy to get Multi Family houses in San Antonio, TX? 

2. Economic growth here is nowhere near Austin. How do other investor feel about this? My main goal being the cash-flow, should i be worried about this? Does apartment get rented quickly for long term (1 year+) quickly?

3. Want to hear some more from other investors in this area. Should I be moving forward here? Should I be looking somewhere else? Anything spacial (i.e. Property taxes are pretty high) I should know being in Seattle? 

4. I am in Seattle and I will be doing everything (Buying, Inspection, property management) remotely by getting local company's help. Any suggestions?

Looking for some advise.

Thank you.

Thank you @Michael Tyler for the info. You suggested San Antonio for duplex and fourplex. I assume i should not bet too high on appreciation of the property but cash on cash return. Am I right? San Antonio economy is not growing as fast as Austin.

I guess I will start another thread (after looking at few existing) for San Antonio. But Clash flow is what I am looking for right now. Please let me know if i should be looking at somewhere else too.

Thank you. 

@Ryan Kelly : Thank you very much for the suggestion. I will have a look at that book. Looks like a good advice for distance investing.

@Tim Hendricks and @Jordan Moorhead, Thank you for providing your perspective. Couple of points based on your combine inputs.

1. Currently myself is debating with myself about point number 1 specifically (negative cash flow for few years). It looks like the only way to generate instant positive cash-flow is to go into fixer upper business. Is that so? I am not sure if I am going to go in that business based on the my current lifestyle (Kids, Job, Seattle etc). What I am looking for is simply buy and rent. Being remote, I though buying a new construction can give me some peace in terms of maintenance calls and all. but I will be scarifying cash-flow by doing that. Buying new construction puts me in mortgage same as rent fundamental. In fact I may be actually paying from my pocket (property management + vacancy + may be some maintenance).  According to Brandon this (negative cash-flow) should not be done. Is this a hard core rule everyone or majority follows?

Does buying duplex or fourplex increases my possibility of cash-flow (but less appreciation). my main goal is the cash flow. if not now, after 5 - 6 years.

2. In some other threads,I read that, there is no much inventory for duplex or fourplex. is that so in Austin?

3. @Tim Hendricks, I am planning to buy 4 - 5 but gradually. I want to start with one and get the feel for it first. I like your suggestion of concept diversification (cash flow vs appreciation)

Thank you. Looking for some more perspective. 

Hello, I am from Seattle but the market here is too high and it looks like Austin might be an area to invest based on projected economic growth. My goal is to build up some portfolio that can start start generating some cash flow and to build up some equity.

I have couple of questions about Austin and about real estate investing in general. I have read a book from Brandon Turner and have some general input from other real estate friends. But still, my knowledge is very very basic.

1. Based on reading other posts, I realized that cash flow is not that easy if i want to buy single family house. For few people, amount of mortgage and rent they get is the same. Considering economic growth, it is ok to take this hit for now and cash flow will begin to generate after 2 - 3 years? Is this type of thinking ok?

2. Since this is going to be the first property, and it being in Austin make me little nervous. Is this a advisable? how can I find a property management company in the area that  has good track record?

3. What areas in Austin I should be looking at for single family houses?

4. I want to start with above questions for now. But please let me know if I should be thinking differently. If I should be considering other areas / states?

Thank you.