All Forum Posts by: Poem Turner

Always check big box stores for discounted doors. A lot of times folks will special order a door and it will be returned for any number of reasons. And CL as well; people 'upgrade' front doors that would be great for rentals. Steel is both usually unattractive, and may have your prospective tenants asking why they would need a steel door (esp if your property is in an A/B neighborhood.

***** NOTE NEW LOCATION ******

CPA Evan Kirkpatrick joins us this month to discuss year-end tax planning considerations. Should you buy rehab materials now or later? What about listing that flip? What repairs are deductible? Are you a passive or active real estate investor?

This discussion will be applicable if you own one property or twenty. If you own none, come and learn what documents you'll need for when you do!

Evan owns a practice in Round Rock, and is a trusted accountant and business advisor who comes alongside individuals and businesses to help them discover the true, real-world potential of their business and to set up concrete action plans to help to bring them to fruition.

There will be time afterwards for Q&A and networking. Bring your questions and your cards.

RSVP here or find us on MeetUp

@Russell Brazil I feel you on this. Unethical and even just shady people (agents or not) really get under my skin. I have to wonder if one of them has listings in the neighborhood that would benefit from your listing disappearing or being stigmatized?

Curious what you ended up doing if you don't mind sharing.

TurboCharge your Yield

Do you want to dramatically increase the yield on your real estate investments? Bill Crider will show you a painless and easy way to dramatically increase your return by 15% to 35% safely and consistently. Investing using tax-preferred money in your IRA or 401K allows you to build wealth tax-deferred or even tax-free, and to build that wealth at a much faster rate. Bill has been doing this for years, and he will share how it is done.

Bill Crider is a Georgetown investor who has been primarily a buy-and-hold investor for 40 years. He has branched out now into private lending, building, and flipping. Since it became possible to invest using self-directed tax-preferred accounts he has been building generational wealth for his family.

Bring your questions and your business cards. There will be time for Q&A with Bill and networking after his presentation.

RSVP here or find us on MeetUp.

TurboCharge your Yield!

Do you want to dramatically increase the yield on your real estate investments? Bill Crider will show you a painless and easy way to dramatically increase your return by 15% to 35% safely and consistently. Investing using tax-preferred money in your IRA or 401K allows you to build wealth tax-deferred or even tax-free, and to build that wealth at a much faster rate. Bill has been doing this for years, and he will share how it is done.

Bill Crider is a Georgetown investor who has been primarily a buy-and-hold investor for 40 years. He has branched out now into private lending, building, and flipping. Since it became possible to invest using self-directed tax-preferred accounts he has been building generational wealth for his family.

Bring your questions and your business cards. There will be time for Q&A with Bill and networking after his presentation.

RSVP here or find us on MeetUp

Hi @Bennett Smoot. An early welcome to the area :-) Assuming you don't overpay, buying new construction doesn't have to be anything like a new vehicle depreciation. Consider that your maintenance will be significantly lower for a few years while all the systems are new (and under warranty!) and ideally your CapEx will be zero for a while as well, allowing that pool to build up.

The biggest concern you have is about appreciation. Continued new construction in the area will suppress the value of your purchase, but not depreciate it. If you try to sell while new construction is available, you'd probably be looking at a sales price below what the new ones are going for. After that initial hump, you and all the other new houses will appreciate at the same rosy rate, whatever that is.

There are a few areas that have great cash flow opportunities for new duplex construction; Georgetown, Leander, San Antonio. I'm curious where you found yours? DM me if you don't mind.

Well said @Michael Jones! And I agree with you @Cody L., if you have knowledge or proximity to a location, that makes sense as well. If not, meet someone who does!

@Lei Zhao that's correct. What @Neil Narayan said is the same that I was going to share. To protect yourself, draft up your criteria before getting applicants so you can clearly point to the item (s) they don't meet. I always try to include a brief version in my rental listings as well as a sort of heads-up (income 3X rent, no delinquent bills in past 12 months, good previous landlord references, etc). I've spoken with some folks who even send over a google form pre-screen before they allow folks to apply. 

Welcome @Alan J Mowder! Congrats on your new endeavor and thank you for your service! I'd be happy to chat about my experience with Austin Texas Homes, the boutique brokerage I work with. It's a very low pressure environment with as much support as you want to receive. If you'd rather do your own thing and not attend meetings, no problem. If you prefer to sign up for regular Buffini Top Producer courses, they'll arrange that for you. It's more of a place for self-starters but the hand holding is there until you find your feet :-)

Tax Sales! Buying properties on the courthouse steps! We've all heard about it, possibly even considered it. This month we'll hear from Robert Worrell who has successfully purchased and rehabbed dozens of tax sale properties here in Georgetown and nearby. Robert will share why he likes tax sales, break down the actual process and considerations, his due diligence, discuss his particular criteria and hopefully share some of his best and worst stories. This is a great opportunity to learn from a local investor who has used this model successfully.

Bring your questions and your business cards. There will be time for Q&A with Robert and networking after his presentation.

RSVP here or find us on MeetUp.