All Forum Posts by: Joe Scaparra

Thanks Bryan,

Two of my duplexes are in Round Rock.

joe

Howdy, I live in Austin, TX and found this website today. Really a good source of info here, for beginner and seasoned investors. I spent 20 years in the United States Air Force (pilot). I then began a career as a Financial Advisor and now I own my own financial planning firm. I love real estate as an investment (not part of my firm) and I focus on duplex investing to augment projected retirement cash flow.
I have scanned the website and like what I see, but I am confused about one rule that seems to be used a lot, and that is the 2% rule. I just closed on an unbelievable duplex deal here in Austin, TX and it did not make the rule. Now I do know it is a guideline per se but really are you investors out there able to accomplish the 2% rule as a norm? I would especially be interested if investors are achieving it in the central TX region. I can do 1% rule but it seems that the 2% rule is unrealistic for an average investor deal. BTW, I own 4.5 duplexes and looking for more.

Welcome Eloy, I just found this site as well, I think it is great. I live in Austin, graduated A&M '77, sent two kids their '06 & '09. Bought my first duplex in Bryan 2002 and still have it. There is a lot of good information here and you are probably in the best state and one of if not the best location in Texas to invest in real estate. Good luck.

joe