All Forum Posts by: Atif F Shahnawaz

Ivan Huerta Hey Ivan, I'm very new to real estate investing and all of my knowledge thus far comes from books, podcasts and forums, so keep that in mind reading forward. My plan too, as my first real estate investment in the Austin market, is to find and rehab a property. I understand however that the market in austin is pretty hot and a true deal (a fixed upper with good ARV potential) is not going to be on the market long. So if you really have a property like this, unless your the only investor aware of the property, you should expect others to make moves on it as well. With that in mind, being green myself, I would never buy my first property unless I had an accurate assessment of what the rehab costs would be. That means going inside. I'm hoping that by spring of next year, I'll have networked enough to know 3 or 4 well regarded general contractors and will get all of them to look at the place and give me their estimated rehab costs with a well defined scope of work. By that time, I'm hoping to also have met and befriended (hey! I'm a friendly guy! 😁) some folks experienced in rehabbing who's brains I can pick when issues arise. I'll also have a real estate lawyer, and an account lined up as well as a property management company (because I don't want to manage it myself). I still have a lot of these pieces to put together before I jump in. Perhaps you have all the above worked out already. Best of luck and keep us updated on your progress! Atif

Thea Logan Count me in. I'm in town for another week, then I have to leave for work. Have a pretty open schedule!

To piggy back on Marcus Nickson 's question, can someone also go any fundamental differences in apartment complexes and MFH? There is a lot of material on the latter, but I find less on the former.

A house that comes with a 2 holer privy? I mean that's only like the best kind of privy. The man of the house and the missus can both get their day started at the same time. Why you don't even have to update the bathroom! 🤗

John Colburn Uh... what bank is this again? 😂

No, I've not. I might be bad at searching for them, but some of the Meetup.com groups I found here seemed pretty inactive. Could you recommend some?

Daphne Quay Hi Daphne! Glad to see more people in the austin area here on BP. I'm a nascent investor myself and always on the lookout for fellow investors in the area to connect with. Let me know if you'd be up for a meeting sometime! Regarding Waco, I heard the exact same thing from a local GC I was talking to just yesterday. I'd love to learn more about your thoughts on the Waco market. Best of luck to you! Atif

Thea Logan Welcome to BP. I live in austin myself and I'm a new member too. The community here has been very helpful and welcoming. I've meet with a few people in a short time and the conversations are very informative and helpful. I'm always up for meeting new people in my area. Shoot me a message if you'd like to connect! Atif

Indeed! Already meeting people in my area!

Wow, thanks so much for the replies. This is all gold, a lot stuff for me to sink my teeth into. 

@Aaron Mazzrillo- just curious about one point. When you looked at that area you were interested in an saw a bunch of properties on Craigslist, why did that turn you off? Did you think there was too much supply? 

@Account Closed - went to the America factfinder site and looked up a random town. I managed to find the % of the population of the town that were renters vs owners, which is pretty cool. I'll definately explore the site. And yes, I'd love to connect and chat, and the coffee is on me. I'll PM you.