All Forum Posts by: Stephen Stokes

https://www.kxan.com/news/loca...

@Amarnath Pallampati check out Barton creek lending and better.com for conventional and Sonora bank for a portfolio loan.

I have yet to find anyone ever willing to do HELOC on investment property but if you do find one please send me the info.

@Jacob Pereira

3% is prevailing on public listings (think LoopNet) but that is on a stable complex without a lot of deferred maintenance or other issues. I personally wouldn’t buy anything less than 8% for investment purposes. Hopefully you were asking so you would have a good handle on what your terminal rate might look like. As interest rates across the yield curve increase, expect cap rates to expand as well and get closer to historical average of 4-6% in Austin. 

@Alex Kovalenko

Part of maintaining your legal responsibilities is to treat everyone the same. Either require the background check (my suggestion) or don’t but be consistent or you are opening the door for a discrimination claim.

@Tim V. I may not be great to hear you vent but I do have some ideas that may help. Get in touch.

@Michael Tuck

MLS# 6050295 is a 1% deal and it was listed on the Austin MLS.....$200k and $2100/mo in rents.

@Michael Tuck

What price makes sense for your strategy? That is no doubt an investor property listed on the MLS in Austin that someone will eventually find a way forward that makes sense for both buyer and seller.

@Michael Tuck

Check out MLS#:5485456

Austin needs more housing.

@Jody Sperling great advice!

This is an opportunity zone area. There are tax benefits to investing specifically in these designated areas.

https://www.austintexas.gov/de...

Here is a link to the map of these zones:

http://arcg.is/1LvGv00