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All Forum Posts by: Steve R.

Steve R. has started 3 posts and replied 13 times.

Post: 1% rule in Austin TX

Steve R.Posted
  • Austin, TX
  • Posts 13
  • Votes 4

@Michael Tuck

duplex price : $550k ($7100 squarefeet lot and 1000squarefeet building both side)

1bed1bath each side. hydepark, 10 minutes drive to UT Austin

rental : $1200 each side

total rental : $2400

cashflow negative : -$1000 ( not including maintenance or property management . which will even make this to -1500 cashflow negative)

Appreciation: $5000

but the key here appreciation. so you can buy appreciation. thought

not sure what other think?

will you guy invest?

@Supada L.

Scenario with house price 300,000

1. appreciation . $500 permonth. and cashflow $300 per-month

2. appreciation $1000 permonth and cashflow -$100

3. appreciation $4000 permonth and cashflow -1000

in above scenario why we care about cashflow if appreciation earn more?

Post: Austin forbearance in July 2021

Steve R.Posted
  • Austin, TX
  • Posts 13
  • Votes 4

@Ryan Kelly

Thanks all good point. i am learning alot ;)

when us debt increase and cause interest increase so high then renter not able to pay anymore. does real estate still the lowest risk compare to all others https://youtu.be/bgPDW0ZpgJU?t=9m52s

Post: Austin forbearance in July 2021

Steve R.Posted
  • Austin, TX
  • Posts 13
  • Votes 4

Austin, Texas, ranks No. 1 for having the most people in financial distress. 75% homeowners in austin (https://wallethub.com/edu/cities-financial-distress/79863). does that mean in march-july 2021 Austin will face the most forbearance? (Those relief options allow borrowers to hit pause on their loans for a total of 360 days (two separate 180-day terms) that started in March 2020.)

@Allison Leung

how to see my own posting in mobile app? currently there is no easy way to view it

Post: would you invest with cap rate 8.22?

Steve R.Posted
  • Austin, TX
  • Posts 13
  • Votes 4

@Bjorn Ahlblad

Thanks

Post: would you invest with cap rate 8.22?

Steve R.Posted
  • Austin, TX
  • Posts 13
  • Votes 4

@Bjorn Ahlblad

yes. it is come from the listing. though, doubling the expenses to $20,000? doesn’t it sound like too much expenses ?

https://www.redfin.com/TX/Dallas/8001-Rothington-Rd-75227/unit-41-47/home/31139217?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

Post: would you invest with cap rate 8.22?

Steve R.Posted
  • Austin, TX
  • Posts 13
  • Votes 4

@Kristofor Rahmas

thanks. what will be no deal range for you? just curious so i can consider it as my benchmark?

Post: would you invest with cap rate 8.22?

Steve R.Posted
  • Austin, TX
  • Posts 13
  • Votes 4

@Tanner Morrill

thank you for feedback. appreciate. it give me some baseline benchmarks to look for