All Forum Posts by: Travis Knight

I've identified a neighborhood that fits by 'up and coming' requirements. And I've found a duplex that meets my (monthly rents) / (purchase price) requirements. However, the duplex is in one of those blocks (or few blocks) that is very duplex heavy. 

I'm wondering what this will mean for appreciation and my ability to raise rents (compared to the broader market / neighborhood) for the years to come. My gut tells me that both will be a little depressed vs. the broader market / neighborhood. 

Hi Brad,

Do you have a CPA you recommend? I was thinking that I would need one that was based in, or at least knew, CA pretty well.

Austin is a tough market. I've been looking for awhile and found a place around I-35 and HWY 71. Good access to downtown; still expecting some upside from the market moving up. 

Thanks,

Travis

Hi,

I'm under contract on my first investment property. I live and work in San Francisco CA and my property is in Austin Texas. I need a recommendation on a good CPA. Also, not sure if I should fine one based in CA or based in TX.

Thanks,

Travis

I know the place is blowing up, and some large tech companies (one of which I work for) are moving to the area. I'm not 100% set on investing there, but I want to understand the market to see if it make sense for my investment strategy (appreciation focused over cash flow focused). 

Hoping to get a better understanding of 

(i) the appreciation the market has seen for the past few years

(ii) how much new inventory is coming online

(iii) what do rents look like for single family and multi-family homes

This should help me understand what more specifically I am looking for, so I can work with a realtor to find the right opportunity.

Thanks,

Travis

Hi,

I'm a new investor interested in the Boulder, CO area. Looking for realtor recommendations.

Exploring both single family and multi-family homes.

Thanks,

Travis

@Dan Burstain Hi Dan - I would definitely like to take a look. Can you please send them to tknight113  -  gmail.com?

I am looking at both MFH as well as SFR.

Thanks - Travis

@Carrie Hiner - Thanks for the note. I'll give you a call and hopefully we can connect this week or next.

@Kelly Smith - I was looking into small MFH initially, but am opening up to SFR. I've also been pointed to some subdivisions that are going up, and have thought about purchasing before they are built (I'm told this can lead to appreciation before the mortgage payments even start). With the latter one, I'm really worried about so much inventory popping up in those areas, and me having to hold for quite awhile because all of the new inventory depresses sales values, and keeps rents from generating a good cash flow return. Ultimately, I'm open. Just looking for a good return. My price range is less than $350 or $400k.

I'm new to RE investing. I live in San Francisco, but I'm from Central Texas (Burnet) and lived in Austin for awhile. I'm looking to do some investing in the Austin area, but the market seems really hot and everything looks overpriced.

If there are any Central Texas RE investors that would be willing to have a phone conversation with me, I would really appreciate it, and would be happy to buy you lunch next time I'm in Austin. I'm really try to get a sense if investing (at my level of capital) makes any sense right now. 

Excuse my naive question. I'm new to this game and trying to learn. I just spoke with an agent who mentioned a development going up where I could purchase a SFR very early (the model homes aren't even up yet). I am quite confident that the area is going to be solid so not worried about that, but I have a few questions:

-Is this a sucker play? And the agent just wants two commission?

-What type of time line am I likely working with? is this a 6 month thing or a 24 month thing?

-Even though it will only require a deposit of a few $k, is all of my capital tied up (since I'll have to use it for the down payment in the event that I don't sell it and have to get the mortgage)?

-Are prices for these units usually depressed because there is a lot of inventory in this development, since I'm not likely to be the only one spec'ing

-Is it dumb to sign up for this when the models aren't even up? Or is it reasonable to think that if I do diligence on the developer and the builder, that I may not get hosed?

Thanks for the pointers everyone. What I'm hearing is that its tough to find a deal in SF, especially at FHA loan levels, which means it would likely be older, and need lots of repairs, which would probably be out of pocket, because there aren't many MFH's generating cash in SF right now, especially if I'm living in one of the units.

@Gabe C. - I do work at Google.  :)