All Forum Posts by: Zachary Ware

Hey Lam,

I completely understand where you are coming from. One of the most daunting aspect of multifamily for myself is capital raising. I would be happy to have a chat with you about all things RE investing. 

Congratulations! Motivating story for those in analysis paralysis. 

 This was my first thought. Would also appreciate if you can share this information and possibly how you bought under-market if you did so. 

As others have said, I think you can get a better return on your money than paying off the rental property. You would pay down the debt on your primary in option #1, but would still have $225 in debt and the 10% would be locked away for some time. I would look to invest the money somewhere else that can provide a higher return, I personally feel RE is one of the best places to make a strong return. Look at buying another rental of possibly a rehab project.  

You have a few options. Reach out to your network. Talk to brokers, agents, leasing agents, property managers, etc and ask what the rates are for specific unit mixes. You can also look online for what units are currently being offered for. 

I would meet as many people as you can and provide value to as many of those people as you can. This can be as simple as buying them a coffee one a month to bringing them a good deal.

A PadSplit can be very heavy in CF but be careful if you are renovating a house and adding extra rooms. This can make it difficult to finance the property.

Have you thought about trying to sell them with seller financing with a balloon payment in 5 years? You could meet your required return off the interest and have the cash available in a few years if you're banking on rates being more suitable to buy at that time. 

Hey Hannah,

Congratulations on putting in that offer! There are a lot of local RE networking events here in Austin. I would be happy to introduce you to some. 

There are a lot of opportunities in the Texas Triangle for investing long-term. Over the long term, I think you will see great appreciation in these cities but currently, it is hard to find cash-flowing properties. I think there are some great deals secondary/tertiary to these larger cities, for example, around Austin, you have Buda, Georgetown, Temple, Killeen, and New Braunfels will provide you with more immediate cash flow.