All Forum Posts by: Zach Kracht

@Nick Belsky Thank you!

Wish I could make it, Let me know when the next one is! @Naji Saba

With rising interest rates, what interest rates are you underwriting your BRRRR deals on when you plan to refinance after all the renovations?

I am looking at buying some properties with hard money, how concerned should I be about the rates being much higher than I am underwriting for?

Anyone have any thoughts? Should I change my financing strategy?

I would love to join y'all as well. I am based in Southwest Austin but down to travel

@Marian Smith I will expand my search to Round rock Area, as well plan to relocate to North Austin in the coming months. Thank you!

Hey BP.

I am interested in purchasing a large lot .25-.5 acre that already has a single family house on the lot. My plan would be to add a 2nd unit of a workshop (warehouse/3-4 bay garage) for my business in the back and rent our the main house MTR or STR depending on the zoning of the lot.

Another idea I had was building large garage with an apartment above it (1200 square feet apartment) and renting out the 2 units and "Office hacking" the property.

The issue I am running into is figuring out what type of zoning I should be looking for.

Could I do either one of these options in SF2 and SF3 or do I need to just consider commercial lots

I am planning to use the SBA 504 loan which requires my business to occupy 51% of the square feet on the property and a 10% downpayment. Loan is a 20 year amortization.

Any developers or builders that could offer insight on lot type, zoning, and feasibility on either of the options I am considering with a just a basic steel building all the way up to a full workshop and 2 bedroom apartment.

Thanks

Zach

Hey Conner, How do I find info for south Austin? Do I have to have listing with price labs?

Hey BP, 

I am looking for a hard money lender to lend on a cabin in Boone, North Carolina. I am running into an issue where most hard money lenders I have spoken to only lend in areas classified as "non-rural" by an appraiser.

Purchase 90k

Rehab75k

ARV 235k

Any insight on how to navigate this would be appreciated 

This is amazing for my business, we work with perfect game in the Austin pretty regularly 

Hey Sarah

This is awesome, I invest in South Austin as well and I have been thinking about using this strategy as well for my next property!