Yea when we move back we’ll be in a luxury apart setting for the time being which the wife loves & proximity to everything however in doing so the property would be vacant until we have a tenant.

Some state attorney generals may even pursue suits against you for "unfair business practices violations."

The suit argued collusion in the big name brokerages and by NAR, that they were in secret agreeance to force sellers to offer such.

Being in the Dominican Republic, I imagine that it could be more but it sounds like it's a luxury property so it could actually be less. @ 50%, the net income would be $120k, which would give you an ROE of less than 7%.

I am an ambitious retired network engineer who started that career after closing down my first business which was in the automobile industry، sooner later I developed an interest in investing in my property and other ones by using Airbnb. it was a really funny story to begin but you know that after one year I would be managing 33 luxury apartments distributed across one of the fastest growing communities in my country.

Do you plan on doing STRs or is this a brand new luxury 4-Plex where you may be able to get high LTR rents?

New developments in Manor, East Austin, Georgetown, Plufgerville, Cedar Park, Buda and Kyle are seeing new luxury devleopments that offer a luxury lifestyle without the excessive rental pricing you'd see near downtown Austin. 

she wanted payments lower than her current rent, no downpayment, and wanted us to build her a master suite on to the house.  

If you were actually at my event, you'd know that 1) I buy at wholesale prices, 2) I buy for cash flow, not for speculative appreciation, 3) we 'create' appreciation by making value-add improvements to properties, and never speculate, 4) I stabilize properties & refi out my investors in 12-18 months, allowing more predictability in interest rates & loan terms than speculating 5-7 years out like most syndicators do, 5) if the market shifts, I'm at a low enough cost basis that I have many options on what to do with the property (hold, refi, sell, etc), 6) once investors are cashed out in 12-18 months, I'm the only one with ongoing responsibility & liability (even though it's a non-recourse loan there is still some liability I take on), 7) I project for increased interest rates (which actually just dropped .25% last week, btw), lower LTVs, and lower valuations than what the market is showing right now, keeping us at very safe levels, and 8) I only buy workforce A & B class apartments (not luxury, not C/D class) which is the most insulated asset class in real estate.I have NEVER publicly pitched a deal, or even pitched a deal in my events. 

I was coerced in to signing an acknowledgement contract, after they threatened to send a the $995 cancelation fee, even though I never signed the original acknowledgment letter, ON TOP OF THE $795 application fee.I am currently pursing a civil suite against them, have file a complaint on every single platform I can find.