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31 October 2018 | 1 reply
A quick glance at housing affordability in AustinMedian Household Income App (Forbes): $73,493 ($6,124/mos)Cost of Living (Forbes): 15% above nat'l avgMedian Home Cost (SFR-ABOR Stats): $302,250Assume 5% Down Payment Conventional Loan- 30 year amortization- $15,112.50 down pmt + any closing costs• Percentage of residents with less than $1,000 saved: 56%• https://www.gobankingrates.com/…/…/americans-savings-state/…- $287,137.50 amt financed- 4.375% interest rateHow the payment looks:PI= $1,433 mosIns= $105 mosTaxes= $458.33 mos (Assume $5,500/yr)HOA= $25 mos$2,021.3/mos PITIDTI’sHousing ratio= app 33% @ median income ($2021/$6124)FHA should be at 31% or less with Conv/VA/FHA being around the same although all have exceptions in placeTotal DTIThese hover between high 30%’s to manually underwritten total DTI’s in the 50’s or higher depending on the programs@ 45% Total DTI Ratio and assuming the above PITI pmt that gives a borrower approximately $734 per month in all other creditor debt (cars/cc/personal loans/etc)These numbers are not perfect but are rather a quick illustration of current housing affordability in Austin for Retail Buyers.Summary: Housing is becoming less and less affordable in the COA for end retail buyersAssuming increases in property taxes/insurance/interest rates on the horizon how does this affect us as investors?
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27 October 2018 | 13 replies
I would go with "I'm a local investor looking for new properties, if you know anyone looking to sell please have them call me *hands them a card*"And/or write down the address, mail them something and/or try to find a phone number to call via your own efforts or skiptrace service.Deal machine app is pretty cool I've heard, never used it myself.
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27 October 2018 | 3 replies
I also recommend getting the "meetup" app and checking on there.
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10 November 2018 | 2 replies
, THIS is the episode that will change your mind and show you it IS possible, even if you’re not 20 years old.Listen here or on your favorite podcast app.
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14 May 2019 | 5 replies
Listen here or on your favorite podcast app.
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4 November 2018 | 4 replies
In terms of the software, what kind of app are you developing now?
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7 November 2018 | 15 replies
First download @Jon Crosby 's app called click to flip and run a few numbers just to get a broad idea of feasibility.
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21 November 2018 | 31 replies
Thats why I'm really enjoying this app because of pwople like you willing to help.
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11 November 2018 | 8 replies
(Adopted 1/03, Amended 1/09)My apologies for typos - thIs Is a problem wIth the BP app.
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16 November 2018 | 66 replies
Everyday, I was looking at properties through realtor app (also from the lists that the realtor provided)and also analyzing deals based on the webinars of Brandon and David.