
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?

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.

27 October 2018 | 3 replies
I also recommend getting the "meetup" app and checking on there.

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.

14 May 2019 | 5 replies
Listen here or on your favorite podcast app.

4 November 2018 | 4 replies
In terms of the software, what kind of app are you developing now?

3 November 2018 | 3 replies
I often go to the gym and have traded my heart pumping music playlist for Bigger Pocket podcast.

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.

21 November 2018 | 31 replies
Thats why I'm really enjoying this app because of pwople like you willing to help.

12 November 2018 | 6 replies
Sure we would all like to time things perfectly when the cycle dips/there’s a crash, but if you are planning to hold long term it’s very different than flippers who have houses when the market crashes and “are playing musical chairs and don’t have a chair”.