I was thinking about a Dallas meetup in about a month, but you are right Bryan, lots of new Austin BP members lately.

Great response @Bryan Hancock @Brian Dwyer @John Blackman If I can add to that from personal experience, we at PatchofLand.com have been "crowdfunding" real estate since our launch in October of last year and we've seen a great deal of investor interest.

Probably someone like Bryan Hancock would be a bit more knowledgeable than me about the whole RE scene down there.

Originally posted by Bryan H.: This was a foreclosure I bought and flipped.

Bryan, you are right.

I know some folks here in Bryan/College Station that rent theirs out during aggie home games, and they make a good bit of money doing it.

Using your numbers, @Bryan L. : Finance costs as a % of profit = $7000/($80000-$50000) = 23% Finance costs as a % of ARV = $7000/$80000 = 8.8% JV partner cost as a % of profit = 50% by agreement We can split hairs and argue why CA and TN are different and how HML fees vary, but neither will come close to the 50% cost of a JV.

Like @Bryan L. stated, my realtor was knowledgeable in the laws and processes necessary to purchase my place.

Bryan,Absolutely outstanding article.

If you shut off the water and galvanized ends up empty (full of air) you will start getting rust and sediment as the air interacts with the damp and likely already rusty insides of the pipe.