I have a 3 bedroom, 2 bath unit built in 1975 about 1200 sq feet and just finished remodeling the 2 baths.

If rent goes from $1200 to $1275, but the same place down the street is $1350 the only reason to move is an emotional one.   

I have found an 1100 Sq Ft home (2 bed 1 bath).

Hello, I am thinking about looking to Invest in Austin area single family residential property in the next 6 months to one year.I am also thinking about 3 bedroom 2+ bath which may typically within the range of investment.Since its going to be for Rental, what is the preferred in Austin area for renting out, is it single storey house with 3 bedrooms with 1500+ Sqft or two storey with 2000+ sqft and upstair bedrooms?

I am thinking about using hard money to fund my new build but once completed refinancing thru a traditional bank to get a longer loan and a more favorable rate. find. lender that does both. easy street we are talking to for several new build triplexes for clients in columbus. they go up to 85% LTC and then can refinance on a DSCR. they want to see you win and do way more transaction volume than smaller local or regional funds.

It’s a 3000 sf 5 bed 3.5 bath new build (2022) with really nice finishes. 

Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.

Create columns for Name, Street Address, City, State, Zip and then contact info: Last Contact, Relationship, Status, Email & Phone.IMPORTANT: do NOT ask people for THEIR business, ask for referrals!

Adding a 500k house to the property would put it into the 2m price class (was my retirement plan) at that point I’d sell it with around a 1.5-1.8 gain on my actual cash invested and the only people who would be able to afford it would be the Wall Street bankers that wouldn’t put their kids in the school and wouldn’t stimulate the local economy.

Belvoir is 3 miles down the street.