Developing strong financial and business acumen is also crucial for success as an investor, so that’s another area where you could focus your efforts if getting a license doesn’t align with your plans.I’m here as a resource—feel free to reach out if there’s anything I can do to help!

Regarding the HOA and CC&R's, the builder can make changes to the CC&R's pretty easily while the development is under Declarant Control.

I ran your numbers through my own development proforma analyzer and it looks really good as a DSCR loan. 

I do ground-up urban infill multifamily development and we are effectively at standstill as far as new projects go.  

Plus, you get huge appreciation here based on how many companies are moving and developing here! 

We’re developers managing our own portfolio and don’t have any outside investors.

Single family or multifamily, flips or rentals, new developments in light areas or infill lots?

When I purchased my property, I had read all the exciting developments in the works...indoor waterpark, shops, new hotels, restaurants, etc., but was severely disappointed when I went recently with my family. 

You develop relationships with a handle of people that are creating notes and you help them recapitalize, it is like a conveyor belt of deals coming to you.  

Many Texas cities are incentivizing developers to build affordable housing units, but challenges remain around keeping these homes accessible long-term.