Good afternoon,I’m new to the real estate industry and have been actively conducting market research by driving for dollars in the Austin (ATX), San Antonio (SATX), Houston (HTX), and Dallas-Fort Worth (DFTX) areas.

Another part of the problem is the landlords themselves; the landlords buy low income housing for cash flow, and if the property needs repairs, maintenance, capital improvements, they’re reluctant to “upset” their expected cash flow by investing in the property.  

The trade-off might be worth it in order to avoid this problem in the future.

What kind of actions would you guys take to get this to cash flow in my situation.

I will explain.During COVID (at least in my market FL) you could rent an outdated house 15 miles from the beach and other attractions and decorate it off of Facebook marketplace for $2,000 and rake in cash. 

Generally, for the optimal refinance, these are top of mind for BRRRR strategy investors:Return of capital: The key “secret sauce” of the BRRRR method is to build portfolios using the same capital over and over—which relies on getting your basis (or more) back on the refinance, where basis refers to the money you invested in the property (down payment and cash used for renovations).Speed: Refinance lenders use the term “seasoning” to refer to the amount of time (typically in months) between the purchase of the property and the refinance.

STR I would highly recommend not to focus on as first investment: also there, my partner is a superhost and we have been managing Airbnb for years and the last year has been pretty funky: people tend to book last minute and you risk to be cash flow negative starting brand new.

Purchase price: $200,000 Cash invested: $75,000 Sale price: $430,000 Pocket listing.

A bit long on the payback but add in any value increase to the property from doing it, including its increased attractiveness to condo conversion down the line, immediately better cap rate, etc...and it could be worth it.  

If push comes to shove I'm not above offering cash for keys to cycle out a bad tenant and get the unit ready for a good one.