The sellers are walking away with enough to pay capital gains tax, the buyer is stoked to get the property at the price he did, especially after looking for so long.

🏘I’m curious because as a future young real estate investor I’m stoked and thinking about booking a plane ticket over to experience the event itself!

@Stephen Stokes yes, we are aware of Icon. 

Super stoked about it, but we were stuck with the tenants that already lived there.

We came out of 2013 with a need for 1.5M housing units that had not been built from 2008-2012 for many reasons related to the global meltdown. since then we finally get the fires of the economy stoked and rolling again but there are supply and demand issues.So as we have seen the demand go up for workers and tradesman we have realized that from 208-2015 while we were going through the great recession all our tradesman had been retiring, retraining for a different line of work, or failing to recruit new apprentices.

@Stephen Stokes my point was as long as there is enough value added potential to bring it up to a 6 Cap or better on proforma then there is an opportunity.

First, properties are getting expensive here in Austin, and as @Stephen Stokes and @Jordan Moorhead stated, you will need at least 30-40% down to be cash flow positive, and that's assuming you are renting out BOTH sides of the duplex.

Stoked!

My name is Matt and before anything else, I’m stoked to finally post this bio and share my intentions with you all.

Stoked on this deal and stoked on finding more!