Purchase price: $62,000 Cash invested: $99,000 BRRRR deal, out of state during the pandemic with a newborn at home.

The high prices coupled with the saturation of the market (high supply = competitive/low ADRs) and Disneyworld still lagging its pre-pandemic levels means you'll be hard-pressed to find a good deal.

One thing I have also noticed is the prices of the houses have obviously increased through the pandemic but my question is what is the time period for the rents to follow suit?

2020 data reflects one thing and that is the anomaly of the pandemic.

First goal should be to build a nest egg to help in case there is a pandemic and youre not allowed to evict for a year.Next would be to save up for another property.I would only consider paying down my mortgage if I was planning to retire soon and wanted to stop growing.

I think a lot of people moved away from traditional job magnet cities like New York and San Fran to weather the pandemic.

Now I have great tenants that always pay on the 1st of the month even thought out the pandemic, because I screened them aggressively.

During the height of the pandemic with the Eviction moratorium some small investors that owned 4-6 properties with maybe 16-30 units found all their tenants default on them with no way to evict, no way to collect rent, and burned through their life savings of $150-200,000 trying to save their investment properties.

With contractors hard to find and materials costs still elevated well above where they were pre-pandemic, BRRRRing is not nearly as safe a bet as it once was, especially not with a ticking clock of a hard money lender.I've noticed on the podcast lately they have started saying things about "Just getting in" and "not trying to find the perfect deal", but just something that "gets you in the game"...

The Austin market has done remarkably well in the face of the pandemic, both in residency and in recovery.