Thanks for the insight from a local investor in PR!

Thanks for sharing your experiences and insights!

Thank you very much for your insight.

I wouldn't say housing market in Austin has crashed ... we just bid on a prop this weekend in central Austin and it went to multiple offers, my friend just bought in N Austin and there were 12 offers on that prop.

I offer a 20-30% discount depending on the property, time of year (sometimes a long term guest just isn’t worth the amount of money you can lose), and length of stay. 2.

Hi all, I want to get out of the real estate game and do a 1031 exchange to roll my equity into a home that I will eventually live in after the 2-year required rental period. Besides hiring a realtor to do a tradition...

I've been searching for and working towards purchasing my first investment property for years and years, every time I found one that fit, other local investors with more experience, more readily available funds or alternative financing, and more connections were already writing offers while I was touring the property.

Additionally, the multifamily millionairre volume 2 by Brian Burke gives you good insight into the large multifamily purchasing process, the associated due diligence and underwriting. 

I do have other offers so that is a good thing. 

Mortgage 15/1 arm at $3.375% with max 4% interest increase due 15 years from July 2015 (Aug 1, 2030).Current condo monthly maintenance fee : $1036 includes water, amenities (pool, tennis court, concierge, gym, sauna, community room with pool and ping pong, maintenance)Current monthly mortgage payment: $499 interest, $504 principal Monthly taxes and insurance: $459 monthly contents insurance: $38Past Assessments: $11k for building HVAC upgrades $8k for building updates and building reservescurrent market value $400k - $425kcurrent  monthly rental median: $3100-$3200monthly landlord insurance: $45I'm also trying to decide if I should rent or sell and invest elsewhere.Appreciate all insights.