HOWDY YALLGarGus it sounds like the Austin area is making a good comeback or at least the start of one.I remember when I took my ABR over there everyone was dealing with contract wars and then the high tech crash came.BCS is still riding the wave and building is going on everywhere.Especially in the commercial arena.Land has gone up steadily which has escalated prices but this area is still undervalued compared to most of the places folks are coming from.It is common to see people buying with a good chunk left over from their out of state sales proceeds.Investors in rental properties are not as happy as they once were as the escalated prices are making it hard to get a good return without putting more in.The junker market has alot of inventory for those that rehab.Some Ive seen as low as 22000.The lots are usually good size.(10000 sq ft and bigger).Locations most of the time are iffy.High end rehabs are coming into the picture more now.Wealthy College kids live in and trash expensive homes that their folks buy and then wind up selling them cheap to cut their losses.Ilove this country.Well im off to NYC for 2 weeks of R&R with the family.Hope yall write a bunch of clean deals while I'm gone.Adios.Jennysh thanks for the website on your condo hotel its a beauty!

I simply would like to suggest, that you do a little research before presenting to your buyers.

Do you simply lie and say these homes are for your primary residence?

Most people aren't cut out to be an entrepenuer, that is why most people in this country are employed by others.

or simply another lease option?......

However, if the market changes and you can suddenly rent this same property for $900/month, there is no reason to expect that expenses would suddenly become $450/month on average over the long run (unless, perhaps, property tax increases as well -- so it's not 100% clear cut).Point is, it's a estimator.

And another thread were only creative financing ideas are exposed....This will help most of us newbies.....we would research the topics and subjets....and learn from them......perhaps make questions if needed....or simply return the favor by listing one of our success stories......I believe that this forum was created to help all of our members....I appreciate any comments or suggestions to improve this forum.Happy Investing!

I don't want to defend myself in a lawsuit because a newbie agent saw some quick, easy profit and "cut a corner" he shouldn't have.Just my opinion.all cash

I'm lucky that most of my properties have sprinkler systems, so it's set it and forget it for the tenants.In the last two years, I've only had to call and remind someone about cutting/sprinkling the lawn once.

My partner and I really don't want to cut 6% out of our profits.