-Nick@Ernesto Hernandez @James Wise  Basic source i use for national comparison is https://www.thumbtack.com/prices.https://www.homeadvisor.com/r/true-cost-of-home-im...https://www.fixr.com/costGuides.htmlhttps://www.improvenet.com/r/costs-and-prices/remo...

found a really cool piece of property with a small pond on it and know it would be great to develop it into a small subdivision. have a comparison to a Ryan's home property being developed and per arce the cost is the same.

I would encourage you to look around and talk to many sources so you can use them as a base of comparison.

While analyzing other markets is important for comparison purposes, starting out, one of your best options is going to be house-hacking if you don't plan on moving because you'll be better able to manage the property for very little yourself while learning.

However, if I’m not mistaken, cap rates take these expenses into account, and cap rates under 10% just don’t look like good deals to me, in comparison to SFH returns (at least those I have access to).

Austin’s status as a technology hub along with its high concentration of venture capital, warm climate and vibrant cultural offerings lead to frequent comparisons with the Bay Area – and in fact, high-profile Silicon Valley companies, including Amazon, Google, Oracle and Tesla, have recently expanded their operations in Austin," the report reads in part.Articles below detail the economic growth of major metroplexes in the US and Austin comes in at number 2 on the list.  

However, not an apples to apples comparison.

The appraiser will run a report on "market rental comparison" to help know what the property will rent for.  

Hi all,- I threw together a basic spreadsheet to do this comparison with real numbers  - https://docs.google.com/spread...- Assuming a $200k house with 20% down and $200/mo cashflow,  - If you throw cashflow at mortgage every month, you will pay it off in 20.5 yrs as opposed to 30  - You definitely increase net worth faster by doing this (an extra $3,948 at year 10, which is pretty small, but still something compared to the total $24,000 cash you would have saved over the course of 10yrs at $200/mo)  - You hit $80k in equity at 6yrs 5mo as opposed to 6yrs 8mo    - this is the real advantage because it allows you to acquire another property faster, but there is a very small difference here- Overall, I would say following about this strategy:  - only do it if you are confident that low-interest fixed-loans will be available 6-10yrs down the road when you would be looking to refi    - would be a shame to lose that advantage for the small extra advantage of paying down mortgage over that time period  - this still seems like a no-risk, no-tax savings account or bond    - instead of parking extra income (from job or whatever) at bank with minimal returns while waiting to buy another property, "invest the money in your mortgage" by paying it down   - I suspect this strategy might start to look better if you had an extra $1-2k/mo from job to put into this to really supercharge equity which is what David was talking about in book, but I'd have to crunch numbers more           - of course, have to make sure that refi closing costs won't wipe out any gains, and you don't risk losing a low rate fixed loan as @Robert Purcell said    - also, I suspect that nominal stock market returns of 7-10%/yr would outperform this (even with capital gains) because the money will be invested for 6yrs before pulling out for a new down payment (which means long-term capital gains as opposed to short-term and you have a better chance to smooth out stock market cycles so portfolio doesn't crash when you want to liquidate and use it as a down payment for property), but I'd have to crunch numbers more- Interesting idea to tune results, but I don't think I'll use it any time soon.

You can make Comparisons of ANY investments to each other as long as you know ALL the cash flows for each investment.I personally think the IRR is the most powerful Calculation you can learn.