October 2021The U.S. housing market remains robust, with strong activity reported across both rental and residential housing fronts.

It still remains very much a seller's market, with just 1 month of available inventory in Austin and the greater metro.Here are the October 2021 numbers:The pandemic frenzy in the Austin area market began in fall 2020 and continued through summer 2021.

I just made an offer on a Qceanside mortgage that had some type of ties to Wells Fargo.

Funds used for Phase Two: Remaining proceeds from Newport Beach condo + line of credit funds + stock sale proceeds.

Current tenants do not use it, but I remain concern in case if someone falls in that cesspool.

well because i only have about 50k in equity and it'll take 40k to buy that house so all my money will be tied up so if a deal comes along ill be dead in the water.

I mentioned seller financing and the seller said that he would not want his money tied up longer than 2 years because he wants to use the proceeds to build.

Homes around us are selling for low 900s and we have 647k remaining to pay on a conventional fixed loan.

This is how you might be able to BRRR...Projected rental income: $172,800 ($200x12X12 + $144,000)- Expenses (if they were to remain at $72k) = $72,000NOI = $100,800Let's assume it appraises at a 6 cap, the ARV would be $1,680,000.Max LTV on new loan is 70% = $1,176,000 (assuming DSCR is in line)$1,176,000 - $700,000 (orig loan amt) = $476,000 but then subtract the rehab + loan fees for both loans.If you can fine tune the numbers with actuals and with some input from a property manager (as there are many variables here), we can clean this up but this is conceptually how I would look at it.Hope this helps!

As long as we remain humble and are willing to learn from others, those little things will manifest their true power.As interest rate move up, in general, the cap also shall move up.