Purchase price: $13,000,000 Cash invested: $5,150,000 District Flats.pngDISTRICT FLATS112 UNITSMesa, AZ​​Acquisition Date : March 2020Purchase Price : $13MDown Payment and Renovation Costs : $5.15MLoan : 10-Yr Floating Interest Rate, Non-Recourse Agency LoanDeal Structure : 506(B) Syndication Unit Mix : 33 Studio | 78 1BR/1BA | 1 2BR/1BAProjected Hold : 2-5 Years

Purchase price: $16,500,000 Cash invested: $6,200,000 SUNNY BROOK103 UNITSMesa, AZ​Acquisition Date : March 2021Purchase Price : $16.5MDown Payment and Renovation Costs : $6.2MLoan : 3-Yr Adjustable Interest Rate, Non-Recourse Bridge LoanDeal Structure : 506(B) SyndicationUnit Mix : 72 1BR/1BA | 20 2BR/BA | 10 STUDIO | 1 3BR/2BAProjected Hold : 2-5 Years

March 2021 Housing Statistics for Austin, TX and surrounding MSANo surprise here, the City of Austin has surpassed the half million dollar median sales price mark this month at $514,000.

If a BRRRR falls in my lap, I figure out how to make it work, like the house we finished renovating back in March 2021.

This is a real water bill from March of this year on a duplex.

Standard AS IS Florida contract written and executed by both parties to close March 19.

We all hear about the $200k+ over asking price offers (which does happen for Austin, Cedar Park, etc) but statistically offers go for 108% of list price as of March 2021 data for the Austin-RR MSA.  

From bls.gov, "The Consumer Price Index for All Urban Consumers rose 2.6 percent for the 12 months ending March 2021, the largest over-the-year increase since August 2018.

We moved in March 2020 and renewed our lease in March 2021.

Hey guys 👋 I just became licensed mid March and would love your guy’s opinion.