This is a sign that buyer demand for Austin area housing, though lower than previous years, is still very healthy.Here are the full stats for Austin and the greater metro:Here’s a chart showing the monthly median sales price of a single-family home in the City of Austin in 2024:The median sales price for a single-family home in September 2024 was up roughly 11% from the beginning of the year.

For this particular deal, we put down 55%.

This portfolio consisted of around 80 single-family homes, some mobile home parks, a commercial building, some multifamily, and some luxury short-term rentals.I started getting a lot of people reaching out to me and asking me questions about real estate and if I would help them learn how to invest.

What made you interested in investing in this type of deal?

Conventional financing for fractional ownership---who is gone mainstream with this type of financing?

There are many REI specialized accountants on this forum who provide bookkeeping and tax services, but all of us have different models of service, different approaches and different prices.

@Chris SeveneyI do want to minimize liability considering I intended to have multiple properties under one LLC capped at 10 just because somewhere along the line I was told this is good practice.

This is not an absolute truth by any means, but a way to filter and have a better shot of those looking to sell/retire.   

Hey Jeff, this definitely looks like something worth inspecting as a 2.5x is quite large.

This property is in California in the LA area.