Take into account age of HVAC, roof, foundation, water heater, and other big ticket items.

Never offer 20k or 30k over asking, or a round number like 450, make it 21k or 36k over asking or 451k!!

Hi guys, I would like to get your input about buying a property in Paloma lake, round rock area.

If I was able to get away from work for longer than a week I’d consider that.

All numbers rounded off and made up, and ignores expenses other than interest but the idea is....You have $100k.You can buy 1 x 100k property that rents for $1,000/mo and you make  $1,000/moYou can buy 2 x $100k properties with 50% down $2,000/mo minus $225 x 2 (3.5% 30 year) $50k mortgage payments ($450) = $1550/mo cashflow but $160/mo is going towards loan paydown so your income per month is $1,710.You can buy 4 x 100k properties with 25% down: $4,000/mo minus $337 x 4 (3.5% 30 year) $75k mortgage payments ($1350) = $2650/mo cash flow but $472/mo is going towards paying down loan so your income is $3122/mo.Leverage: Cons: (1) Numbers aren't really this rosey as you're quadrupling your insurance and property taxes.Pros: (1) If you only own 1 property it WILL occasionally be 100% vacant. if you own 4 houses they SHOULDNT all be vacant at the same time, and you actually make $650+$236 or $886/mo with only two occupied.

We trimmed to about 375 and mailed one round.

So I guess the question could be - If I sold you a lottery ticket for $850 that gave you a 90% chance of winning $8000 would you buy it??? 

Typical drive destinations can usually get occupancy year round especially during weekends or holidays.

Median sales price for the Austin - Round Rock MSA is now $395,000Median sales price for the City of Austin is now $491,000

Would love to buy another one in the next year or so, but with prices shooting up like they have, I'm a little hesitant to go in for a 2nd round right now.