We are capping 1st event to 40, focus on quality, good discussion, Q&A.  

No bad scenario for you in there.If you sell you'll want to use a 1031 so you can avoid the tax on cap gains and depreciation recapture.

There was one property with foundation issues where they couldn't get $460k for it locally after making the rounds past all the local investors, they broadcast it on facebook for $560k and I think it sold in one day....cap rate of like 5%.

I am still renting here because it is cheaper and easier than buying when considering maintenance, cap expenses, insurance, higher utilities for a larger area and property taxes.

Nothing wrong with either but at 3-5 CAP that’s what you have. 

Deal info: Purchase Price $195,000NOI= $30,905Purchase Cap Rate : 15.8% Value add plan to raise NOI to $45,954Market Cap Rate 9.5% Value Add ARV = $483,726Thank you!

You have to pay money but they tend to walk you through the process and you learn from their expertise, process, and connections.You could also possibly joint venture with them if your funds are low.For Indiana there is good investor demand to buy as cap rates are higher for newly built product versus other states and property taxes are generally not overly high.What stuff usually costs will depend on contractor demand for the area.

@Guifre Mora: when we are pulling the cash out vi refinance in 30 days, Is there a cap ( of acquisition amount) on amount that can be pulled out?

Many studies have proven that a price cap leads to scarcity of units - people won’t leave a multi-bedroom unit even when the extra bedrooms are no longer needed  because it will costs them more to move to a smaller unit.  

But as other have stated, the cap rates are crazy low in Austin.