I am trying to figure out a few different options when it comes to buying out my partner when the time is right.We are currently 50/50 in the deal financially, minus his land cost that we built the property on together, and took out a construction loan to build 6 houses, a pavilion on river front property in the Texas Hill Country.

Built out double dormers.

Upgraded the bathroom, kitchen, some appliances, built a laundry room, replaced cabinet hardware, replaced damaged flooring tiles.What was the outcome?

Are there new restaurants, buildings, apartments, etc being built in the area.

House in built in 2015 in a great area next to Lewisville lake with a highway within 1 mile of the property… perfect for a rental.

We tend to fill these units a bit slower than ours in Iowa City or Cedar Rapids but it's not drastically different.

It’s a STR in Galveston TX and we have some solid equity built up.

Now once the property is built and rented, mortgage it and move on to the next.

Recently I have built a real estate BRRR calculator model in excel that anyone can use to calculate the cost of the project and calculate ARV, interest, net cash flow, ROI (5-year forecast), Cap rate etc.

Their product that was built, designed with the end buyer being the homeowner, will have nicer fixtures, and amenities thus making landlords that have mid-grade homes compete for a lower pool of residents.