Austin Investor Tour: Please contact me to participate
Wednesday, December 10, 2008 1:43 PM
This is one of the best times in the past 20-30 years to acquire investment property!
At the request of a close friend, I'm planning to fly out to Austin in the next couple of weeks to acquire a couple of SFRs for a friend. I am also planning to look at an 83 unit that I've been working on.
I typically buy REOs (bank owned) properties at significant discounts (30% to 40%).
A typical investment for a SFR costing ~ $100k (3bd/2ba in middle class neighborhood) typically requires an investment of $10-15k. These are also very low risk as they allow full inspections just like purchasing from the MLS. These typically cash flow $[masked] after all expenses are paid.
I have a team in place to manage these properties and if you purchase an SFR with me I would be willing to manage this asset for you for $100 a month or a $1,000 lump sum payment at acquisition per year.
If investing in SFRs will help you meet you investment goals, please do not miss this opportunity.
Please contact me ASAP as we will be scheduling flights shortly.
To your success.
Translation: Sieze the day (take the opportunity when it is most favorable)