austin investment webinar - seewing 4-9-15

AUSTIN INVESTMENT WEBINAR – CASH FLOW CITYBy Kenn RennerRenner Realty,Inc

www.BuyAustin.com

Kenn Renner 30 Years in Real Estate / Broker - Investor Moved to Austin in from California 1993 to be a

bigger fish: “I know Austin” One of the Top Brokers in Austin, TX with over

$100,000,000 in sales in the past 6 years Over 700 investor properties sold National Speaker/Author – Recognized Expert HGTV House Hunters Veteran Watch part one of this webinar – Search in Youtube “Austin Investment Webinar”

| Kenn Renner | 512-423-5626 | [email protected]

www.BuyAustin.com

Author / Speaker


www.BuyAustin.com

www.BuyAustin.com

Real Estate - Come Back Kid Warren Buffett says along with equities,

single-family homes are a very attractive investment right now.

If held for a long period of time and purchased at low rates, Buffett says houses are even better than stocks.

Buffett says he'd buy up "a couple hundred thousand" single family homes if it were practical to do so.


www.BuyAustin.com

Why Real Estate? Someone else helps make payments

(tenant) as balance is paid off Eventually will be free & clear “Find out where people are moving and

buy land (property)” Roy Rogers Trends follow historical patterns


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Why Austin Real Estate? Undervalued Highly rated place to be High quality of life Affordable People and companies are moving

here Rents are high and vacancy is low Highest job growth in the Nation


www.BuyAustin.com

Home Of: The Capitol of Texas The University of Texas - The largest University in the

U.S. New Apple Computer facility (3000 Jobs) Formula One Race Track Live Music Capitol of the World South by Southwest music festival Austin City Limits


www.BuyAustin.com

Home Of: Major employers include:

State of Texas, Federal Government, UT, Dell, IBM, Samsung, Freescale ,AMD, GSD&M, State Farm, National Instruments, Applied Materials, Whole Foods, Ebay Paypal, Accruent, Visa, GM, Facebook, Google, Etc.


www.BuyAustin.com

Austin 2015 Many are forced to rent Highest job growth in the Nation Major migration to Austin Lack of new developed lots Builders are raising prices due to labor, material and lot shortage Current rental housing shortage


www.BuyAustin.com

www.BuyAustin.com

Real Life Sample Pro-FormaExample: $150,000 Purchase Price Down Payment: $ 30,000 Closing Costs/PrePaids: $ 3,900 Cash to Close: $ 33,900 Loan Amount: $120,000 Interest 4.25%* $ 590 Taxes @ 2.4%: $ 300 Insurance: $ 60 Total Payment: $ 950 Management @ 9%: $ 121 Payment + Mngmt: $ 1,071 Rent Range: $1,350-$1400


* APR 4.632% 30 year fixed rate for 360 payments. No balloon payment. Kenn Renner is a licensed real estate broker and offers real estate guidance. Kenn Renner is not an attorney, lender or or an accountant and does not give legal or tax advice. Please seek your attorney’s, lender’s, financial planner’s and accountants advise when dealing with legal or tax issues

www.BuyAustin.com

Sample Pro-FormaExample: $175,000 Purchase Price Down Payment: $ 35,000 Closing Costs/PrePaids: $ 4200 Cash to Close: $ 39,200 Loan Amount: $140,000 Interest 4.25%* $ 689 Taxes @ 2.4%: $ 350 Insurance: $ 60 Total Payment: $ 1,099 Management @ 9%: $ 128 Payment + Mngmt: $ 1,227 Rent Range: $1400-1600



www.BuyAustin.com

Sample Pro-FormaExample: $200,000 Purchase Price Down Payment: $ 40,000 Closing Costs/PrePaids: $ 4,500 Cash to Close: $ 44,500 Loan Amount: $160,000 Interest 4.25%* $ 787 Taxes @ 2.4%: $ 400 Insurance: $ 60 Total Payment: $ 1,294 Management @ 9%: $ 139 Payment + Mngmt: $ 1,433 Rent Range: $1,550-1800



www.BuyAustin.com

Your Pro Team CPA Financial Planner Lawyer Asset protection

company Self-Directed IRA

Custodian

Real Estate Broker

Lender Property

Manager Leasing Agent


www.BuyAustin.com

www.BuyAustin.com

Management Company Hand picked preferred management Pre-leasing, management, daily

operations Leasing fees 60-80% of 1st months rent Management 8-9% of gross rents per

month Self Manage ? – Not Recommended


www.BuyAustin.com

Our Sponsor – Prime Lending

Financing up to 10 properties Interest rates in the low 4s 15 % Down – 30,25,20,15,10 Year

amortization 10% Down for FNMA – Home Path Cash out refinance up to 75% Sherri Eckert

Cell 512-293-0587, Office 512-716-3517 Email: [email protected]


www.BuyAustin.com

Renner Realty’s Role: Buyer’s Broker – Seeking long term relationships & referrals Search for and find property - cherry pick Tie-up, negotiate, acquire, guide, close Act as eyes & ears Attend walk - through Leasing and arranging property

management Disposition – Exit strategy


www.BuyAustin.com

Residential Opportunities in Austin, TexasTX Investor Plan of Action

Steps to become a Texas real estate investor with assistance from The Renner Team:

Decide Contact Kenn Renner, Broker - Renner Realty, Inc. Discuss plans & strategies Make application with lender


www.BuyAustin.com

Residential Opportunities in Austin, TexasTX Investor Plan of Action

Make plans to visit Texas for a tour (optional) Renner Realty, Inc. will...

Locate target properties Email photos, or floor plans & specs Negotiate the contract between buyer & seller Facilitate transaction Provide leasing and arrange management services Help acquire more or help sell when ready


www.BuyAustin.com

Referrals

The best compliment a professional can have is a referral from a satisfied client. I love your referrals.


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austin investment webinar - seewing 4-9-15

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