2. www.BuyAustin.com
Kenn Renner
30 Years in Real Estate / Broker - Investor
Moved to Austin in from California 1993 to be a bigger
fish: “Ikno w 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 | Kenn@BuyAustin.com
7. 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.
| Kenn Renner | 512-423-5626 | Kenn@BuyAustin.com
8. 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
| Kenn Renner | 512-423-5626 | Kenn@BuyAustin.com
9. www.BuyAustin.com
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
| Kenn Renner | 512-423-5626 | Kenn@BuyAustin.com
10. 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
| Kenn Renner | 512-423-5626 | Kenn@BuyAustin.com
11. 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.
| Kenn Renner | 512-423-5626 | Kenn@BuyAustin.com
12. 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
| Kenn Renner | 512-423-5626 | Kenn@BuyAustin.com
28. www.BuyAustin.com
Real Life Sample Pro-Forma
Example: $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
| Kenn Renner | 512-423-5626 | Kenn@BuyAustin.com
* 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
29. www.BuyAustin.com
Sample Pro-Forma
Example: $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
| Kenn Renner | 512-423-5626 | Kenn@BuyAustin.com
* 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
30. www.BuyAustin.com
Sample Pro-Forma
Example: $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
| Kenn Renner | 512-423-5626 | Kenn@BuyAustin.com
* 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
31. 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
| Kenn Renner | 512-423-5626 | Kenn@BuyAustin.com
33. 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
| Kenn Renner | 512-423-5626 | Kenn@BuyAustin.com
34. 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: seckert@primelending.com
| Kenn Renner | 512-423-5626 | Kenn@BuyAustin.com
35. 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
| Kenn Renner | 512-423-5626 | Kenn@BuyAustin.com
36. www.BuyAustin.com
Residential Opportunities in Austin, Texas
TXInve sto r Plan o fActio n
Ste ps to be co m e a Te xas re ale state inve sto r
with assistance fro m The Re nne r Te am :
Decide
Contact Kenn Renner, Broker - Renner Realty, Inc.
Discuss plans & strategies
Make application with lender
| Kenn Renner | 512-423-5626 | Kenn@BuyAustin.com
37. www.BuyAustin.com
Residential Opportunities in Austin, Texas
TXInve sto r Plan o fActio n
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
| Kenn Renner | 512-423-5626 | Kenn@BuyAustin.com