What strategies are working well in Austin, TX today?
I ask because the odds are good that I could land a job there and I think it is a good idea to invest where you are... Especially at the start.
People to Know
From the BiggerPockets Blog
-
How To 'Survive and Thrive' With a Real Estate Partnership
-
How To Take Your House Flipping Education To The Next Level
-
What Do You Think of Beginners Owning Out-of-State Rentals?
Austin Market.
5 posts by 4 users
- 18 posts
- 1 award
Austin is a very tight market right now. If you can figure out a way to get permits building is a great way to make money right now.
Bryan Hancock, Bullseye Capital
E-Mail: b.hancock@bullseyecap.com
Telephone: 1-800-577-0401
Website: http://www.bullseyecapfund.com
I help busy people profit from real estate
There is a lot of land for sale.
Geographically, Austin is a big area so your land acquisition strategy can be to either buy older tear-downs, which are usually more central, or go out further and buy brand new land. There are some lots available central, but they're priced the same as the tear-downs.
I'm not sure about the prices and competition for land out in the burbs, but as @Bryan Hancock said, the Austin market is tight right now so if you're looking inside the city, competition can be fierce.
The rental market is extremely good right now in Austin. We are seeing good opportunities in mismanaged & under rented multifamily properties. Buying them low, fixing them to maximize rents, then either holding as a long term cash flow properties or selling to another investor for a profit.
Jeff Clawson, AustinVestors
Telephone: 512-695-2425
Website: http://www.AustinVestors.com
About BiggerPockets |
Press |
Advertising |
Stats |
Contact Us |
Help
| Upgrade to PRO
Terms of Use |
Privacy Policy
BiggerPockets ® is a registered trademark of BiggerPockets, Inc.
Copyright © 2004-2013 BiggerPockets Inc. All Rights Reserved.
Follow us:
