Investing in Central Texas

[Account Closed]

Hello all! 

I'm looking to get started with some fix and flips in the Central Texas area. I live in Austin but I'm looking to start with something a little slower paced than what's happening in our city right now. I'd also like to see some things at lower price point for my first few deals. 

Anybody doing successful fix and flips in the Central Texas area, but not in Austin proper? I've been doing a lot of research and education, but I thought I'd see what the community had to say. I'd love to get some leads on a solid/stable market in the area where I could get a few successes under my belt. Thanks!

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Amanda 

[Barry Ratliff]

I'm in Temple/Belton/Killeen area. Been flipping a few homes over the years. Lots of stability with adequate competition but the inventory is drying up. Have to be really fast to to analyze profitability and submit offers. Margins are lower now but sometimes you can find a diamond. Last couple I did was 13k and 28k net profit on sale priced homes @ 62k and 115k respectfully. I am also a real estate broker, ex home builder and developer so I know my area well. 

I agree with you researching out lying markets. Austin area just to competitive and over valued. If you have the funds and know of building lots, building and reselling new construction is way to go.