Investor · Austin, TX · Member since 2015 · 10 posts · 2 votes
Dear Austinite,
I am looking for couple of buy and hold deals in Pflugerville, TX. Any thoughts from Austin guys would be much appreciated. Do you think it is a growing area with a potential or just a suburb that only those who cannot afford Austin would rent there?
Investor · Cedar Park, TX · Member since 2014 · 317 posts · 74 votes
11y
Pflugerville is a great place to invest. Actually just about anywhere in Austin or the surrounding areas. I just picked up a property in Round Rock and that is another good area. Hutto is a great area if you want to sell property owner financed with a wrap. If you think you might be interested in my Round Rock property send me a PM. I have not decided if I want to wholesale it or filp it.
Investor - buy and hold. · Cedar Park, TEXAS (TX) · Member since 2015 · 95 posts · 7 votes
11y
I personally stay away from Pflugerville, just because of high property tax. The $ should go into my pocket, goes some where else and I don't like that. Plus properties doesn't get appreciate as much.
I personally stay away from Pflugerville, just because of high property tax. The $ should go into my pocket, goes some where else and I don't like that. Plus properties doesn't get appreciate as much.
I agree with the property tax assessment. But would that translate to better services by the city (better schools etc.)? What I liked about Pflugerville is that is quite close to Austin (definetly closer than Round Rock) but hasn't appreciated as much. So maybe it's actually a plus that there is more room for appreciation?
What other areas you think would be a good for buy and hold strategy?
Investor · Austin, TX · Member since 2015 · 23 posts · 6 votes
11y
I've lived in Pflugerville for over 10 years. It's never really "popped" as a market like Austin has. However, it's one of the closest suburbs to Austin, and the prices have been going up steadily. The toll roads and the Stonehill shopping center have helped. There is quite a lot of new construction out by the lake. So, I think it has some potential. Austin is increasingly unaffordable.
I'm new at RE investing, so I don't have much experience to offer, but if there's anything I can help you with, let me know.
Investor · Pflugerville, TX · Member since 2014 · 114 posts · 19 votes
11y
I have to say I live in pflugerville, my experience and observations are this. Taxes are a little bit higher, but for that you have schools that are decent. I'm from Austin and the schools are terrible unless you go private school, which is why people with kids move to the burbs. Pflugerville, round rock, and cedar park all have way better schools than Austin. That being said I have also seen appreciation in the market here but only in starter homes. There are also a lot of more expensive homes here but I think because there is so much open land and so much development going on it will be very slow on the apperception. I think the very fast rise in housing costs in Austin is pushing people out this way where it is more affordable. But a shorter commute then round rock or cedar park. I read something the other day that said more building permits were issued in pville than round rock and Georgetown combined. So that's my .02 for what it's worth, it all depends on your strategy.
I am getting reasonable cash flow on the property I was looking at Pflugerville and my plan is to hold for at least 15 years. In any case, I think that 10 years down the road it may actually have a bonus by appreaciting in value as well (Good location, good schools, and current prices are still reasonable). So it's a way of investing in the hype of Austin without all the hot air of Austin itself.