Austin Market.

Starting Out 12 Replies

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.

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.

Medium realstarter2Bryan Hancock MBA, RealStarter | [email protected] | (512) 827‑9638 | https://www.realstarter.co/Home/BH

Any Residential Zoned land for sale?

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.

Medium starlinglogomodern582x307notranspLynn Currie, Starling Development and Homes | http://www.lynncurriebuilds.com

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.

Medium av finalJeff Clawson, AustinVestors | 512‑814‑6374 | http://www.AustinVestors.com

That's exactly what we're searching for. We're in Louisiana, looking to reach outside the area and Austin is a prime candidate. Any pointers for an exo researching the area?

We have written probably 50 contracts this year and had 5 or so accepted. Most of the things we have purchased have been off market. So yeah....things are very tough; especially stuff on market.

Medium realstarter2Bryan Hancock MBA, RealStarter | [email protected] | (512) 827‑9638 | https://www.realstarter.co/Home/BH

Finding niches in wholesaling property works really well. We like to figure out what is being taught most in the majority of the training courses and target niches outside of that.

At one point most courses were teaching people to send direct mail to:

  • Absentee owners 
  • 3/2/2's
  • owned for 15+ years

Therefore, sellers who meet that criteria get marketed to by 10's of people per day.

Just looking slightly outside of that produced many deals for us that were 2/1's, 2/2's, owned for 10 years , owner occupied etc.  

Lamar Cannon, LamarBuysHouses.com | http://www.LamarBuysHouses.com

Hi my name is Jeff and I'm gearing up for 2015 to do wholesaling here in Austin, Tx. Would anybody like to give me some advice about how to get all the contracts for fsbo wholesale deals, and what Title Company will let me do these type of closings here in ATX.

Thanks guys 

Bryan,

What is off market mean? How do a person like me get access to them? Are these homes that are not listed to the public/MLS?

Originally posted by @Michael Win :

Bryan,

What is off market mean? How do a person like me get access to them? Are these homes that are not listed to the public/MLS?

He is talking about your own work to get property before a listing even hits MLS. Bandit signs, direct marketing, etc.

Is wholesale and off market worth the risks and trouble.  I have a decent portfolio now but always looking for deals.  My goal is to have 50 rentals and retire.  

I have good cash flow and willing to buy cheaper homes and even more expensive places with potential in hot areas of Austin.

Not sure if it helps, I have found off market deals lately but havent

quite fit my criteria.  There are deals.  Marketing and a solid network are key.