Brand Spanking New Investor
Hello Bigger Pockets Members!
I have often wondered when I would make my first post! For the last few years I have been taking the time to lay a strong foundation for my wife and I to begin investing in real estate. I have cleared our debt, automated our savings, and built some reserves to be able to invest smartly and safely. My wife and I live and own a home in Northern VA and I am currently looking to invest out-of-state. In researching, I found a property in Austin, TX that seems like a slam dunk, but would love to hear some information on the area since I have never been! Any information on the Austin rental market would be greatly appreciated! Thank you all!
Most Popular Reply
@Kiefer Thiele I think that Austin is a great market for real estate. There are so many pluses. Its a growing city. It seems to keep getting better year after year. The only downside is that we have higher property taxes given that we do not have a state income tax. Multifamily is easier to cash flow. Single family is harder but still possible. Some submarkets perform exceptionally well and other submarkets do okay. All in all one can do very well with real estate in the metro. Buy and hold is the best strategy although there are exceptions.
@Suzanne Player Those are very good links. Thanks for posting!