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Updated almost 6 years ago on . Most recent reply

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Reno Ancheta
  • Investor
  • Austin TX
4
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Breaking into expensive Austin market

Reno Ancheta
  • Investor
  • Austin TX
Posted

Hello all,

I’m looking to buy my first home in Austin TX, the prices of homes anywhere within 20 minutes of downtown are $300k plus for basic single family homes. It seems to me that based off the home price , it would be hard to make a profit from renting the home since its so far from the city.

What strategies have y’all used to successfully profit in an expensive sellers market?

Most Popular Reply

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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
3,500
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5,007
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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
Replied

@Reno Ancheta I'm doing rehabs on multi unit properties to get the rents up personally. I bought one for $341k that will rent for $4000 gross after rehab

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The Moorhead Team
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