Purchasing first rental property around north of Austin, TX

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Purchasing first rental property around north of Austin, TX

Parul Chauhan
Rental Property Investor · TX · Member since 2021 · 3 posts · 3 votes

Hi BP Community,

I'm looking to purchase my first rental property around north of Austin, TX area (Cedar Park, Leander, Round Rock, Pflugerville). I am OOS and new to real estate investment and would appreciate if I could get some guidance in the matter. I understand since the market is hot right now, expecting to be cash-flow positive is unlikely. However, I would like to get recommendations on properties where I can come close to breaking even and that have a potential for great appreciation. Are Georgetown and Liberty Hill also good areas to consider? 

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Victor SteffenBusiness Member
Investor · Austin, TX · Member since 2017 · 352 posts · 374 votes
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@Parul Chauhan

Hey Parul, welcome to the fray. I’m staying cash flow positive on each of my purchases in round rock/ Pflugerville areas. Buying under 400k, 4+ beds, 2+ baths, 2000+ sq ft and renting each room for 850-950. More management intensive but it has been working for me and my clients in the north Austin area. Good luck!

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  • Victor SteffenBusiness Member
    Investor · Austin, TX · Member since 2017 · 352 posts · 374 votes
    5y

    @Parul Chauhan

    Hey Parul, welcome to the fray. I’m staying cash flow positive on each of my purchases in round rock/ Pflugerville areas. Buying under 400k, 4+ beds, 2+ baths, 2000+ sq ft and renting each room for 850-950. More management intensive but it has been working for me and my clients in the north Austin area. Good luck!

    Podcast Guest on Show #790
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  • Parul Chauhan
    OP
    Rental Property Investor · TX · Member since 2021 · 3 posts · 3 votes
    5y

    @Victor Steffen

    That’s interesting! Could you please recommend me a realtor and a property management company who can help with this process? Thank you.

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  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
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    @Parul Chauhan liberty hill can work!

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  • Rachit Puri
    New to Real Estate · Seattle · Member since 2019 · 11 posts · 3 votes
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    @Parul Chauhan

    Do you live in Austin. I'm also looking for my first rental property in Austin. I live in Seattle so not sure how to look for investment outside my city. Seattle is super expensive and not a good city for +ve cash flow. Austin is also super hot now but have to find a good deal.

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  • Parul Chauhan
    OP
    Rental Property Investor · TX · Member since 2021 · 3 posts · 3 votes
    5y

    @Rachit Puri

    Hi Rachit. We are OOS as well and this would be our first REI. The market around Austin is definitely very competitive right now but if you are looking for a growth potential, I guess it's better to get in now than wait. Yes, ofcourse the key is to find a good deal and that is what we will work towards as well.. Let's see how that goes. I'll share my experiences as and when I come across something interesting.

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