Real Estate Agent · Pflugerville, TX · Member since 2016 · 4 posts · 2 votes
Hi there, I'm a Realtor/Investor in Austin and thinking about branching out to the Waco market. I'm finding tons of inexpensive homes in the zip codes mentioned above, but having trouble finding sold info. Does any one know the the areas, have access to sold prices, or have any insight as to which direction that market may be going? (Would it be better to buy and hold, or is it decent for flips?) Would love to chat!
Real Estate Agent · Waco, TX · Member since 2016 · 4 posts · 4 votes
9y
Hello all!
I'm a Realtor and investor in Waco. We are seeing lots of growth from outside influence currently (tons of national attention due to Fixer Upper). Send me a message if you'd like to discuss the market and options on purchasing properties in the area. @Daphne Quay@Greg H.@Atif F Shahnawaz
Austin, TX · Member since 2016 · 15 posts · 11 votes
9y
Daphne Quay
Hi Daphne! Glad to see more people in the austin area here on BP. I'm a nascent investor myself and always on the lookout for fellow investors in the area to connect with. Let me know if you'd be up for a meeting sometime!
Regarding Waco, I heard the exact same thing from a local GC I was talking to just yesterday. I'd love to learn more about your thoughts on the Waco market.
Best of luck to you!
Atif
The only was to get MLS is from an agent in the area as the Waco area has its own MLS(Waco Association of Realtors). You can join as an MLS only agent but I recall they were on the expensive side and did not make it easy to join
Real Estate Agent · Pflugerville, TX · Member since 2016 · 4 posts · 2 votes
9y
I know! My broker and I looked in to it and it is 1) expensive and 2) a bit exclusive. Was hoping someone could offer an alternative. Would make the process a lot easier if we could look at some comps.
Real Estate Agent · Pflugerville, TX · Member since 2016 · 4 posts · 2 votes
9y
Hey Atif, We went to Waco about 6 weeks ago to look at some options. I had no idea it had gotten so popular until someone mentioned TLC and the Gaines when we came back to Austin.. Huh! Yeah, let's chat. Shoot me an email- should be in my profile
Real Estate Agent · Waco, TX · Member since 2016 · 4 posts · 4 votes
9y
Hello all!
I'm a Realtor and investor in Waco. We are seeing lots of growth from outside influence currently (tons of national attention due to Fixer Upper). Send me a message if you'd like to discuss the market and options on purchasing properties in the area. @Daphne Quay@Greg H.@Atif F Shahnawaz
@Daphne Quay
Greetings, Daphne!
Did you become active in Waco two years ago, and are you still? I just relocated and doing wholesaling.
I’m curious if anyone reached out to you that may be worth networking with.
Many thanks. Have a blessed day.
Kindest Regards,
Jeff Gibbs
Howdy, Nathan! Honestly, my first year (almost) in Waco has been focused on the job I relocated for. Just now getting a chance to consider it. Are you up and running in another market? Or just getting into Wholesaling? Would be interested to know.
Rental Property Investor · Streetman, TX · Member since 2018 · 528 posts · 495 votes
6y
I’d be interested in hearing other people’s impressions of Waco market. We have been researching the Waco market for about a year now. Our focus has been on the Baylor area. We looked closely at two MF properties. Once we looked closely at the numbers they were both negative cash flow at current prices. One had lost money two of the last three years. The things that struck me in the financials were very high property taxes and vacancy rates. Texas has notoriously high taxes but Waco is just crazy. Vacancy rate near campus has to be high. We were looking at properties just yesterday and almost every property had a “for lease“ sign out front. Or free rent. IMO the area near campus is overbuilt for student housing.