Buda is a great community to invest in. Taxes/living are slightly cheaper than Austin with access to Austin a few different ways. Kyle, TX may provide a slightly better return based on house prices at the moment. I've done rentals, flips and wraps in Buda. I would look for something in the ETJ around Buda for better taxes and unrestricted land. HOA's in my opinion are a pain. There are a few diff communities to buy in off 35 by Cabella's.
I'm not an real estate expert, though I do live in Buda. Taxes are heavy, but my house (in the Sunfield development) is rising in value at a pretty rapid rate. Roughly equal to the 9000/year I’m paying in property taxes.
Buda is a great community to invest in. Taxes/living are slightly cheaper than Austin with access to Austin a few different ways. Kyle, TX may provide a slightly better return based on house prices at the moment. I've done rentals, flips and wraps in Buda. I would look for something in the ETJ around Buda for better taxes and unrestricted land. HOA's in my opinion are a pain. There are a few diff communities to buy in off 35 by Cabella's.
Peter, they have a few duplexes under construction to sell (will be ready in a few months). They sell it for about 365k with 10 yrs warranty. In austin a new duplex will cost you more then 800k
@Idan Zur Buddha is an excellent place for rental possibilities. It's near Texas State University which will be ideal for students that are looking to live off campus. I would look at what is the typical cost students are paying for rental and the area. It's also not too far from Austin, which makes it an excellent possibility for people wanting to live outside city limits.
I have a few clients who love this area for buy and holds. This market hasn't exactly hit the appreciation level that Austin has but is definitely a developing area. My clients love it for cheaper taxes and lower price points that can get you close to the 1% rule. With a thinner supply of homes and competitiveness of the market in the the metro area will surely push growth towards the Out skirts such as Buda, Kyle, and San Marcos.
Hi @Idan Zur - Buda is a popular area that members of our investment pool inquire about often. Kyle and San Marcos are also popular though finding MF deals in those areas isn't easy.
@Idan Zur, Are you speaking of the duplexes at the corner of FM 2001 and Windy Hill Rd? I've seen those because we have a flip on the market in the neighborhood next to it. Buda really is divided East from West. The east side is a very mixed bag and these duplexes are not in the best area. No doubt, the appreciation of this area will be much slower than further West. On the other hand, Buda is pushing this direction. The Sunfield master plan is monstrous.
@Idan Zur, Are you speaking of the duplexes at the corner of FM 2001 and Windy Hill Rd? I've seen those because we have a flip on the market in the neighborhood next to it. Buda really is divided East from West. The east side is a very mixed bag and these duplexes are not in the best area. No doubt, the appreciation of this area will be much slower than further West. On the other hand, Buda is pushing this direction. The Sunfield master plan is monstrous.
It is monstrous. How does that effect values and rental rates in Sunfield?
@Andrew Horner, I think that neighborhood is solid. It's going to be a very nice community with amazing access to Austin and all that Buda has to offer. Obviously lots of building helps keep prices from going up much, but I see prices leveling out in this area for now, but in the long run, I think it's hard to lose there.
Does anybody know a good / reputable tax differed exchange ( 1031 ) company that had in fact good experience with them exchanging a property ?
Thank you so much in advance