New Investor in N. Austin and surrounding areas
Looking for first property in the N. Austin area for a buy & hold rental. Been doing research and reading/pod casting BP and I am not finding deals that "work". I am watching properties come up and sell and from what I can see from my evaluation is that they are not even break-even. What am I missing? I am all for appreciation and realize that is the current market we are in, but I want something that is cash flow positive. Is everyone paying cash. Are there opportunities to use bank mortgages?
I want to use my current cash to get into 2-3 properties vs. pay cash for a single unit. I would appreciate any guidance to get in. I am ready to get in for the right deal. Am I being too picky as a new investor?
