Updated about 7 years ago on . Most recent reply
Invest or not invest
Hi All, I just arrived to Austin, TX. I have cashed out several rentals in Chicago, as the numbers did not really work well. In addition, those rentals were with 10 y.fixed, so cashflowed minimally. In any case, I am somewhat ready for a new investement. However, in the prime areas of Austin the cap rate is about 4%. Well, the cap rate is usually give by listing agent which is far from the actual cap rate. I was checking loopnet primarily. All in all, my question is should I invest now or wait for whatever recession. Any hopes that the market will cool down in the near future? Thanks in advance for your replies!
Most Popular Reply
Waiting for a recession could have you waiting for a while as nobody knows when or if it will happen. Nobody says that you have to invest in the prime areas of Austin or in Austin at all. The surrounding cities are much cheaper and you may have better luck there.