Austin, TX · Member since 2016 · 13 posts · 3 votes
I've identified a neighborhood that fits by 'up and coming' requirements. And I've found a duplex that meets my (monthly rents) / (purchase price) requirements. However, the duplex is in one of those blocks (or few blocks) that is very duplex heavy.
I'm wondering what this will mean for appreciation and my ability to raise rents (compared to the broader market / neighborhood) for the years to come. My gut tells me that both will be a little depressed vs. the broader market / neighborhood.
Specialist · San Antonio, TX · Member since 2015 · 909 posts · 297 votes
7y
im a little confused, so the block is just like yours mostly duplexes? that good, austin is fantastic and rents will only continue to go north even as the markets stabilize, if it cashflows do it
Real Estate Broker · Austin, TX · Member since 2012 · 1k+ posts · 1k+ votes
7y
Depends on where its at. If you buy a duplex in the waterloo area in 78704 that is full of duplexes then you are in good shape. The waterloo street is good. Its location location location