Is Austin TX market too competitive?

[Frank Bonzai]

How is anyone even buying in that area with cap rates being so low? And who is buying there?  

It seems that the only people who are buying in ATX are people from cali and NY overpaying for property in ATX

[Victor Steffen]

We routinely buy deals listed on the mls for either at or below asking price (not that asking price means anything, but it's a metric commonly used to gauge market competition). Only cash flow positive properties (I use a Rent By The Room model). Of course, 99% of the properties you see will not work. I can share specific addresses if you'd like to check the mls and confirm. I'm also putting out 20-30 offers per week.. so there's that haha