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Updated 4 months ago on . Most recent reply

Rene Hosman's profile image
Rene Hosman's profile image
Rene Hosman
  • Rental Property Investor
  • from Denver, CO
  • Member since Jul 30, 2024

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Rene Hosman's profile image
Rene Hosman's profile image
Rene Hosman
  • Rental Property Investor
  • from Denver, CO
  • Member since Jul 30, 2024
Rene Hosman
  • Rental Property Investor
  • Denver, CO
594
Votes |
563
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General Real Estate Investing

Do you think the Austin market is still worth investing in right now?

Rene Hosman
  • Rental Property Investor
  • Denver, CO
ModeratorPosted

The average vacancy rate in Austin is hovering around 15%.

  • Rene Hosman
    • Still a great opportunity
    Not for me
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    Dave Meyer's profile image
    Dave Meyer's profile image
    Dave Meyer
    • Head of Real Estate Investing at BiggerPockets
    • from Seattle, WA
    • Member since Dec 10, 2015

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    Dave Meyer's profile image
    Dave Meyer's profile image
    Dave Meyer
    • Head of Real Estate Investing at BiggerPockets
    • from Seattle, WA
    • Member since Dec 10, 2015
    Dave Meyer
    • Head of Real Estate Investing at BiggerPockets
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    Dave Meyer
    • Head of Real Estate Investing at BiggerPockets
    • Seattle, WA
    Replied

    I flew to Austin a little while back to consider investing and decided against it. Too expensive, too much multifamily supply as @Scott Trench mentioned. Long term fundamentals are great, but personally I'd wait for a few years and see how this multifamily glut plays out before doing anything. Felt the same way about San Antonio FWIW. 

  • Dave Meyer
  • Podcast Guest on Show #186
    • 7 Votes
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