Austin and its suburb rental homes
Hi BP family,
I am located in North Texas and am looking into rental properties in Austin and its suburb. I know I may have already missed the party since the pricing of the properties in these areas have been taking off. One interesting thing I have found recently through some rental and sales comps is that the home prices are getting higher and higher however the rents don't seem have the same level of increase. I haven't seen any 1 % rule properties at all.
The areas I am looking at are Buda, Manor, Eglin etc where are relatively close to Tesla factory.
Just wanted to know your thoughts who invests in Austin area - is it still worth to chase the price and waiting for appreciation with a buy and hold strategy or there are still chances to find good rental properties, I just haven't found them yet.
Thank you!!