Is it still worth it to buy in Austin, Texas

[Lilach A.]

Is it still worth to buy in Austin Texas or I missed the boat ,

Any tips or recommendations? TIA

[Jacob Pereira]

Nope, just leave the deals to the rest of us.

Kidding, of course. We're still a fairly cheap market. It's really hard to give tips without knowing the specifics of your situation, so I'll just give some generic ones to start:

Figure out what value you can/are willing to add. Real estate investing is a much more active form of investing than stocks, but if you can figure out your personal advantages, it can also be more lucrative.

Be aggressive, persistent, and active. Yes, we have properties that get 20-96 offers (it's real, look it up), but that's generally because the agent undervalued the property when listing. Look at properties that have been on the market for a long time and offer a price that reflects its true value. You and your agent might experience some rejection, but you might also hit a goldmine. As a side note, I had one of my clients bid $445 on a property listed at $520 and it was accepted. Even better, we talked them down another $5k during option.

Be willing to look on the outskirts. There are still properties that are cashflow positive or close to it in the Austin suburbs of Round Rock, Del Valle, Cedar Park, etc.

People told me I missed the boat when I bought my first duplex in 2013-14. I think I can confidently say now that they were wrong. Nobody knows for certain what the future will bring, but I can tell you that for now the Austin fundamentals appear to be strong.

Good luck!