New builds are back in play

[Dan Burstain]

It has been about a year since new builds were available to purchase for investors in most of the Austin area.  Now those restrictions have opened back up.  You can grab a new build in the Austin and surrounding area starting in the low $300's.  Don't like the interest rates, many builders are offering heavily discounted interest rates with their lenders.  Unsure about the market's direction, buy a new build that has not been started yet and your small deposit will cover a year and a half of speculation.  That really is the Warren Buffet way as people get scared and pull their money out, that is when he puts his money in to take advantage of those deals being offered now.  Austin is still bringing in 140 people a day along with huge companies like Micron looking to drop $80 billion on a plant just 30-40 minutes southeast of downtown Austin.