Hutto market thoughts ?

Question

I'm not exactly sure what is happening but I believe Hutto is about to experience some serious growth. I personally think Hutto is a market that is one company away from exploding. I see a long term appreciation play here. The city has an announcement tomorrow that I'm excited to hear about. Has any one heard of anything new happening in Hutto ?

Jarrod Weaver · Answer

Appreciation is a bonus, not a business plan.

Maria Vaughan · Answer

The city of Hutto issued a press release Tuesday announcing a press conference to be held Thursday at 6 p.m. at city hall that will announce a new business deal creating a 2.5 million square feet business park.  That will surely boost the local economy.  Also, there is a crawfish festival on Saturday. Wouldn't want to miss that!  ;)

Viola Enfield · Answer

My husband and I lived in Hutto for 8 years.  We sold our home about three years ago.  It has exploded in population growth over recent years.  We loved the community, and we enjoyed our experience of living there.  The utilities are a bit higher than Austin.  The commute to Austin for work has become more difficult.  There are only a couple of main routes in and out of Hutto if you work in Austin.  We had a TX-tag, and we spent anywhere from $40-$180 on toll charges.  The toll road was beginning to become slightly congested at times as well before we left.

Philip Denton · Answer

If you did not know, there is a huge water park and conference center being built across from the Dell Diamond. It is suppose to bring in 700+ jobs to the area over the next few years.

Tyler Wilson · Answer

@Nathan W. Congratulations on the success here in Austin with your current flips. The construction process going from demo to rehab is great, but most of my clients enjoy when it hits the market the most. ($$$) I come across some really great off market rentals here in Austin that fit the 1% rule. A majority of the rentals I find that are hitting this rule is in Round Rock and the Hutto area.

Our firm also comes across about 15 to 20 off market properties ready for fix and flips. How many flips do you complete in a calendar year?

Nathan W. · Answer

@Tyler Wilson No, I'm not new to the Austin Market but I still haven't cracked into rentals. I just finished my first flip and it will hit the market next week. We start flip #2 on Monday. I love the construction process so it's a good fit for me but my ultimate goal is to build up a rental portfolio. It's a hard thing to do in Texas though. The property taxes always seem to wipe out profits. I've gone to the auctions looking for deals but they are over run right now and the deals are just hard to find. That's the business though.

Hutto is a great location. I feel like it's already popped though. I also don't love the train tracks going through the middle of town.

Tyler Wilson · Answer

@Nathan W.  I see some potential in Hutto as well.  Are you new to the Austin market?

Nathan W. · Answer

Very true words.

Nathan W. · Answer

I'm in Cedar Park and I've been looking at Hutto. I still can't seem to make the numbers work on a rental. The taxes in Texas always seems to eat up my profits. If anyone has an example deal they would post and how the numbers work I'd be appreciative. Thanks..

Hutto market thoughts ?

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