Anyone here from Seattle that invests in Austin??

Question

Hey all, I’m an investor in the seattle area, and I invest in a couple out of state markets, Austin being one of them. Looking to network with local investors that also invest in Austin. I enjoy talking about real estate, and enjoy networking with like minded people. I realized that a lot of us belong to REIAs in our region, and these days most big REIAs in our area charge a fee to be in  their “inner circle” or other exclusive clubs within the REIA. What happened to just meeting up and networking…? For free…? Because it’s fun to make friends along the way and help each other?

I operate by being an open book. I never shy away from sharing info or contacts. I believe in helping each other reach our goals and be successful. No strings. No sales pitches. Just make investor friends because we love to talk about investing and helping each other.

Please reach out. Would love to connect!

Eddie

Edward C. · Answer

@Jordan Moorhead interesting to hear that. Are these small MFs like duplexes or are they in apartment complexes ?

Bryan Noth · Answer

@Edward C.Northern suburbs seem to be doing well (Cedar Park, Round Rock), but given the amount of growth there coupled with low inventory it makes sense.

Bryan Noth · Answer

@Edward C.

Glad to connect!  I am doing STRs in the suburbs and MTRs inside Austin (greater than 30 days) and it has been working great.

Edward C. · Answer

@Bryan Noth that sounds awesome! That’s what I’ve been hearing as well. Are there certain suburbs that you see do better than the others ?

Ryan Kelly · Answer

@Edward C. I invest and work with investors in Austin. Just a heads up on STR's, you won't be able to operate one in the Austin city limits, and several parts of Travis County, unless you are a primary homeowner. Austin has banned STR's that aren't owner-occupied. If you plan to lease them for 30+ days you can still operate those in the city limits. Otherwise, I'd focus on the hill country and the lakes west of Austin for better STR locations near the Austin area.

Gerard Matthew · Answer

Hey Edward, I'm in the Seattle area as well and looking to invest in DFW and Austin as well. Would love to connect.

Gerard

Jordan Moorhead · Answer

@Edward C. mostly 2-4 units

Jordan Moorhead · Answer

@Edward C. we have a few people (myself included) doing multi STR and it's working well!

Edward C. · Answer

@Ryan Kelly yep, thanks man. I’m looking at the areas immediately surrounding Austin proper. Do you know of any good superhosts that you can recommend? There are quite a bit of them out there; just looking for someone that is vetted is all. Thanks!

Edward C. · Answer

@Jordan Moorhead so far I have some SFRs. Looking to get into STRs this year. I am always interested in small MFs, but opportunities have just taken me the SFR route thus far.

Anyone here from Seattle that invests in Austin??

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