All Forum Posts by: Andrew Hackemack

message me when you get state side

Hey Brian,

Comparison among different sub-markets of the same city is difficult enough. Comparison between cities, even harder. There are so many variances and the old "location, location, location" mantra takes greater effect. After pulling all comps within the downtown area of Florence, I agree that there are very few comps -- especially at your subject property's age; that said, and if your property is located within the bounds of central Florence, I'd say this : after completing the expansion and remodel, you're $110,000 on a good day and $120,000+ on a great day. 

307 West Ave is a fantastic comp (although still pending). I would give the listing agent a call and see what information you can find regarding his/her current executed contract.

Every deal is circumstantial and the above is merely opinion. I think your rehab estimate is spot on, if not a little on the high side. Still, I am no expert on Florence and just thought I'd give my two cents. Hope it helps.

Very much agree with your thoughts, Dan. We as investors will follow the path of least resistance into these micro-markets. I can only hope -- glass half-full -- that those moving into these areas will request houses with modern updates, reflective of their Travis county counter-parts. I'd like to  hear more of your views concerning income-producing properties in places like Cedar Park, Hutto, and Liberty Hill.

Hello to all my fellow BP members and followers! I want to reach out and open a discussion regarding the current market trends of REI in Austin, TX. For those veterans of Central Texas real estate, my question centers on the topic : how to combat both the over-valuation of Austin-area properties and saturation of "weekend warrior" investors who simply overpay for distressed homes.

Obviously, we are working in a market with high-demand -- due to the 100+ new residents we gain on a daily basis -- and short-supply. Keep Austin Weird -- or "Keep Austin Small" as it used to be -- is no longer sustainable. What investment strategies do you use to overcome the risks involved in such a market?

-- e.g. off-market campaigns, short-term rental followed by comprehensive remodel and resale, owner-financing, etc. -- What strategies give you or your offer the edge?

One last question to end on : What do you see on the five-year horizon for the Austin REI market -- i.e. small corrections to pricing trends, large pricing crises, or continued rise in value?

(This is a very open discussion about the "investor's perspective" in and around Austin. Responses need not be singularly related to the proposed questions. Any input or further inquiries will be of value. Thanks in advance for your time!)

 Ebb and flow is extremely important to market trends. We hear so much about the in-flow of new residents, but hardly ever hear about those who choose to leave or are forced to leave -- due to increased population, traffic, prices, rents, taxes, etc. At least, I have no such statistics on hand... 

While infighting and revision continues in the CoA Code and Permitting, I wonder which will come first, new infrastructure to incubate the development of periphery suburbs or the growth of autonomous micro-markets outside the bounds of Austin's current infrastructure?

Hello to all my fellow BP members and followers! I want to reach out and open a discussion regarding the current market trends of REI in Austin, TX. For those veterans of Central Texas real estate, my question centers on the topic : how to combat both the over-valuation of Austin-area properties and saturation of "weekend warrior" investors who simply overpay for distressed homes.

Obviously, we are working in a market with high-demand -- due to the 100+ new residents we gain on a daily basis -- and short-supply. Keep Austin Weird -- or "Keep Austin Small" as it used to be -- is no longer sustainable. What investment strategies do you use to overcome the risks involved in such a market?

 -- e.g. off-market campaigns, short-term rental followed by comprehensive remodel and resale, owner-financing, etc. -- What strategies give you or your offer the edge?

One last question to end on : What do you see on the five-year horizon for the Austin REI market -- i.e. small corrections to pricing trends, large pricing crises, or continued rise in value?

(This is a very open discussion about the "investor's perspective" in and around Austin. Responses need not be singularly related to the proposed questions. Any input or further inquiries will be of value. Thanks in advance for your time!)