All Forum Posts by: Breeya Johnson

Amazing, are you looking to invest more in the Texas area?

Hey! That is so exciting. There are so many great mentors and people willing to give advice in the BP community. If you have any specific questions please do not hesitate to reach out. 

Hey! That is super exciting. Where is your site at?

Hey! That is amazing! Welcome. I am here in Austin, TX so if you need any connections or advice I'm down the highway. 

Hey! Welcome! What areas are you looking into? Any markets that have peaked your interest?

Congrats on purchasing your first property in Chattanooga! It’s great that you’re building a network early—it makes all the difference in managing and growing your investments effectively. I am located in Austin, Texas so I do not have any direct contacts however, I have invested in many markets and I wanted to share a few tips that have helped me along the way. 

Here are a few tips that might help:

Finding Referrals: Joining local investor groups on Facebook or checking out real estate meetups in Chattanooga and Huntsville is a good way to get connected with trusted mortgage brokers, general contractors, and handymen in the area.

Reaching Out to REIAs: Local Real Estate Investor Associations (REIAs) often have vendor partnerships and can recommend contractors, framers, and foundation repair experts in your area. Many members are experienced investors who can share contacts and advice.

Using Local Resources: Try resources like Nextdoor or Angi for highly rated contractors and repair services in your specific neighborhoods, as well as Thumbtack for finding vetted handymen and general contractors.

Mentorship: For mentorship, consider connecting with seasoned investors at meetups or REIAs who are open to sharing their expertise. LinkedIn is useful for networking with established investors in the region.

Building a strong local team will set you up for success in your new investment journey. Best of luck, and don’t hesitate to reach out if you need further guidance!

Congratulations on taking this big step toward multi-family investing! Your goal of buying, holding, and potentially refinancing in a few years is a great approach, especially if you're already running numbers and considering market analysis. Here are a few tips that might help as you get started:

Market Analysis: Since you're open to out-of-state investing, look for markets with steady population growth, job diversity, and a balance between rent prices and local wages—those factors often hint at stability and demand. Cleveland and Lubbock are both good options to explore, but also consider areas with strong job sectors, like Indianapolis or parts of the Southeast.

Researching Demographics: Tools like Placer.ai, Costar, and Data USA offer insights on demographics, migration trends, income, and market growth. Zillow Research and Redfin Data Center are also good resources to check property trends.

Finding Deals: LoopNet can be a bit challenging for finding "undiscovered" deals, as most listings there are already on the market. Consider building relationships with local brokers who specialize in multi-family units and may have off-market opportunities. Also, platforms like Crexi and MLS can sometimes yield better results.

Questions to Ask in New Markets: Focus on questions around local vacancy rates, job market stability, average tenant stay duration, and the area’s development plans. Understanding these factors will give you a sense of how well your investment could perform long-term.

I hope these suggestions help, and good luck as you get into multi-family! Feel free to reach out if you’d like to connect with others who have experience in the markets you're interested in.

 Hey @Kevin Brewster!

I can take a shot at this. Having been in Austin for nearly five years, I've seen a significant increase in incentives for developers to build multifamily properties. Recent zoning changes now allow for three dwellings on a single parcel, and parking requirements have been lifted in denser areas, both of which have boosted the local housing supply. While migration to Austin city limits has cooled, the surrounding areas are experiencing remarkable growth and present strong investment opportunities.

In places like Williamson County and Hays County, fast-growing markets such as Cedar Park, Round Rock, Buda, and Kyle rank among the nation’s fastest-growing areas. Although finding cash-flowing properties within Austin city limits can be challenging, the outskirts, where growth is booming, offer excellent prospects for both equity and cash flow. I’d be interested to hear if Ryan would agree.

@Ryan Kelly I completely agree—Austin offers a strong opportunity to build equity, especially in the current market climate. I encourage investors to buy now while prices have cooled. Although it may require a higher initial down payment to achieve immediate cash flow, the growth potential in Austin is unprecedented.

As I am learning more of the market, I would have to agree with you. I have noticed it is hard to find cash flowing properties and prices and expectations do not always align. I like the surrounding areas. Do you service or invest in the Austin MSA?