All Forum Posts by: Bryan Noth

As @Rick Reeder mentioned the 1% rule is not a rule for the Austin MSA, it's a guideline at best. Typical rent to purchase price ratios for the Austin area 0.5% to 0.7%. You can buy cash flow with a larger down payment (and on SFH you potentially could get a lower rate as well). This boosts cash flow but your COC metric drops accordingly. Have you played around with the rental calculator here on BP @Elva S.?  Most buy and hold investments here take a few years to stabilize but years 3-5 the cash flow looks solid in many scenarios.  

Three year tech job growth prediction of 32.4% for Austin.  

Thanks for @Sheryl Sitman!  

Welcome to the BiggerPockets forums @Richard J. Kalnitz!  I love the scope of interest you gave for properties, keep connecting and would love to see an update on your progress down the line.  

Report on Samsung having discussions about adding a $10 Billion dollar chipmaking plant in Austin, TX.

https://www.bloomberg.com/news...

@Nina Hayden I think it depends on your strategy.  As @Ryan Kelly said, prices are moving rapidly and missing out on a potential $50k in appreciation could be a painful regret.  Assuredly, appreciation is not a guarantee, but the current market trends indicate this pattern continuing.  

Article linked below, strong statistical data regarding the Austin MSA's housing growth trends

https://www.bizjournals.com/au...

@Alex Verdugo

It is possible to sell 'personal property' on land that is not affixed, such as a mobile home or trailer.  

But the sale of 'real estate' or 'real property' generally refers to the land and anything permanently attached or affixed to it, unless specifically stated otherwise such as mineral rights.  

Regarding refinancing and lending, local zoning laws and regulations may come into play for correct land utilization with additional units or structures.  

If there is any doubt, consult a local attorney.  

@Tanya Donohoe you can edit only within 15 minutes of posting. Welcome to BiggerPockets!

https://www.bizjournals.com/au…

Thank you for the recommendation @Lucia Rushton!

Would love to connect @Jocelyn Mo and provide additional insight.