All Forum Posts by: Account Closed
Account Closed has started 3 posts and replied 290 times.
Post: Where is the Austin market headed?
- Investor
- Leander, TX
- Posts 296
- Votes 402
I live in Leander.
Cedar Park is maxing out but Leander still has plenty of room to expand as growth and construction continues north toward Liberty Hill.
I pass construction all the time as they continue to build high end homes and luxury apartments, no starter homes, as they are just not financially feasible to developers.
The prices are really changing the demographics to the schools as the younger kids that would be found in new families are decreasing as those families can't afford the homes. The rents are too expensive too $1,500 to $1,700 average. But investors have to go high on the rents to cover the property taxes.
We bought our house in 2008 for $144,900 with property taxes at $3,150 a year. The house is now worth $220,000 with $5,000 property taxes. I owe $49,000.
Everybody is moving north.
Post: Pay off or refinance?
- Investor
- Leander, TX
- Posts 296
- Votes 402
You don't want to lose out on your mortgage interest tax deduction.
Post: Good morning from Northern Texas
- Investor
- Leander, TX
- Posts 296
- Votes 402
Howdy and welcome to Texas and thank you for your service.
Post: Don't know where to invest in Georgia? Help?
- Investor
- Leander, TX
- Posts 296
- Votes 402
Dallas, GA
Post: How do you market rentals?
- Investor
- Leander, TX
- Posts 296
- Votes 402
Property management team does it for me.
Shows up on Zillow, Hot Pads, realtor.com, Trulia, Zumper, rent.com, etc.
Post: Certificate of Occupancy
- Investor
- Leander, TX
- Posts 296
- Votes 402
The only property I have (a 1952 Cape Cod) that requires a CO is in Cleveland, Ohio.
Post: How Much Did you Have in the Bank When You Started?
- Investor
- Leander, TX
- Posts 296
- Votes 402
$100K
Post: What to do with my money while I find a deal...
- Investor
- Leander, TX
- Posts 296
- Votes 402
Don't put it into the market, I made that mistake a few years ago and lost $10,000.
Takes too long to gain it back (then again it's what you invest in) and then boom that great deal comes along.
I would just keep it in a business account.
Post: Best cities in the country for appreciation AND cashflow
- Investor
- Leander, TX
- Posts 296
- Votes 402
Chicago, Illinois has great cash flow.
Post: Getting started in Birmingham, AL
- Investor
- Leander, TX
- Posts 296
- Votes 402
Not from Alabama (except for my ancestry) but we found a great deal on a house with a metal roof in a great area in demand.
Also the house is near Turkey Creek and Jefferson State C.C.
Plus many people want to live in the suburbs.