All Forum Posts by: Account Closed

@Account Closed What's your game plan for investing in Austin? Buy-and-hold, rentals, flips?

I'm going to agree with most comments above. While there are certainly deals to be had, they are few and far between. If you're still trying to get into SFR in Austin, you may want to look at North Austin or East Austin. A large amount of major tech companies have offices in North Austin and there is currently construction going on there to open more offices. East Austin used to be a pretty terrible area but is now being gentrified big-time as Austin is expanding so rapidly. If you'd consider areas surrounding Austin, I would suggest taking a look at Round Rock or San Marcos.

@Dustin Twiggs Great advice! Thank you

@Dustin Twiggs I feel we may be arguing the same thing here. Perhaps my wording was a bit off. In other words, my general thought process goes like this: if the cost to buy is greater than the cost to build, then it is indicated that there is a great demand for properties in the area (seller's market). Essentially the value of a property in the area is greater than the value of the land + materials + labor + time necessary to build a comparable property.

I've read that a good indicator of the current market phase is the price to buy a new property in relation to the price to build a comparable property new. The general idea being that if it costs more to buy an existing property than it does to build, the market is likely very saturated. My question is this: how would one go about finding / estimating the price to build a new property?