All Forum Posts by: Jesse Kim

Welcome to BiggerPockets @Juan Gutierrez!

Welcome to BiggerPockets @Harrison Cook!

Hey @Tanim J B., the buy and hold strategy is contingent upon investing in specific areas (78702, 78704, etc.) rather than the square footage of the property. 

Welcome to BiggerPockets @Stephen McDowell!

@Hassan Oukacha Welcome to BiggerPockets! Do you know what specific areas in Austin you’re looking to invest in (zip codes, regions, etc.)?

Hi @Kate J.! You are on point in the tremendous growth the Austin market has seen in the last 5+ years. Texas real estate in general is booming and the secret is out. Simply put, the 30% property increase in Austin can be attributed to supply and demand. There’s been a crazy influx of investors pouring into our market while the housing supply remained relatively the same. And when supply can’t keep up with demand, prices get driven up.

Austin still has a number of areas to be tapped into in terms of investment properties. The best margins are seen with new construction (for obvious reasons). Also, I would suggest buying and holding properties for appreciation if you can afford to take on that strategy. Don’t hesitate to reach out if you wish to chat about anything in further detail.

Welcome to BiggerPockets @Randi White!

Welcome to the wonderful world of real estate investing @Will Diepholz! I definitely agree with the tips mentioned in previous posts. Regardless of where you decide to invest, I would suggest looking into strong recommendations for general contractors. Quality and honest contractors are considered "unicorns" here in Austin and I suspect the same in other markets. They alone can dictate your rehab budget, holding costs, and can be the difference on a profitable investment.

Don't hesitate to reach out for any additional insight. I'm looking forward to your feedback!

Hey Ryan! I agree with you about tapping into multiple real estate markets. It's a great way to expand your portfolio. The pros and cons of buying single family homes here are relative to your financial circumstances and strategy (i.e. cash flow, appreciation, etc). 

Based on the properties I've come across, multi-family (duplex, quadplex) dwellings provide decent rental returns. But you should be open to doing some renovations since a good amount of our properties are dated. Surrounding cities like Round Rock, Cedar Park, Georgetown, or Kyle yield more turnkey rentals.

As for a good resource to research vacancy rates and areas, the multiple listing service (MLS) is really useful. Everyone has his/her own take on the market so obviously get in touch with as many people (realtors, wholesalers, fellow investors) as you can. Hope this helps!

Welcome to BiggerPockets Nizar!