All Forum Posts by: Luis Saenz

@Austin Berlick

I would say this one is a no go for me. Im sure there will be other tenant options available. Wait for one that is not such a high risk as this one.

Hello all,

I have a seller who owns 14 turn key duplexes in Temple TX. He has recently renovated some and is currently working to renovate more. Some are currently rented at $1495/door. Asking price is $335k/duplex. He would prefer to sell them off in bulk. If you or anyone you know might be interested, let me know!

Hello All,

I have 3 off market duplexes located in Gatesville, TX. I am looking for an investor who is interested in purchasing. They need some rehab, but after rehab is done, I believe they will hit the 1% rule. Please do your own due diligence.

Current rents are $650/unit/month so total of $1300/month

Conservative market rents are $750/unit.

Purchase prices are $94k, $94k, & $95k.

Rehab on each duplex unit is estimated around $40k

ARV is around $170k+

Let me know if you are interested and want more info! The seller is ready to sell these and flexible!

 I'm not 100% sure what the cause is. I do know there is definitely less demand compared to 2021-2022. In 21-22 almost everyone was having to offer over list price to get into a rental, plus we saw huge rent increases in apartments as well. I think prices were just over inflated and are naturally coming down. I don't have any proof of that, but seems to make the most logical sense.

@David Ivy

Very interesting! Thanks for posting this David. Of course government is going to take any opportunity they can to get more taxes, but this will be interesting to continue to monitor.

Do you have any STR's in Leander? I wonder why that market would be a destination for STR's in the first place besides is proximity to Austin. I'd love to hear your or anyone else's thoughts!

@Justin Moy

I have noticed rents declined in Austin TX. I had to renew my leases with lower rents so my tenants would stay. But I have also noticed there is still very strong demand for a rentals here. Especially if they are well kept and updated!

Buda is a great market especially because of its proximity to Austin! There home prices have gone up significantly though. It is also a very small market, so also consider looking a little outside of Buda as well. I'm local in Austin as well, so let me know if there is anything I can do to help!

Thanks Everyone! I really appreciate the feed back! I am currently targeting Bell County myself. But wanted to expand to some other markets as well. Y'all are awesome!

Hello BP Peeps,

I am located in Austin TX and wanted to ask where people are investing right now? Austin is not a great market for cashflow and flips are getting riskier as the prices are starting to come down. I wanted to ask what Austin/Central Texas locals are doing right now? What are some good markets to invest in for buy & holds vs flips? I'd love to hear everyone's feed back!

Hey @Ryan Leake

House hacking is honestly tough in/around Austin TX. Usually you can rent bedrooms that will reduce your cost of living, but not necessarily cover 100% of the mortgage. That being said, there are always deals out there that can work! I think the markets you have mentioned would be great for house hacking. It really all depends on the numbers you are working with and what your goals are. I've been encouraging my clients to look for a home where there is enough space to add a extra bedroom. Also target homes that have been on market for a long time so you can try to get a better deal. You can also look into doing MTR per bedroom as well. You will have to furnish the bedrooms though. I am a local realtor in Austin. If you want to chat more about your goals, maybe I can give you a more solid idea of where to look. You really just have to get creative in and around ATX!