All Forum Posts by: Reid Sullivan

A great resource I have used here in Austin is a Facebook Group called Investor Underground. There are lots of questions asked about specific markets as well as available off market investment opportunities and case studies.

@Jay Shah was referring to percentage of rent to your property price. A lot of rental investors shoot for the monthly lease to equal 1% of their property price. This is unrealistic in the Austin area, however appreciation in Austin is higher than the places that the 1% rule apply to. 

"Break Bread with Local Investors" is hosted at the Brass Tap in the Domain every Thursday at 11:30am. It seems to be a great environment to meet people in the industry and hear about different deal opportunities. 

If your goal is appreciation and some cash flow your focus should be on the Round Rock, Georgetown, Leander area. As Apple builds its new campus and Dell continues to expand that "tech belt" is prime for rental properties. Don't expect to hit the 1% in that area, plan for a 0.8-0.9%. 

We talk about Off Market vs. MLS properties all the time. There is a draw to the idea of off market properties, but are we neglecting opportunities all over the market? Any real life examples of some amazing MLS flips?

Any rental here in the Austin area that legitimately fits the 1% rule is a win.