Greater Austin area or out of state?

[Drae C.]

I originally wanted to invest in Austin, TX being that I'm from and familiar with the area but I'm beginning to think it will be too competitive for a beginner with little cash ( I plan to save up 45 to 60k in the next 3 years and obtain my first duplex with an fha loan and maybe 20% down on another). So what do you think about surrounding areas like Pflugerville, manor, elgin, bastrop, Buda, San Marcos,  and Kyle Texas? I'm also thinking of reading up on outer state properties but afraid to risk failing because I'm working too hard and don't want to waist 3 years but it's always been my dream to be a landlord. I just want to make my dreams come true but didn't know how lucrative and competitive this field was until I started researching for a plan to make my dreams a reality What do yo think because I do know think there will be anything left I can afford when I'm ready.

[Jeff Clawson]

@Drae C. There will always be market cycles. Austin is at its peak right now. The market will slow down and there will be another buyers market. Patience is key to real estate investing. 

That said, if you are planning to owner occupy one side of a duplex, you are better off doing that then renting an apartment. Especially with these low interest rates. And there are still plenty of opportunities out there. You just have to be ready to make a quick decision and pull the trigger as soon as you see it.