Purchasing first rental property around north of Austin, TX

[Parul Chauhan]

Hi BP Community,

I'm looking to purchase my first rental property around north of Austin, TX area (Cedar Park, Leander, Round Rock, Pflugerville). I am OOS and new to real estate investment and would appreciate if I could get some guidance in the matter. I understand since the market is hot right now, expecting to be cash-flow positive is unlikely. However, I would like to get recommendations on properties where I can come close to breaking even and that have a potential for great appreciation. Are Georgetown and Liberty Hill also good areas to consider? 

[Victor Steffen]

@Parul Chauhan

Hey Parul, welcome to the fray. I’m staying cash flow positive on each of my purchases in round rock/ Pflugerville areas. Buying under 400k, 4+ beds, 2+ baths, 2000+ sq ft and renting each room for 850-950. More management intensive but it has been working for me and my clients in the north Austin area. Good luck!