Any recommended zipcodes to invest for positive cashflow in AUSTIN

[Parechay M.]

Hello Everyone,

Where I am standing: I have done short-term rental, house hacking, rent by room(student housing), and long-term rental strategies in the Greater Orlando area. 

My short-term vision: To buy in more cash flow units either in Orlando or Austin area.

Looking forward to recommendations from the experienced: Any recommendation on the positive cashflow long-term rental single family unit/duplexes/fourplexes to invest in the Austin area? What zip codes do you recommend? 

As per research, the Austin market is more focused on equity-based investment rather than cash flow. So I think it is hard to bring in cash flow, may be wrong. Do you recommend just sticking with the Orlando area where I make a 5 -8%  Cap Rate?

Thank you all for your recommendations.

Pare

[Aaron Gordy]

You can cash flow in Austin. Keep in mind that the more down payment that you put down the higher the cash flow. In the primo areas its less likely to cash flow as the prices are very high relative to rents. In the suburbs and exurbs it will be easier. Its definitely a deal by deal basis. Its unlikely that you will get a dart and throw against a map in a zip code and get cash flow. Its really a deal by deal basis.