Would you recommend buying an investment property in Austin area now

[Rishika Garimella]

I am looking at buying an investment property in the Austin area. It is not cash flow positive at this time due to high interest rates and property taxes. I am basically counting on the values appreciating over the next 2-3 years and possibly refinancing it later. Does this strategy make sense? Should I rather go look for other cash flow positive alternatives at this time? TIA