In Austin, looking to invest within a 3 hour drive for Buy / Hold

[Nathan W.]

Howdy Folks,

I'm in Austin and it's been hard to find buy and hold deals here. Maybe it's because I'm a newb, but I just can't seem to make the numbers work on any deals I look at. That's caused me to focus mostly on crowd funding and commercial deals over the past couple of years. I'd like that to change though so I'm looking for some feedback.

My goal is to find some good single family buy and hold properties within a 3 hour drive from my house. That basically opens up San Antonio, Houston, and Dallas as major markets I can focus on. Any feedback on which of those markets is best for buy and hold and which sub markets within those areas are best?

Looking to learn, thanks!

[Maggie Vineyard]

I would highly suggest the east riverside corridor in Austin.  I know of about 10 projects(oracle campus and multiple Class A multifamily & mixed use developments) in that area which are in the permitting stage.  It is going to be a whole different ballgame in a few years.  It's about to undergo the transition East Austin and South Lamar recently went through.  There are a lot of affordable homes that need some work but could be great long term holds.