Austin, Texas market for young investors

Storm Lake, IA · Member since 2017 · 20 posts · 9 votes

Hi everybody! I am searching for a great city that can offer a young guy great potential to get started in multi-fam and apartments investing. I've heard a lot of great stuff about Austin, but it seems that it has already hit its big boom and might be expensive for a beginner. I just wanted to hear everyone's thoughts on Austin for young investors, and if you would have some better cities in mind please share!

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Bruce Petersen

Rental Property Investor · Austin, TX · Member since 2017 · 254 posts · 265 votes

I also live in Austin and I'm able to consistently find deals that provide an 8-10% first year investor return but I'm typically buying 200-300 unit properties.

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Ryan Cox
Investor · Austin, TX · Member since 2015 · 263 posts · 186 votes
8y
@Jalen Henningsen I live in Austin but focus all of my investing efforts in Dallas/Fort Worth for a few reasons
1. Population Growth
2. Job Growth/Job diveristy
3. Corporate Relocations
4. Few geographic barriers to economic development
5. Large institutional capital investments across a variety of sectors (retail, industrial, MF & office.)
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Bruce Petersen
Rental Property Investor · Austin, TX · Member since 2017 · 254 posts · 265 votes
8y
I also live in Austin and I'm able to consistently find deals that provide an 8-10% first year investor return but I'm typically buying 200-300 unit properties.
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Jordan MoorheadBusiness Member
Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
8y
Jalen Henningsen what’s wrong with where you are? Do you just not want to live there anymore?
[email protected]512-888-9122
The Moorhead Team5140 Reviews
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Michael Bishop
United States · Member since 2015 · 401 posts · 394 votes
8y
Unless your game plan is appreciation, there are better markets. As @Jordan Moorhead asked, why not somewhere near home? If it's Texas you like, try looking a bit south in San Antonio.
What exactly you're looking for might help folks provide better insight as well - you say MF. Small? Large? Commercial? How many units are you targeting per property?
There is a lot of new construction competition in and around Austin. BUT, there are deals to be had, as @Bruce Petersen is a testament, you might just be looking at lower grade properties to stay "affordable."
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