AUSTIN TX - WHERE TO START

[Steven Richards]

Looking to invest in AUSTIN, TX. There are many opportunities there, but everything seems overpriced. Any suggestions on who to look for to get good deals? I am in the long-term game with buy and holds and good ROI and CoC returns.

I would love to make connections and get the ball rolling

[Dan Burstain]

Not sure why anyone can say Austin is overpriced.  Let's examine the data.  I understand from the people that have lived here 30 years and have seen the prices escalate but that is what they do in Austin.  Prices have gone continuously up for 40 years...steadily, in bad times and good.  Falling only 1.9% in housing crisis. Anyone waiting for prices to drop in Austin will probably not invest here.  Austin, the #1 rated city to live in 3 years in a row, the 11th largest city in the nation expected to double in size in 20 years, the city 83 out of 100 economists picked, according to Zillow, as the #1 place to invest in 2020, still has brand new homes 20-25 minutes from downtown for $250,000.  A new study of 483 cities shows Austin to be one of the least effected by the Covid financial impact.  So, in my opinion, Austin is very much not overpriced.  Those $250,000 homes will be $300,000 3 years from now.  Anything closer in will see even greater price growth.  If you want to have a great return on investment, this is the place to invest.  If you are looking to maximize positive cash flow at the expense of return on investment, go to Cleveland.