Insight on Austin Multi-Family Market (Hyde Park/ Heritage area)

[Natalie Wells]

We currently buy multi-family in the Seattle area and are finishing up a project we will be selling this summer. We are looking to 1031 into ideally a 8-12 unit value-add type property in Austin before the end of the year. We typically buy older buildings that need a face lift and also love properties that we can not only transform but also add bedrooms to the units. Our last trip (and first trip there) we really liked the Hyde Park area and close surrounding areas. We are looking to connect with any commercial brokers and wholesalers that focus on smaller multi-family and also gain any insight from those that might own multi-family in the area or surrounding areas, what you have seen in pricing, rents, goods/ bads of areas, any insight at all. Also recommendations on property management/ contractors, etc we would gladly take too! We have never taking the plunge of an out of state investment but excited to do so and start the journey. THANKS!