Austin Texas Investors

[Brynton Lemar]

Hi Bigger Pockets Fam,

My wife and I are from San Diego and looking at Austin Tx for our first investment property. We would love to talk to experienced out of state investors on how they manage their properties in Austin, Tx. Also, understanding property tax in Austin, Tx and which are the best type of properties to look out for in Austin. We love, Tarrytown, Clarksville, Zilker, Rosedale, Allandale, Mueller and also the Domain area. Is it easy to invest in those areas? Any and all advice would be great! Thank y’all!

[Aaron Gordy]

@Brynton Lemar Finding a good property manager is just as important as finding a good property. Finding a good property and hiring a bad property manager can have a negative impact upon not only the cash flow of the property but also the value. There are some property managers that aren't the best at managing fourplexes. They tend to specialize. Some will only do certain areas of the metro. 

Tarrytown, Clarksville, Zilker, Rosedale, Allandale and Mueller are very expensive areas. It will be tough to make cash flow on sfh or duplexes unless one uses a higher than normal cash down payment. There are fourplexes in those submarkets that will be easier to cash flow. If you do str or creative leasing it will be considerably easier to cash flow. These areas are highly desirable and are likely to continue to be in great demand. 

The domain area will be cheaper than those areas mentioned above and easier to cash flow. Its been a good submarket for quite some time. There are pockets to add value as well. 

Property taxes vary by area. This subject is worthy of a long conversation.