How is the Austin, Tx affecting you and your strategy?

[Parker Reyna]

Over the past few years, we have seen a huge market shift in the Austin, Tx market. From skyrocketing house prices, high-interest rates, and the changes to operating an STR. I am interested to hear your strategies due to all these changes. Are you currently investing in Austin? What type of strategy are you going for while investing in Austin? What is holding you back from investing in Austin? What type of strategy are you seeing as the most successful? I am excited to hear all of your responses.

[Joe Scaparra]

As a pure investor there is a lot more risk within the Austin MSA.  Within the city limits, it is a real challenge to make the numbers work.  House hacking or renting by the room seems the only plausible avenue to try and make the numbers work. 

If you are renting now, I believe you certainly can improve your economic standing but to get cash flow positive using 20% down is like trying to find a needle in a haystack.

Looking on the outskirts of the Austin MSA is really the best option, other than leaving the Austin market for say the Bryan/College Station market.  Cheers.