Abilene info

[Trey Leigh]

Recently the home prices in my area seem to have risen to a point that a good buy and hold property that cash flows is hard to find, most barely make the 1% rule much less the 2% rule. I've been looking in the Abilene, Texas area and the listings there have a much better ratio. There are at least two colleges there and an Air Force base so it seems there would be a demand for rentals. Could anybody tell me if there is, and where the "good" parts of town are. There seem to be a lot of inexpensive houses and condos on the market, why is that? Is Abilene on its way up or down?

Also any recommendations for a good Agent and PM in the area would be much appreciated.

Thanks

[Judy C.]

Hello all,

      I am a real estate broker with Augusta, Realtors in Abilene, Texas as well as a fellow investor.  The market has tightened, but you can still find good deals if you watch the market closely and act quickly as they arise.  I have a strong and experienced property management team and a great sales team.  We manage 650+ rental units & work with many investors and have excellent references.  It is an advantage to our clients that we are able to analyze & advise investment deals from a property management and investor viewpoint.  We are with our clients not just at purchase but for the long run as property managers.  We are committed to making sure the deals work.  For our out of town investors, we can email listings to preview & then help analyze them based on our knowledge of the rental market.  We can also preview and video the walk-through.

     Abilene is a great place to invest with 7 colleges, Dyess Air Force Base, a strong medical community which creates a high demand for rentals.  Sales prices are still reasonable and average occupancy rates are good.  As always, good marketing is crucial to keeping vacancies low.  Texas trails the nation in percentage of homeownership, so there is a higher number of renters overall in Texas than most other states.  Did I mention that Texas is also predicted to double in size by 2050?

     Anyway, hope this helps.  If we can be of assistance, please let me know!