Is Austin worth the hype of investing?

[Jiji John]

I am an Investor in Houston and i get 1% rent here with decent tenants. When i look at Austin Market i don't see that. I don't want to invest solely dependent on an anticipated appreciation when my cash flow is hurt.While i was analyzing Roudrock area i found that a 280k property cannot bring in more than 2k rent even if you do BRRRR its not getting me there. I still have problems like long distance management etc.

Am i wrong in my calculation and analysis or is that the normal in Austin ?

Thank you 

J.John

[Dan Burstain]

There are places with under an hour commute to downtown Austin that hit the 1% rule. 30-45 minutes to Tesla or Apple locations. But yes, Austin is a top ROI city, not cash flow. People treat appreciation as icing on the cake and in a large number of cities that should be the way it is treated. Austin has had 40 years of continuous appreciation pretty much with its biggest drop in price at 2.9%. It does this by having a large government and university job base to support any downturn. We have had dot.com bust, oil bust, housing crisis, and continue to climb.