Comal Hays REIA: Build to Rent

[Linda Hastings]

Comal Hays REIA meets this Saturday! Look for our group inside Panera Bread. Come join us for a cup of coffee, danish and engaging conversation with other investors.

The Build-To-Rent trend is heating up across the United States. Whole Single Family Residential neighborhoods dedicated to upscale families who prefer to rent rather than own is the latest development model appearing in suburban Katy, Pflugerville, Denton and beyond.

Subdivision development is a lofty goal for the average landlord. However, developing small residential Multi-Family (2-4 Units) properties is within reach of those willing to locate existing or new lots zoned for duplex, triplex and fourplex development.

There's been a small uptick in the number of 2-4 unit building permits issued in the Austin MSA the last couple of years. Could this trend work for the average landlord / developer / investor aiming to grow a portfolio for the future?

Affordable housing is the current game cities and municipalities care about most. New zoning and re-zoning favor higher density and the landlords who charge reasonable rent for today's workforce. Neighborhoods are prime for this change. Not so long ago (1984 to be exact), 2-4 unit new build permits peaked in the Austin metro (3,429 issued). Could this past trend be set for a revival?

Come join us this Saturday to discuss the "overlooked" 2-4 unit residence. The City of Austin is betting big on its Land Development Code Revision, currently in the appeals court, favoring the redevelopment of thousands of Single Family zoned lots, already approved for this change.

Whether you're a seasoned pro, looking to do your first deal, or a total newbie to the real estate investment game, we hope to see you this Saturday at our July meeting! We ask those who attend to purchase a food and/or beverage item from Panera, to support their business.

We look forward to resuming our presentation schedule this fall. The new San Marcos Public Library is now open to the public. A number of meeting rooms will be available starting in September. We look forward to meeting at the new facilities with speakers and presentations. Hope to see you there!

Special thanks to meetup co-chairs: @Mike Walker and @Chris Koble

Keyword alerts: New Braunfels, San Marcos, Kyle, Buda, Wimberley, Canyon Lake, Seguin, Dripping Springs