Georgetown TX Investment Property

[Shreya Mehta]

Hi! I need input on a specific area in Georgetown and if it's worth investing on a property in this area. I am looking to buy an investment property which can appreciate in the long term. Can hold it for upto 5+ years. Positive cash flow isn't the main priority but I also have been looking for SFH that don't have a huge negative cash flow.

Have a property in Crystal Knoll in Georgetown - very close to the municipal airport. Can you please guide if this would be good area to invest in, mainly from a long term perspective?  The property is listed for 375K.

[Bruce Lynn]

Sounds like you're buying in the path of progress so that is good.  Landlord friendly state, so that is good.  Great growth prospects for Austin area, even tho Georgetown may be today a bit out of the main Austin Circle, there is growth all around it.  I expect that continues in one way or another.

Will it appreciate?....Who knows?   That's like asking where interest rates will be in a year?  Where in the world will we have a war?  Will Shanghai reopen?  Will supply chains be fixed?  Where will gas prices be in 1-3-5 years?   Probably not one person on earth predicted negative oil prices a two years ago and $100bbl oil today.  What will Elon buy next?   Will Twitter move HDQ to Austin?

Looks like original builder was economy type tract builder, so i'm wild guessing original sales price was around $100K.  Will it double in another 10 years to $800K?  A lot of us would not believe that.....but we probably never dreamed that house would bring $400K one day either.   Polish the crystal ball.