Too late to invest in Austin SFH & Duplex market in Austin

[Blake West]

I’ve heard arguments on both sides:

-That it’s too late to get in the rental housing market in Austin because the rents aren’t keeping up with property prices.

-Or that there are still a lot of great deals in Austin and it’s growing very quickly.

Thoughts here? My wife and I are looking to invest and have roots in Austin even though we live in Los Angeles...so we have a network in Austin as opposed to Kansas City for example.

Thanks y’all!

[Michael Tyler]

Austin is California in Texas right now. An investor whose gameplan calculates longterm appreciation into the bottom line, and whose rental income supports the overall investment instead of underpinning it, will do fine. 

We rely on cashflowing properties, so we’ve moved on from Austin. Our one remaining property there is doing pretty great for a C+/B- neighborhood. The tenants refuse to leave - in that good way. 

If you have income you’re looking for a good place to park, park it in Austin. What a town. I don’t think there’s a lot of BRRRing to be done anymore without a wholesaler conjuring magic spells from a cauldron.