austin number one again for real estate

[Aaron Gordy]

https://www.foxbusiness.com/money/hottest-us-cities-real-estate-money-and-why

Just another news outlet stating the obvious.

[Aaron Gordy]

@Ryan Blake Not necessarily. I am a broker no doubt but I would rather be the investor on the regular basis. I try to buy as much as I can. Heck, yesterday austin board of realtors released their monthly numbers. Citywide appreciation based on year over year for sept 2018-2019 was at 11.2%. That number made my pockets a little bigger. I had a nice bottle of wine celebrating that event last night. Sure you can buy a sfh rental in timbuktu that will cash flow a couple of hundred a month but I would rather have the property that increased by 11.2% any day while  breaking even with cash flow. Rents are increasing a bunch too. In most markets, buying a sfh that cash flows are difficult unless its a depressed market, relatively speaking. There are fourplexes that cash flow on the market and a few duplexes. Some sellers are asking too much but those properties sit on the market for awhile.  In the last few days there was a fourplex that went under contract for $405k that was pulling down rents of 3600$ a month. That one went pending in three days of course because it was a heck of a deal. Good deals happen.