[Austin] Finding Buy & Hodl Single Family

[Martin Alonso]

Hi all,

New to this forum and to RE investing. I am interested in investing in Austin. Having a hard time finding a Single Family home in areas relatively close to downtown(East Austin, South Congress, etc). I am planning on living at the home and potentially rent a couple of the rooms that I'm not using. I don't care about cash flow, mainly about appreciation over the very long term, and finding a relatively urban place with businesses close by.

I browse listings in Zillow, Redfin, etc frequently but the inventory is so low that it feels impossible to find a home. What are some of the less conventional techniques to source deals in very hot markets like Austin? Not sure if this will help in any way but my strengths are in quantitative analysis. I am a developer and also have a successful side hustle in algorithmic trading(bot that trades stocks for me).

Thanks, any help is appreciated.

Martin

[Michael Jones]

I'm in Georgetown. Your best bet is hiring a local Realtor to help you. The market is simply too hot for you to move quickly enough on your own.

if you've got the risk appetite, you might look at East Austin in the areas that are developing and buy a home you can fix and then stay in. That will allow you to keep some equity on the bone. Otherwise, you're enriching someone else and your equity upside may be quite limited. 

Reach out to Diego Corso. Tell him I sent you.