Austin - San Antonio Corridor Opinions

[Del Crockett]

Hi everyone,

I bought my very first REI (buy and hold) multi-unit near Mueller 4 years ago as an OOS investor. I jumped into it wanting a piece of Austin after visiting several times and seeing the obvious attractiveness of the city's life-style. The investment was more of a pure appreciation play, which it has experienced well. Cash flow is not as sexy but positive. Moving forward I am looking at making more purchases in the area (Austin if possible) but am looking for a better balance of cash flow and appreciation and thus am looking at the entire i-35 corridor (Georgetown --> Austin --> Buda --> Kyle --> San Marcos --> New Braunfels --> San Antonio).

What are your thoughts on which cities have the best prospects for balanced growth along the i-35 corridor outside of Austin and why? The Path of progress seems to be pushing towards Georgetowns direction but what about South towards San Marcos (Texas State Univ)? In speaking with pro's on the ground, I have heard an equal arguments for both so let me propose a specific investment thesis:

10 year minimum buy and hold (BRRRR when possible but also pure buy and hold with minimal to no rehab that cash flow decently and appreciate). No flips. Property profile: Single family 3/2 minimums. 2-4 unit multi.

I am a firm believer in the corridor becoming a mega region in the near future as it has a very similar feel/energy (albeit further in distance) of the Bay Area back in the 90's. I'm not suggesting it will get to that level, but has the making of something special and the local government I think is frothing at the mouth to put a hurting on rival state California and the exodus they are experiencing!

[Felix Vara]

I was told twenty years ago by an insider that the I-35 corridor from Austin to San Antonio will grow to a level that both cities would feel as one. This insight was told to us to let us know that, there will be so much work available for anyone choosing to be a tradesman. I chose HVAC and for thirty years i have played in new apartment construction sites here in Austin. All i have seen is non stop growth