Looking to buy investment property in Austin area

[Raghuram Janakiraman]

Hello everyone ! Me and my wife are looking to buy an investment SFH property within Austin area. We live in Seattle and donot own a primary home yet, but with the kind of growth potential that Austin has, we are evaluating buying a house in Austin as rental investment property, instead of buying a home in Seattle. A few questions regarding this, with the higher tax rates in TX, is it possible to break-even or get a small cash flow with rental investment properties in Austin ? Looking for guidance on the areas/neighborhoods that I should be looking at for investment properties

[Jordan Moorhead]

@Raghuram Janakiraman it's extremely hard to cashflow with SFH in Austin unless you get creative as @Ryan Kelly mentioned. I prefer MFH myself and just set one up as a monthly rental, I'll also be doing the same to the one I recently bought in October. All of my places work as yearly rentals but I like to maximize cashflow on my rentals in Austin while I watch the values go up. It's important to understand what you're buying for. If you're buying to build wealth, Austin is the place to do it. If you want to buy a $100,000 rental and make $100 a month find another market. Remember, nobody ever got rich off $100 a month.