investment properties in Austin below 200K?

[Ying Ding]

Hi, I live in CA and is considering investing in Austin. My strategy is to buy and hold and I am focusing on properties under 200K that could give a decent 1% return. However since the housing market has gone up quite a bit. I could not find any properties that fit into my price range. I wonder is it still possible to find such investments in Austin these days. Thanks Ying

[Shara Nickell]

@Ying Ding

cash is king here and it's a flip market right now and a wicked fast close. Look to outlying areas Round Rock, Pflugerville, Leander, Liberty Hill. Strong employer market, rental areas for SFR for families and corp renatals good schools, lower property taxes. Also Southwest Austin possiblely, south there is Kyle, Buda, San Marcos. These are outlying metro area.

Good luck.  :-)