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Updated over 3 years ago,
Looking to invest in SFH in North Austin
Hi everyone,
I'm from the San Francisco bay area and just starting out in the real estate investment world. I am looking to invest in a single family home in North Austin (Round rock, Leander, Hutto, Pflugerville area) primarily because of the close proximity to tech. It'll be for rental purposes and my main goal is appreciation ( hopefully with 300-500 monthly cash flow).
Would really appreciate some expert advice
-Is it possible to buy a 1500-2000 sqft single family home in $380-400K. I do see homes listed within my range on Redfin/Zillow, but not sure how is the bidding war ? I am looking at constructions after 1990. Are these considered "older" when renting ?
-Is it easy to find high quality tenants homes in these areas?. The forums I read talk about lack of home inventory in Austin, thus people willing to rent but there seem to quite a bit of homes listed for sale on online marketplace like Redfin
-Also what is the prediction for these areas ? Is further appreciation going to be slow ?
-Can I also get some suggestions/references for real estate agents who can help me find a house? (would be ideal if they also deal with property management )
Thanks in advance !!