Wanted! Insight & Expertise Austin for Buy to Rent & Hold

[Denice Nagel]

Greetings from Denice Nagel...Happy Monday to All!!

Thanks so much in advance for your time and consideration! I'm making a trip to Austin Jan 30-Feb 2 In hopes of determining whether to invest here. Never been,am hearing/reading varying perspectives...do's and dont's. I'm a ready willing and able buyer very serious about making it happen if it makes sense for the long term. Would love to hear from anyone who has great hands on experience...owns property here...and hopefully has lived in Austin for a while.

I've traveled all over Texas for many years on business but never made it to Austin...It just seems like a really hip cool groovy place to live and work. I know it's a hot market...how long will it continue? Bust or Boom?

Would also like to know where great people in Austin look for rentals...is it Craigslist? Other sites? MLS?

Lastly...any Investment groups going on while I'm in town?

Perhaps a tall order and would greatly appreciate you reaching out...Thanks much again!

It's a great day in Real Estate! Cheers Denice!

[Mike Walker]

Denice,

I worked on a nearby rehab in the 78721 zip last year. There's a fair amount of acquisition and fixing for both flips & holds near the 02 zip that you might want to check out. The 02 is highly competitive. You can find properties, if you connect with a wholesaler who farms that area. It's in high demand. Everyone knows it, since the city has invested in both river front improvements and it's the closest east side zip to downtown hipster activity (6th Street, etc).

Frankly, the whole east side is in transition from what was highly ethnic/lower income in years past to a vibrant, "hot" address for techies, DINKs, singles and those urbanites who want to be near the arts, jobs and "scene" that Austin is famous for. There's money to be made east. That's for sure! You may find your dollars stretch the further east or north you go from the 02.

My focus is on the south side down to San Marcos (the most southern 50,000+ college town end of the MSA). I can give you more detail/info about that area.

Sorry you can't make the Big Daddies Meetup this week. I can meet Friday morning. Perhaps, other BP members could as well, if you'd like. Let me know and I'll try to get something organized.