A Buy & Hold in Austin, Texas

[Randy Lin]

Dear Investors,

Is this a good deal?

Property: Austin, Texas

Purchase Price: $145,000

Rent: $1300/month

Property Tax: 2.7% a year

HOA: $0

Maintenance: 5%

Property Manager: 8%

25% down, 3.750% interest rate for 15 years

SFR will be completely paid off in 15 years. Right now will be cash flow neutral.

I am a veteran stock market investor, but I am relatively new to real estate. Also, do you recommend any other places I might be able to buy & hold that will give me a better return with exposure to market appreciation?

Thanks,

Randy

[Dan Burstain]

Hi Randy,

Where in Austin is this property (neighborhood name or zip code is enough)?  I just want to make sure you won't have a vacancy problem and what the appreciation for that area looks like.  But it looks pretty good.  Not the 1% many people are looking for but if you can get it in a decent area with some upside appreciation it is well worth it.