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Updated over 2 years ago on . Most recent reply

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John M Cruz
  • Ewa Beach HI
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Buy and hold in Austin area

John M Cruz
  • Ewa Beach HI
Posted

How is the Austin Texas market for a buy and hold strategy? I am looking for a plex to BRRR in the area. I'm zeroing in on North Austin but I'm not sure if it's a good idea. Is it also good for STR?

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V.G Jason
#4 Market Trends & Data Contributor
  • Investor
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V.G Jason
#4 Market Trends & Data Contributor
  • Investor
Replied

You won't BRRR and won't STR in Austin easily. It'll likely appreciate above market, but can you eat the cash flow negative monthly? Property taxes here are atrocious too.

My insurance is getting re-upped and it's exploded, as well.

  • V.G Jason
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