Do you think the Austin market is still worth investing in right now?

[Rene Hosman]

The average vacancy rate in Austin, TX is currently hovering around 15%.

[Rick Albert]

I voted no BUT that is a high level answer. You can make anything work in any market.

My concern with Austin is the amount of building that is happening. With new construction, comes more competition. I was looking at 4-plexes in Georgetown and saw that there were apartment buildings nearby recently renovated, pools, gyms, and other amazing amenities. I can't compete with them other than in price. So again, you can make it work, but you really have to look at the numbers carefully and I would argue be more conservative than before.