All Forum Posts by: Andreis Bergeron

Mahmuda - I think you have to consider these labor market scenarios with a short, medium, and long-term lens. In the short-term, it seems to me like lots of companies are moving to Austin, which is in-turn attracting more software engineers. Of course, if salaries stay very high into the medium or long-term, naturally more software engineers will move to Austin, which would lower salaries. 

In any case, the Austin markets (real estate and labor) are very robust, and I don't see that changing in the near future.

Hi Erick, I would recommend writing down a list of criteria with your partners. e.g. population, population growth, capital city, college town, etc. From there, you can create a list of MSAs that meet those criteria. This might help you narrow down your search area. 

Hi Minilik, feel free to share details of the opportunity here! Best of luck on your purchase.

Hi Raluca, are you also interested in buying inside the 610 loop? While these homes will generally be more expensive, it is something to consider. The Montrose, West Univ., TMC, Heights, and River Oaks areas are all very nice.

Ft. Worth is a booming area. Like @Bruce Lynn said, some of the suburbs are worth looking into. Congrats on your decision to invest and don't hesitate to reach out with questions. 

Congrats Joy on the recent purchase!

Hi Tyler, that looks like a great list to start. It really depends on your goals and investment criteria. Markets in Texas like Austin are going to be quite a bit hotter than say, San Antonio. 

Hi Vianey - the market right now is nuts, and many are feeling what you are feeling. It is just tough to find the "right" property. Go into it with the mindset that it might take a while to find the right property.

Hi Joe, there's no reason you couldn't do this, however I think their may be rules on how much you are required to 1031 into the new investment. 

If you can do this through a 1031, and think the market is at its peak, it might make sense to reduce your leverage the way you described. Let us know what you decide!

As they say, the money is made on the buy. I wouldn't consider this quote a "law," but I definitely wouldn't overpay or justify a bad deal.