Originally posted by @Ryan Kelly:
@Anshul G. Welcome to BP and always happy to connect with Austin investors. There are several different areas to consider depending on your more specific goals. Are you open to renovations? Some light remodeling? Do you plan to have a property manager or self manage? Do you want single family or small multi family? Budget?
if you are open to adding some sweat equity (remodeling), several Austin zip codes in the north, east, and south have options for you. If you want something “lower” relative cost and less work, I would focus on Pflugerville, Round Rock, Cedar Park, and evening Leander. There are many factors to consider, so hopefully this gives you a broad overview of options.
Hi Ryan,
Thanks for the response. For my first investment, I don’t want to make it too complicated. So I’ll want something in “ready state”. I’m open to both single and multi-family if the numbers make sense, but I hear multi-family are fewer and far between and extremely competitive. Looking to invest $350-375k. What are some of the zip codes that have seen the greatest appreciation and have potential for future appreciation as well?
