All Forum Posts by: Dan Burstain

It is finally back!  Positive cash flow in the Austin area!  30 minutes from downtown Austin, between the fast growing suburbs of Kyle and San Marcos there are new builds being offered at $199K. Only an hour from downtown San Antonio as well. Brand new 3 bedroom, 2.5 bathroom, 1360 square feet homes, for $199,000. Wait, there is more! Rates as low as 5.625% with 25% down. Washer, dryer, and fridge included! 2% towards closing costs and seller paid title.

Rents are around $1800/mo and your PITI plus HOA would be around $1270 (Contact me to work up finances).

Fantastic deal for those looking in the Austin area for positive cash flow.

To sweeten it even more I will throw in 6 months of free property management.

Call, DM, text or email me anytime.

It is finally back.  Positive cash flow in the Austin area.  $200K new builds pulling in $1800/mo.  

30 minutes from downtown Austin and only an hour from downtown San Antonio. Brand new 3 bedroom, 2.5 bathroom, 1360 square feet homes, for $199,000. Wait, there is more! Rates as low as 5.625% with 25% down. Washer, dryer, and fridge included! 2% towards closing costs and seller paid title. Rents are around $1800/mo and your PITI plus HOA would be around $1270 (DM me for work up of projected finances).

Fantastic deal for those looking in the Austin area for positive cash flow.

To sweeten it even more I will throw in 6 months of free property management.

Call, text or email me anytime.

@Sandeep Dhall Creative financing for your primary home is easy.  There are places in the Austin area that take 0% down.  Creative financing on investment properties is a bit more tricky.  Can be done though.  For example, owner financing is always a good place to look to keep your down under 20%.  Of course there are hard money loans as well. 

You can find some breakeven or slight positive cash flow about 30 minutes outside of Austin in places like Lockhart and Jarrell.  New homes for $250K where builders are buying rates down below 5%.

Leander is too pricey now for cash flow.  Nice appreciation in pockets but you won't positive cash flow at 25% or less down.  The areas I am talking about are further out near Jarrell to the north or Lockhart to the south.  Possibly still some in Kyle but getting harder to find.

If we are talking 25% down, you pretty much are looking at new builds further out (35-45 min commute to downtown or Domain).  Builders are buying down the interest rates to 5% making payments work for cash flow.

Buda, Manor, and Cedar Creek have active properties that could work.  All depends on your budget.  

If you are a lake person then Lago Vista.  If not, then Leander is probably the better investment.  All are great if offer the assumable loan, if you have the down payment.  Happy to go into detail about them.