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All Forum Posts by: Brandi T.

Brandi T. has started 3 posts and replied 20 times.

Well, I kind of agree with you.  We moved here from Colorado and I understand what you're saying but that is dependent on where you move from.  I just think people need to understand that the income tax "savings" is offset by the higher property tax and not think they will have alot of extra cash from the income tax savings.  You can see from this graphic that if we had believed that when we moved from CO we would have been disappointed!  

https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494/


Originally posted by @Jordan Moorhead:

@Brandi T. but you aren't looking at the whole picture. Yea property taxes are high but we have one of the lowest overall tax burdens in the country, meaning you'll end up with more money at the end of the year. I'd much rather pay a voluntary tax like property tax than be told I have to pay a huge state income tax.

The lack of state income tax is more than made up by the exorbitant property taxes in Texas - especially Austin.  High income earners benefit the most from no income tax.  

Originally posted by @Tim Hendricks:

Texas is certainly more affordable than California on many fronts. We do not have a state income tax - that savings alone will cover most of the $2/hr differential that you are currently earning. Add in gas prices and other commodities, and you will come out ahead in TX vs. CA with only a ~12% income swing.

As Jordan indicated, $150K will not take you very far in Central Texas. Your only option for something in the Austin metro area at that price point would be a small condo in some less desirable parts of town, often conversions from former apartment complexes. For lots of reasons, I would stay away from that for an investment.

If you can push your budget to $200-$220K, you start having some good options in the 20-30 mi radius suburbs - places like Kyle, Leander or Hutto.

Post: Passive investing question

Brandi T.Posted
  • Investor
  • Posts 24
  • Votes 22

I would love to hear about your favorite "passive" real estate investments - thanks!

Post: Areas/Neighborhoods in Austin MSA

Brandi T.Posted
  • Investor
  • Posts 24
  • Votes 22

somehow posted the same thing a second time...sorry!

Post: Areas/Neighborhoods in Austin MSA

Brandi T.Posted
  • Investor
  • Posts 24
  • Votes 22

@Lexi Teifke I'm curious - what's your $/sf buy price in Hutto?  do you keep those as rentals?

Post: Turnkey in Memphis TN

Brandi T.Posted
  • Investor
  • Posts 24
  • Votes 22
Originally posted by @Michael P.:

Shauna I would look at all excellent turnkey companies, there are not that many, and then find the best match for you. No reason to limit yourself to only Memphis based turnkey operators.

I'm also interested in turnkey companies - Michael, do you mind sharing the other companies you're referring to?

Post: Areas/Neighborhoods in Austin MSA

Brandi T.Posted
  • Investor
  • Posts 24
  • Votes 22

@Lexi Teifke great information!  I'm glad to see that some of the areas that I like are similar to someone that has been in the business for awhile!

Post: Buy and Hold in Austin?

Brandi T.Posted
  • Investor
  • Posts 24
  • Votes 22

@Lexi Teifke thanks for the encouragement!  It's a little intimidating to come into a market like Austin's - we knew Denver like the back of our hand and now we have to start over!  I've started making connections so maybe our paths will cross one day!

Post: Buy and Hold in Austin?

Brandi T.Posted
  • Investor
  • Posts 24
  • Votes 22

I guess I was too vague...lol!  We live in Cedar Park.  We would like to stay under 250k.  Expectations - some cash flow but willing to be patient for the "Apple effect"!  Our experience, in Denver, was a flip property that did really well.  We would take on another flip if the right opportunity presented itself...

Post: Buy and Hold in Austin?

Brandi T.Posted
  • Investor
  • Posts 24
  • Votes 22

We're ready to try and find our first buy/hold property in the Austin area.  Any thoughts on up and coming areas in Austin?