All Forum Posts by: Caleb L.

I hear TexCen Realty is awesome! They're great because they charge a flat fee of $78 per month for all service management.

There are others that you can explore, but TexCen Realty I hear is pretty good.

Great question @Pete Harper! 

You are absolutely right! Round Rock is an awesome city! Like I said above, I wasn't going to mention all of the cities I thought were great and investment worthy, Round Rock being one of them. The three cities I mentioned were on the top on my list, Round Rock being the fourth on the list, along with a few others. 

There is not much wrong with Round Rock. I see a trend with people that are living in Texas. The migration started from Austin, moved down to Round Rock and Cedar Park. Now, after a few years, people are moving to Hutto, Georgetown, and soon Leander. Cedar Park is not even remotely on my list do to it's inflated prices! The cities I mentioned are the cities that are being invaded my families from Round Rock and Austin. 

Don't get me wrong, Round Rock and Austin are still awesome places for investments! And Round Rock is still very much alive!

Great question @Guy Gimenez! 

I'm currently not doing any flips or rentals. I'm working on wholesaling in Central Texas as my current strategy. Although, I have talked to many investors (rental investors) who have purchased properties in all these areas. They have seen ROI's of 10%, 13% and 16%. I was skeptical of these areas when I first looked into them, turned out that these areas are pretty profitable for rental investors. I have not talked to any flippers in this area. But I've seen a descent amount of run down homes being transformed into beautiful houses near the urban area.

When I have enough to buy my first rental, which I should this year, these three cities are going to be on my top list for areas to invest in. I would feel very comfortable owning a rental in these cities. And other investors who do have rentals in these cities love is, and the ROI!

So the answer to your question on whether my research supports the real returns, the answer is.. YES!

Nice job! Thanks for the data.

Great question @Alvin Sylvain! 

A lot of it is from both city and county websites, because they would be more accurate and give more information and details about the city. I also have used other data websites like Neighborhood Scout, Best Places, Data USA, Trulia.com, Zillow.com, City-Data.com, and many more over a course of many weeks. I have also talked to fellow investors who own rentals in a few of these cities. 

This was an overview of the cities I thought, based on my weeks of research, to be great, healthy cities for rentals. But, you will always have to do your own research, and come up with your own conclusion.

I'm sure there are other great cities in Texas that I haven't mentioned, so make sure you do your own research and find the best city that fits your criteria.

Hi Y'all! 

I thought it would be great to share some data I've collected about some of the best cities to invest in in Central Texas (in my opinion) 

Disclaimer (Sorry, I have to do it): The opinions I share about each city should not be your deciding factor in deciding where you should invest. This is an overview of each city and my opinion on it, which should not be your deciding factor!

Now that that's out of the way, let's do it!

City 1) Georgetown, TX.

a. Growing population. (Always a plus, right!) ;) 

b. Growing jobs.

c. A little on the expensive side. (But still great deals can be found)

d. Lot's of great attractions and charm! (Hiking trails, Georgetown Lake, etc.)

Georgetown is about to experience a HUGE job and population spike! Here's why. Big companies are starting to build big buildings in the city. Companies like, Apple (which is building an over $1 billion dollar campus), Academy, Hertz, Jason's Deli, etc. Which will all increase jobs and population by about 15,000! The median house price is $296,200 today.

City 2) Hutto, TX.

a. Growing population. (Hutto is growing naturally with a strong up trend in population)

b. Great steady job growth!

c. You can get almost the same rent as you could in Georgetown for a lower house price.

d. Great city with lot's of charm and some attractions. Great place to raise a family.

Hutto, Tx is a great little city with lots of charm and growth. People move there for the location and steady jobs, along with the housing prices. The median house price is $220,500 today.

City 3) Leander, TX. 

a. Great population growth. (Leander is pretty close to Georgetown, TX. Which means it will be affected by the new buildings and job growth)

b. Steady job growth.

c. Great place to raise a family! (Property prices are a little lower than Georgetown's.)

d. Will be affected by Georgetown's growth. 

Leander is a great place for families, with steady jobs and a growing population, it's a great place to own a single-family rental! Leander's home prices are pretty good for the most part, with a median house price of $221,100.

Conclusion: These are some of the strongest growing, healthy cities in Central Texas. With great economics and relatively good housing prices.

Remember, these cities may not fit your criteria. These cities seem good in my opinion, but you will have to dig deeper to be sure one of these cities fits your criteria. 

I hope you found this data helpful in your search for rental properties in Central Texas! 

Thanks Y'all!

Investing in hotels is one of my long-long term goals. I'm taking it one strategy at a time, and focusing all my efforts on my current strategy. 

But, here is a super helpful document that should answer most of your questions about what it takes to run a hotel (in terms of the expenses): 

In terms of cash flow, I have never owned a hotel before, so I couldn't say. But, I've read most middle class hotels generate about $200,000-$300,000 per year, and after all the expenses (which are in the article I gave you) the owner might make about $50,000-$75,000 a year. (Although that's just what I've read)

My strategy would be to find hotels that are more run down, in good locations, and fix them up. Hotels are a big step up in the real estate game and involve a lot more moving parts. 

I would say you should ask people in your local real estate group, but not many people own hotels. ;) 

My Dad doesn't really like REI at all, and would not approve of it. But, guess what? I DON'T CARE!

All a person can do is push on in their journey. Your going to get those people who say "Why are you doing this?" "I lost all my money in real estate investing, don't do it!" but don't listen! If they are not supportive, than all you can do is continue your journey of wealth building, and let your life speak for itself! 

Like @Sean Mcevoy said, if you transfer it into an LLC after you purchase it with your own name, they could enforce the due on sale clause. But, that doesn't usually happen. Although investors have experienced this situation before, and have transferred the property, and nothing has happened, there are others who have had the hard tragedy of the bank enforcing the clause after the transfer.

It depends on your level of risk your willing to take. I can tell you that, most likely, 85% of all banks over look the transfer. 

But, when another 2008 comes, the banks will start foreclosing and most likely start using the do on sale clause to take properties, which they can do legally and painfully. After all, if you transfer the property, they have all the right to enforce the clause, which they might when another 2008.

It all depends on your risk level.

This was awesome!