Originally posted by @Danny Webber:
You need to get more specific about what you are looking for. There are not many deals here in Austin and about 10k+ investors looking for them. Without a larger down payment most deals do not make sense. In addition to that most local investment oriented agents have a long list of investors looking for properties that would be way ahead of you to get them.
It is still worth looking but do not expect to see much that makes sense without a large down payment (30-40%) unless you are good with negative cash flow or a break even right now. This is not negative just realistic right now.
hi Danny, your response helped me set up the right expectation, and thank you for your reply!
i am looking for newer homes(assume less maintenance) close to high tech employers, so somewhere close to domain and in between round rock will probably make sense? Budget is less than within 280k, i don't mind putting 30% downpayment if the area is promising and can attract high quality tenants. i am not expecting high cash on cash return, but won't move forward if it is negative cashflow.
Thank you again for your comments.
