All Forum Posts by: Celso Rodriguez

Hey Celso - Our HQ is in ATX. The market has definitely gotten more competitive, and it's common to see BRRRR deals over $250K, especially given the high demand/appreciation in the area. However, higher property values mean there's also potential for strong rent growth, which can help balance out the numbers when you refi. I've seen some investors focus on surrounding areas or neighborhoods with more value-add potential, as they can offer better cash flow options.

Curious to know if you're also considering multi-family properties in the area? Those can sometimes offer more favorable numbers for BRRRR in markets like ATX.

Hello,

Yes, I would definitely be interested in multi-family. Although I would like my first investment to be a single family home. I appreciate your response, it has been very helpful.

2 Votes

Austin, Texas

Quote from @Julia Lyrberg:

Investing in Austin's real estate market can be challenging due to high property prices and market saturation. I'd recommend looking at other markets unless you find a really good deal!

Thank you for your feedback, highly appreciated.

1 Vote

Austin, Texas

Hi all,

I just started reading the BRRRR book by Biggerpockets and would be interested in starting in the near future. I've been looking at off market properties in Austin TX and the surrounding areas and have seen that due to the high demand so to speak in this area the prices for a BRRRR property would mostly be around $300K or more, with the exception that I've seen a few properties in the low $200Ks. Considering Austin is not a cheap place for housing, would it be normal to pay over $250K+ for a BRRRR property? Has anyone in Austin been doing this recently? I'd like to hear your thoughts.

Thanks!

1 Vote

Austin, Texas

All Forum Posts by: Celso Rodriguez

Celso Rodriguez has started 1 posts and replied 4 times.

Post: Anyone in Austin, TX?

Post: Anyone in Austin, TX?

Post: Anyone in Austin, TX?

Post: Anyone in Austin, TX?