All Forum Posts by: David Thompson

Li,

I think Dan is spot on. I have SFRs in Austin (Cedar Park and Round Rock )and multi-family in NE San Antonio. These Austin suburbs have solid family neighborhoods, good schools, growing tech base (jobs) and close enough to get to Austin fun spots. I worked for Dell for 18yrs and can support Dan's comments on Apple, Samsung and growth here and more coming. Inventory is at 3mos (healthy mkt 6mos). You see a good solid overall ROI with decent cash flow, debt paydown and appreciation.

For your criteria however (primarily cash flow), I would look at markets like San Antonio and look at multi-family housing (duplexes, fourplexes).  I believe you can meet your cash flow objectives, be in growing markets (rental and some appreciation) w/some legs here.  San Antonio job growth / wages are a bit different than Austin...think data centers, call centers and distribution centers (Amazon putting in a big facility there).  I like NE San Antonio...1hr drive from Austin but this whole I-35 corridor is exploding w/growth.  These jobs are mid-range (not high tech) but solid and good for rentals and multiplexes I believe.  I"m seeing rents for multis are up 4% and appreciation up 4% in last 6 months in SA.  

David

Wilmar,

If you are looking for solid markets and turnkey solutions, connecting to trusted partners can work.  I know a turnkey partner I've used in the past and like his program.  He's ethical and has some great multifamily product if that is something of interest let me know and I'm happy to share his name with you to understand his program and he can share his views of the markets here.  

Tim,

I understand on the north and west sides there are a lot of distribution and data center companies continuing to move to San Antonio for the low cost living and quality of life issues.  That story seems like it has legs.  Amazon is a big name moving there as an example.  The jobs / wages are mid-market and hence believe the focus for young families will be a plus for housing, especially folks looking for renting of at multi-family (duplex, fourplexes), etc. that are more affordable entry points.

Hi Nico,

I hope you read Ali Boone's article in the 11/8/15 BP newsletter about 4 strategies for getting started.  I think a lot of folks start out overwhelmed by all the information but at some point, finding a strategy that resonates with you and then just start seems like the next thing for you.  I am in Austin as well.  I started in 2012 after being prodded by a local real estate friend and investor.  She had all these homes she was renting out and I was like, I just got to start w/her and buy a single family home.  I started there, then 3 years later, after I felt comfortable, now I'm ready to try another strategy.  Sounds like you are reading a lot and that's great, but agree with Andrew, do you have some strategy and specific next steps to start realizing it ?  Here to help and give you some contacts if needed.

I've been a reader of BP for over a year now and decided to upgrade to Pro after listening to Brandon's webinar last night on the BRRRR strategy. Wanted to introduce myself briefly. I live in Austin, TX and have been investing in SFR properties here since 2012. I recently have started investing in fourplexes in the growing north San Antonio market. I'm interested in continuing my education including fix n flips in Austin in the near future. I've learned a ton from the BP community and appreciate those who've shared their insights. I'll start posting as I continue to learn and share my experiences.