All Forum Posts by: Manu D.

Is it common to have wastewater drip fields inside the community, behind the lots? This is part of MUD, so wastewater treatment plan is also inside the community.

I tried doing google but couldn't find anything useful, so wondering if having drip fields impact property prices? Also, does these drip fields cause any adverse effect like odor, etc?

Thanks and appreciate your response!

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I'm planning to buy a property where there are wastewater drip fields behind the lot, not immediately behind the lot but after the green belt.

So trying to understand the impact of having drip fields closer to the lot on property prices. Anyone know?

TIA.

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Quote from @Jordan Moorhead:

@Manu D. sounds like a great way to build some tax free wealth! What's your plan after these with the gains?

Buy more RE :-)

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Austin, Texas

Quote from @Campbell Key:

Sounds like a good idea to me! ...Their lender is allowing you to buy two homes both as primary residences?

That’s right. It’s due to special case which I can’t explain here.

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Austin, Texas

Builder is allowing me to move into existing contracted new build for about 7 months before moving to another new one which I can buy now. Both are in same community and will be closed as primary (builder lender confirmed). Price is coming to cheaper than resell comps so I’m betting on the fact that these two houses will have good equity immediately after completion. But the tax rate is high and cash flow would be difficult if I rent the first one. I plan to continue staying in 2nd for 2 years to avoid tax and move into 1st one to complete 2 yrs for that as well. So in 4 years I will have 2 houses for which I don’t have to pay taxes on the gains if I sell. Any feedback on this approach?

1 Vote

Austin, Texas

One more general point I can think of is, as we move more towards digital life (think metaverse, NFTs, etc) in the next coming years/decades, the real estate (which is real land and house) will gain more importance. Thats just a guess btw :-)

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Austin, Texas

Quote from @Ryan Kelly:

@Manu D. one data point most people aren't talking about is the size of the Millenial and Gen Z demographics, which are much larger than Gen X (my group). They are just now reaching prime buying years and are greatly pushing up the demand for housing. I've heard economists state that that can put upward pressure on the housing market for the next 20-25 years. Again, one data point but I can state from the ground level it's definitely a factor here in Austin.

Thats interesting data and I think it's totally possible if I look around me and realize who all are buying. Also, I think these Millenials and Gen Zs have higher salaries, so affordability is no big issue.

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Austin, Texas

Quote from @Bryan Noth:

@Manu D.

While 10% for 10 years would be an amazing ROI, I believe it would be pushing it as @Aaron Gordy said. But I do think we will be around the 10% mark this year as @Jordan Moorhead mentioned.

If we saw that 10% x 10 forecast come to fruition it would almost certainly be due to events we cannot predict. More stimulus packages, international conflicts, new supply shortages, another pandemic, etc. As it stands currently, home value appreciation at that rate for the area would quickly push many buyers out of the realm of home ownership. That would result in median home price in the Austin MSA reaching $523,000 in a year and surpassing the $1M mark within 8 years.

Some factors can be extrapolated out for a longer term prospective, such as the nationwide housing shortage (acutely, Austin is at 12 days of inventory for the MSA on January's housing market report). I would also add the number of companies considering relocating to Texas to take advantage of the Chapter 313 tax incentives. I think this actually has the greatest likelihood of pushing growth as those benefits are set to expire in 2022 and companies contemplating a move to Texas would have to expedite their timelines to qualify for those tax benefits.

Great points @Bryan Noth!

1 Vote

Austin, Texas

Quote from @Neha Sandhir:

To add, for me a Good deal is that 1. Its easy to rent out and 2. the Rent makes up for the monthly installments for the loan and 3. appreciation. All of the 3.Hoping it is achievable in the Austin area.

Cool.. I think 1 & 3 are not a problem in Austin area but 2 would be hard to achieve unless you are ready to make good down payment but I'm not saying it's impossible.

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Austin, Texas

Quote from @Neha Sandhir:

Hi All,

Are there specific areas in Austin, Texas which are preferable in the sense that it is easy to get Rentals plus have a good appreciation?

What area or community in Austin are you'll planning to buy if you dont mind sharing?

Thanks bunches in advance.

Hi Neha,

As I said I'm just getting started and no expert :-)

But based on my knowledge so far, anywhere in Austin metro is good if you can find a deal I think. For me, deal is something which you can get below the comps price. Personally, I'm looking around south.. dripping springs, Buda, Kyle, etc..

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Austin, Texas

All Forum Posts by: Manu D.

Manu D. has started 5 posts and replied 16 times.

Post: Wastewater drip fields inside the community

Post: Impact of waste water drip fields

Post: New builds in Austin TX

Post: New builds in Austin TX

Post: New builds in Austin TX

Post: Austin RE market forecast

Post: Austin RE market forecast

Post: Austin RE market forecast

Post: Austin RE market forecast

Post: Austin RE market forecast