All Forum Posts by: Jerry Wang

This tool is only meant for rookie like me :).

Story: 

I’ve been trying to learn target local markets (e.g., Austin). Some questions I asked myself are,

• What is the recent trend/history of the market?
• How much would the home value appreciate in the past few years?

Without accessing to MLS and paid research data, I did not find answers to these questions easily (let me know if you have a good way :-). I decides to have my web scraper and get the numbers I want.

Tool:

Here is what my scraper output for now. Basically, you can query by zip code or city. Analysis based on median home price (from some public data).

1. By zip code: 'Austin, TX, 78701'
   [2008-04-29] $314900
   [2018-03-30] $418975
   Appreciation by: 33.05% in 10.06 years
   Appreciation rate: 2.87% over 10.06 years
2. By city: 'Austin, TX'
   [2008-04-29] $220500
   [2019-03-30] $356547
   Appreciation by: 61.70% in 11.07 years
   Appreciation rate: 4.43% over 11.07 years

Let me know how you think. And If you think this might help, feel free to PM. I can query up to 10 zip codes or cities for you at a time.

Thanks

Jerry

@Account Closed  Sorry for Jumping in, but I think you suggestions make sense.  Regarding getting the loan approval (pre-approval), do investor usually get from own state or in the target state?

@Mike Dymski How are these underwater properties handled in general? Foreclosed or still keep in investor's hands? 

 I hear from an invest group who is advertising new constructions. I am hesitated as a newbie. Are there general types of properties/rules we'd avoid in this area to avoid "being underwater" next time?

@Will G. Thanks for pointing that out. I thought coast cities like Tampa were good for retirement.  

Is cash-flow the main reason for investigating in FL (Tampa, cape coral, the villages etc)?

Thanks.

Jerry

Hello,

I am looking at properties with cash flow and potential appreciation in FL. 

Looking at Tempa, FL in zillow, 

A number gets my attention. "The percent of Tampa homeowners underwater on their mortgage is 11.4%, which is higher than Tampa Metro at 9.0%." This number seems also high for other cities in FL. 

Given that it has been ~ 8-10 years after the last crash, does this imply  that this city has no good appreciation potential?

Thanks.

Jerry

Thanks Luke and Saberian for your input. That makes sense.  

Regarding the proximity, agreed 20-30mins are not that bad. (If i can relate  35 hwy  here to the 101 in Bay area, CA.)  Is it true that most renters in Round Rock are mid -class professionals (for these big companies)?

Jerry

I am new to REI and looking at Austin surrounding areas. (SFH $200k, rent, buy and hold)

When looking at  Round Rock (some people in BP mentioned this as an option), I have a few questions

a) What are the reasons people choose to invest in Round Rock? It seems to me, there is no large number of tech employers, it is not close to big cities like Austin or Dallas .

b) Is it overbuilt? Zillow  shows 350 news homes vs 333 sale by sales. the num of news homes is so high, which is probably not oftenly found in CA (I am in CA). 

How do you think about investing in this area?

Thanks.

Jerry

Thanks for bringing this up. It is also a question I would like to know answer to.

Jerry