All Forum Posts by: Joanna Cheung

@Joanna Cheung a great PM makes all the difference. I would stay out of PM personally. It has nothing to do with sales and seems to be an awful business. I'm grateful to have great PM's! 

Sorry to hear about your dad.  This is never easy.  Good news is that sales have been pretty good in Dallas and I expect the good times continue this Spring and Summer.

Austin will likely be tough to find the right property where the economics make sense for most investors.  However if you live in Austin and have an idea of which neighborhoods continue to be popular year after year, maybe you just buy and sit on it for a lifetime of income.

I haven't lived in Austin for years, but just like many other big cities, one thing to consider is looking at the smaller towns around Austin that will be forced to grow.  I see growth right now all the way to Temple/Killeen area on the north side, west to Dripping Springs, on the East side to Bastrop and I would even consider all the way to Brenham.   On the South side all the way to San Antonio.  Some of these cities probably still have lower prices and decent rents and will also see growth over the next 10years or more.   There are plenty of people who work remote and want cheaper rent, or want smaller town life, but want to be close to the big city.

Good luck and best wishes.

Make sure you are cash-flowing after taking into account all the expenses and saving for future repairs. 

Cash-Flowing duplexes are hard to come by in a market like Austin.

Hopefully, you have a good relationship with your family so you can rely on them if necessary but you can absolutely manage long distance if you set up the right tools and have the right relationships.