All Forum Posts by: Kristina Dobyns

The Triangle Business Journal is the best source for the Raleigh/Triangle area. You’ll have to pay for a subscription, but there may be a free trial. 

Hey Kristina!

Welcome to the community! I'm a relatively new investor myself (just one househack so far) but I'm looking to do at least 2 more deals (at least 1 BRRR) in 2021!

Anyways, I spent the last 4 years living in Boulder and just bought my first property in San Diego, so if you'd like to talk about either of those places, or need any sort of help feel free to reach out!

@Kristina Dobyns 

@Steve K. spelled everything out really well about CO.  Boulder is always competitive but at the moment it is extremely difficult.  The surrounding areas of Boulder are just as great and there are more options as you move towards Denver.  If you want to be nestled close to the foothills there's always Arvada, Golden, Lakewood and Littleton.  That being said, it all depends on how much you would like to spend.  If you want to make Boulder happen, you certainly can.  As Steve pointed out, historically it's been steady in appreciation.

Unfortunately, the area around barton springs won't cash flow unless one does airbnb. The entire zip code has appreciated at 55% for existing houses year over year according to this past Austin Board of Realtors October 2020 report. 55% appreciation rate is not sustainable. 

@Kristina Dobyns Is it that evident?  : )

I think that once you take a bike ride or a run around town lake since you like fitness, check out the entertainment scene (once it comes back), eat at some of the best restaurants in the south, check out all the building going on in the city and then look at housing numbers then you will be sold too. If that  hasn't sold you then go for a dip in Barton Springs during the summer time, check out the views of the hill country from the Oasis deck (my wife's company built that back in the day) and then pay a visit to the Willie Nelson statue downtown. Additionally, every time that you come to the city to check out your forever appreciating property, its a tax write off since you are technically on a business trip. For me, I was sold after a dip in Barton Springs, the bbq, music scene and a duplex purchase in 2000.   

Austin is a great market to be in especially for buy and hold. It's a historically proven market. Look at the numbers. It is also very resilient. Even though parts of the market has recently taken a hit such as the hospitality/entertainment/restaurant industry, the metro has performed remarkably well. It was not so long ago that SXSW put the metro in the spotlight. Now its in the spotlight for other things such as tech. Once Covid 19 problem is solved then SXSW and many of the other musical events will come back strong. And then the city will be humming along again with unemployment numbers that will be the envy of the nation, like always. 

@Kristina Dobyns What you did to research these places was a good start. But I have a suggestion for you! 

Instead of just picking one based on feeling, what if you picked on based on actual data points? 

Things like crime rates, schools, price to rent ratio... all things that affect the rental values?

I am currently in Austin and things are tough here, so I can speak to that if you wanted to discuss further!

Very cool! My sister lives in the Carmel Valley area, so I visit her there when I am in town.

@Kristina Dobyns Welcome! If you want to strive to have the least amount of funds in a multifamily deal it would be great if you can start off with a multifamily house hack, especially in CA whether in Bay Area or San Diego...to be able to purchase a $1M duplex with only $35k down is the best bang for your buck (assuming the property makes sense for you as a long term investment).