All Forum Posts by: Account Closed

The Wall Street Journal reported today that the Fed is going to start raising rates in mid March. After that they say it’s a possibility that they are going to raise rates every 6 weeks at their meetings. That plus Austin’s booming real estate market, it looks like it’s time to buy!

According to the Wall Street Journal, Texas has roughly 28,000 more jobs now, compared to the start of COVID-19. Along with this there was also an increase of 310,000 people who have moved here sense than. That being said, it's time to buy some properties.

According to KXAN, when Apple made a deal with Williamson county, just north of Austin they made an arrangement to build a new campus in exchange for Williamson county to pay 65% of Apples taxes on the new site. They also won't be able to receive any tax rebates unless they finish the first phase by December 2022. As of right now, it seems Apple is on track to do so. Once the first phase is complete they will be creating 5,000 new jobs, and plan on creating more. It looks like it's time to start looking at properties in north Austin!

@Jordan Moorhead  My experience is more of a personal one.  I moved to Austin a month ago and for my initial application, I was quoted a price for my monthly rent.  A few days later, I get go to pay for my deposit and first month's rent and it was raised $175.  I asked the landlord about it and he said, "oh, sorry I used my new rate going out for the next month for new tenants. Everywhere is increasing so I might as well get on the bandwagon and capitalize on it."  

I was thankful to get in when I did.  

In a recent interview done by NPRs Audrey McGlinchy she spoke with Elisa Regulski, who is a local home renter in Austin. In the interview Elisa says that in order to lock down a lease on a new house she had to sign a lease with an additional $200 a month in rent. Afterwards Audrey says that the average rental rate in Austin is now $1,500, which is up 20% percent since January of 2021. With rent going up at this rate, it’s time to pick up some rental properties!!!

As stated by KSAT, Amazon will be opening a new office in Austin shortly, and hiring another 2,000 people. Tesla will be opening their manufacturing plant soon, and hiring another 20,000 people according to CleanTechnica. And according to the Texas A&M Real Estate Center, the employment growth has increased by 8.6% YOY. In other words, demand is going to keep going up and you better pick up property while you can.

You may look into finding a property on the outskirts of Austin rather in the metro area. Leander, Dripping Springs or Round Rock may be better options.

Hi Brandon.  I think it's a great idea.  I also have a background in web design and when I ran my short term rental, I made a website for my single property. I had a lot of traffic on it and got inquiries directly on my site. That was back in 2017 so I can only assume that having a website for your investing business with direct links to your booking platforms (not sure if you would be using a property management system) to your properties is a great way to go. Can't think of any negatives right now.