All Forum Posts by: Pretty Khare

I am new to Texas and looking to start my real estate investing journey. I have read some books and have been hanging out here to get educated. As the markets have run-up in the last few years and because of high property taxes in Tx, I have not been able to come across any deals that would cash flow. Also I am looking for multi-family homes, which seem to be difficult to come by here. I am W2 professional with decent savings for a down payment and high loan eligibility, but don’t want to buy a non cashflowing property at an all-time high.

Are there any areas in Tx that I should research more where I can still get positive cash flow on multi-family homes or should I look out of state?

Appreciate any advice for starting my REI journey!

I think it is a fair argument that:

1. Real estate markets are cyclical 

2. when the market crashes, areas with highest price increase may go down the most 

However the biggest question is WHEN will the crash happen? Based on the amount of money printed in the last 12 months, I don’t think that a crash will happen soon. As the rates start to go up in the next 2-3 years we won’t see the type of appreciation we have seen in the last few years. 

So every investor looking to buy in Austin should think whether they want to buy when the market has already gone up so much and risk losing their capital or they want to stay on the sideline waiting for a crash knowing fully well that it may not happen in the next 3 -5 years and lose appreciation potential.