All Forum Posts by: Shuang W.

Hi @Richelle Ouellette, thank you for sharing your successful story on BP. Would you mind talking more about the process of pulling a permit for the shed in backyard? I might be wrong, but do you need to live in the house so that you can rent the shed as Airbnb ? I don’t have any short term rental experience, so I’m really curious:) How much time do you need to spend on the Airbnb business ? 

@Account Closed mentioned, you may want to wait for the new land development code to be proved is possible, and then see if you can add extra sf depending on your lot size and some other factors. (It might be finalized around March next year.) Personally, I would not add a pool since there's a limit to how much a pool can add to your home. The ROI is less than some other improvements, like upgrading the landscape or a kitchen, etc. Also, the insurance may also cost more with a pool. Just my 2 cents :)

@Adrian Fajardo, you are very welcome Adrian. I wish you a success in REI in Austin :)

Merry Christmas and happy new year to you, too!

@Adrian Fajardo, I would recommend W2-RE Investing Austin Meetup. 

@Jacob Pereira, thanks for sharing your opinions! I’m interested in Manor because its closeness to Austin like you said, and relatively lower price. And another reason was that more population will flow into Manor depending on research data. Of course, one of the reason causes the increase of population is because there is still tons of land :) . If I can choose, I probably would still prefer investing inside Austin city. There are several transitioning areas which can bring some good income, but it requires a major rehab. And since I’ve just finished one this year, and I still have another full time job, I’m not planning on doing another’s rehab next year. ( just being laid back lol) 

@Jacob Pereira, I agree with your opinion about Killeen and I’ve seen more and more people talking about investing there, which I probably won’t do or recommend my clients doing it for the reasons you mentioned. And I’m not seeing any possible future appreciation there either. It’s interesting that you mentioned Manor, which is one  of the area I started to look into and think about due to its affordable price compared to Austin. I like it because it’s cheaper than other areas near Austin, but there are a lot of land still, which means the appreciation may not be as good. Would you like to share more of your opinion about Manor?

@Lynn Gadd, when calculating cash flow, did you consider the principal pay down as cost, too? If so, I would keep those properties, especially the one in round rock. I live in Cedar Park, and I can see the Austin area is still growing which means you could have a better chance to get appreciations in the next few years. And round rock is a good place to invest for me since it's easier to find renters either who works close by, or who like the schools there.

I don't know much about other areas, but I have friends works in Portland, Oregon and some others invest in Vancouver, which I've heard is really pricey :) I have heard good things about those two areas, too.

@Gabriel Moreno, may I ask if you’ll need to pay rent when you live in RR? If so, then you might also need to consider that cost. I see your points that cash flow can help you save up money to maybe invest closer to Austin later. However, while you’re building up wealth with cash flow, the house prices may have also gone up near Austin.  House hacking closer to Austin, like RR or Cedar Park could bring cash flow, as well as appreciation if done properly.

May I ask which part in north Austin you’ve got the quad @Junior Soares   ? I live in Austin and has been investing in single family in the past, and would love to broaden my knowledge on multi-family. Thanks! 

Hi @Sam Mao, welcome to the real estate world. Have you looked at Austin area? I would recommend you buying a less maintenance one as the 1st property. Austin’s housing stock has been low for the past years, so the supply/demand has been during the price up. However, you will still be able to find affordable ones.

According to ABoR president, Kevin P. Scanlan, “While it's typical to see a decrease in housing inventory and listings at the end of the summer, the continued year-over-year decrease in supply is proof that Austin's housing stock is critically limited. We’re encouraged by the City Council's stated commitment to creating more housing capacity. Increasing the supply and variety of housing is the only way to ensure a more balanced market.”