All Forum Posts by: Andrew Allen

@Account Closed, awesome! Thanks!

@Jacob Pereira you're absolutely right, I am working on convincing him to sell the houses, and get into multifamily. :)

But that kinda proves my point.  Large portions (if not most) of Austin are not landlord friendly due to the economics that are affecting his houses. Add in rent control and being a landlord would just be dumb.

@Jarrod Weaver, thanks. I didn't know about that. I wouldn't put it past them. When Adler cries on and on about affordability, but doesn't consider the fact that property taxes are the reason grannies can't afford to stay in a house they paid off 20 years ago, I see where this is headed.

@Jacob Pereira @Aaron Gordy I agree with what you're saying. And it makes sense if you're just looking for the appreciation. But the enormous tax rates make the property appreciation harmful to landlords. I know, my father's taxes are going up faster than his rents. Throw in rent control (I know its not coming soon, but its possible), and landlords would be stupid to stick around. You get squeezed by rising taxes and inability to raise rents. I'm talking about SFH, don't know enough about multi-family.

Thanks @VeinTwain H. and @Jason Hirko!

And Killeen (and most military towns) are probably like that. They are dependent on 1 industry. There's no reason for anyone to move to Killeen except to support the military. Fort Hood is safe from BRAC, and its so big a lot of vets retire there, so there is (slow) growth, but I would be very careful investing in other military communities.

@Andre Bederio military tenants are great in that they are less likely to destroy your place and they get a housing allowance every month (that you can easily figure out). They also will stay there for 2-3 years typically. But beyond that is unlikely.

Congrats on the duplex! Do you have a property manager? I never found any good ones in the Fort Hood area. 

Like I said previously, don't expect rents to rise much. ever. Too much building going on around there. As long as you're starting off cash flow positive you should be fine.

Thanks @Iverem Rose!

Hi @Andre Bederio, unless he's talking about opening bases or drastically increasing the size of the force I don't see it having much impact in most military communities. The biggest impacts would be from BRAC (where they're closing bases). BRAC can destroy a small military town overnight.

One thing that would help is if they start talking about less deployments or bringing troops home from overseas. They will need somewhere to live in the U.S., and the first place they'll go is existing bases.