All Forum Posts by: Vik J.

In all Honesty, he’d have to say that as he’s building a big factory there. Lol 

Hi @Geeta Sharma and welcome to this forum! You shouldn't have a problem, like Brooke mentioned. If anything, you need to be aware that a lot of builders are doing pre-sales/early sales before homes come on MLS. So the key is to find a well connected realtor to help you out.

Where might this plant come up? 

I'm also keeping my eye out on the Austin - San Marcos corridor. Kyle and San Marcos will soon see the action!

And it's ONLY the beginning! Aside, I really hope this means once international travel demand picks up, that there's more international flight connectivity from Austin.

LOL, I came in here to say "it's 1 degrees here in Seattle, stop complaining about 16". Then I had to remind myself, as I have for the last 22 years of living in the USA that you lot speak F and not C! 

Yes, 16F sounds brutally cold! Stay warm, my dear Austinites!

True, and that makes sense. Some homes fill up faster than others - neighbourhood dependent, no doubt!

@Robert Eyers  - I've not had issues filling up my Leander homes in about a week, so I presume you meant RR fills up in days?! ;) 

@Dhaval A Pandya: Welcome to the forum! As most people point out, we're all, especially us OOS investors are stuck between a rock and a hard place. Most new homes aren't being sold to investors in the greater Austin area. And then, I don't know that, as an OOS investor, I want to overbid 25-30% of the base price and waive all appraisal, etc. etc. and compete with 50-60 other applications only to be rejected. Most of all, when I overbid a huge amount on a home that needs some love post purchase, I don't even know if i'll cash flow enough to justify it as an investment. 

I'm not as regular on this forum as I'd like to be, so pls message me if you have any questions.

Thank you all! What are you noticing in terms of DOM? Is that the same, or has that also hopefully shortented (meaning, houses filling up faster)

Stephen - I'm an OOS investor here. Unfortunately, this "getting taken" can happen in any industry anywhere in the world. I totally get what you're saying, but all I do these days is just evaluate a home as an investment - if I feel I'll make dosh off of it, I go for it or I say no. Right now, the core Austin area really does feel like a rip-off. As you said, not just in terms of the price, but also all the drama with overbidding and waiting and praying and ...... etc. etc.

I just ask myself this - can I put this money elsewhere for a bigger gain?