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13 June 2024 | 0 replies
Inventory is now very substantially above the extreme lows seen in recent years, when inventory in the Austin area fell below 1 month (very extreme imbalance between demand and supply) for a sustained period.Here are the full stats for Austin and the greater metro:Here’s a chart showing the median sales price of a single family home in the City of Austin over the past two years:The median price for a single-family home in May 2024 was down roughly 10% from May 2022, which was the most recent pricing peak in the Austin market.For some context, here’s a chart of the median sales price of a single-family home in Austin over the past 10 years:As you can see, pricing Austin is still substantially above pre-pandemic levels.
13 June 2024 | 2 replies
How much vacancy and supply is in the area?
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12 June 2024 | 11 replies
Per my request they sent me a YouTube video (see above) where it’s placing a bracket to hold the filter and disconnecting the cold water faucet hose from the shutoff valve, then installing a water supply line adapter to the cold water faucet hose.
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12 June 2024 | 2 replies
In regards to demand demographics, yeah I think you'd be targeting a different group, and supply/demand has to be looked at closer.
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12 June 2024 | 2 replies
Also, Ive bought office supplies, went out to eat with contractors, and more, should I be using a business credit card?
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11 June 2024 | 5 replies
I believe my experience in the market can be valuable for both buyers and sellers, but I'm also eager to learn more about building a strong real estate investment portfolio.I'm particularly interested in BRRRR strategy, short-term rentals, and multifamily investing.While I sleep, eat, and breathe real estate most of the time, I also enjoy sports (go Vols!)
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12 June 2024 | 8 replies
Have that agent you are working with supply the inspector and/or the contractor too.
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12 June 2024 | 1 reply
Rehabbed most of the stuff myself except for supply lines in the plumbing.
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11 June 2024 | 4 replies
Multifamily is a team sport, and partners and team members will help you scaleHope that helpsGino
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12 June 2024 | 2 replies
So sometimes I have clients who recorded a deed on their own (they got a template from an office supply store and sent to the county to record), but that can be a problem since the title companies are very wary of fraud.