Home Buying in Austin : Advice

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Mai Haselman, Real Estate Pro in 78703
Mai Haselman answered:
Which neighborhoods are hot to invest in for fix and flips in Austin?
I am working with investors looking to flip/buy in the following zip codes

78702
78723
78725
78744
78748

We are giving map of Austin with zip codes to help you with your sear ... more
0 votes Share Flag Fri Jul 25, 2014 Home Buying in Austin
Carlie Stric…, Real Estate Pro in 78702
Carlie Strickland answered:
In search of fixer upper properties in and around Austin. What are the best up and coming areas for a quick flip?
I would be happy to show you around Austin, so you can find a home you can flip. There are many opportunities here and would be happy to help.
0 votes Share Flag Wed Jul 23, 2014 Home Buying in 78704
Carrie Hiner, Real Estate Pro in Austin, TX
Carrie Hiner answered:
Looking for a good, small home close to University of Texas, (2 bedrooms and basement)
Hi Ed,

The neighborhoods near the University are charming. Most are older and small, so two bedrooms is perfect. Our water tables in Texas are very shallow so basements are not po ... more
0 votes Share Flag Mon Jul 14, 2014 Home Buying in Austin
Vino Alonzo, Real Estate Pro in San Antonio, TX
Vino Alonzo answered:
I would like to get rehab loan approx 90k, credit score 640. What kind of down payment is required?
If you're looking to purchase a property that needs re-hab, you can do a FHA 203k loan. The down payment would be 3.5% of the purchase price. With this type of loan, you can purchase th ... more
0 votes Share Flag Thu Jul 10, 2014 Home Buying in Austin
Aaron Whitney…, Real Estate Pro in Austin, TX
Aaron Whitney, NMLS 1070615 answered:
Stated income or low Doc mortgage in Austin?
We can annuitize your liquid assets to create a monthly income for qualification. Please call or email for further information.

Aaron Whitney|Mortgage Banker|NMLS ID 1070615|Mortga ... more
0 votes Share Flag Tue Jun 24, 2014 Home Buying in Austin
TERRY MCCARL…, Real Estate Pro in Cape Coral, FL
TERRY MCCARLEY answered:
what happens if seller goes M.I.A
Were you working with the sellers agent or were you using your own buyers agent? Your agent should be able to get this addressed for you.
0 votes Share Flag Thu Jun 19, 2014 Home Buying in Austin
Russell Spil…, Real Estate Pro in Austin, TX
Russell Spillers answered:
what is MCC? in regard to condo acquisition
Hi Ray,
I am responding not because I can answer your question but because I am sure I can help you in some way. I have a couple of great lots for condo builds you may be ... more
0 votes Share Flag Sun Jun 15, 2014 Home Buying in Pleasant Valley
Harold Lear, Real Estate Pro in San Diego, CA
Harold Lear answered:
Lease Purchase Does anyone have an attorney they can recommend to do a lease purchase agreement?
We have a lease option program we call it Mortgage Alternative Program... This is how ours works...Minimum fico 500, 50% Debt to Income Ratio, 5% to 10% down, determined by your credit ... more
0 votes Share Flag Thu Jun 12, 2014 Home Buying in 78750
kljhdfhkds, Home Buyer in Austin, TX
kljhdfhkds answered:
We haven't been able to find good public schools at 78754. Will this change with all these new communities or it will get worse? THANKS!
I think if you already have kids, you shouldn't risk it. It usually takes a few years for schools to become good. Consider houses zoned for Graham elementary school instead.
0 votes Share Flag Wed Jun 4, 2014 Home Buying in 78754
Lisa Little, Real Estate Pro in 78620
Lisa Little answered:
We are looking for a bigger house here in Austin (78754). KB homes is starting Retreat at Tech Ridge. Are they building better or we should not buy?
There are a number of great builders in the area and a number of great communities. I would recommend having a Realtor take you through them. These new homes come with warranties and ... more
1 vote Share Flag Wed Jun 4, 2014 Home Buying in Austin
Russell Spil…, Real Estate Pro in Austin, TX
Russell Spillers answered:
Is East Howard Ln area (Harris Ridge Blvd) considered a good investment area?
Hi Ryan,
Having a 20% down payment is good leverage for any purchase. I can think of at least one way in which you can make a better cash on cash return than what you ... more
0 votes Share Flag Fri May 30, 2014 Home Buying in Austin
Russell Spil…, Real Estate Pro in Austin, TX
Russell Spillers answered:
We are thinking to buy a KB home in Parkside at Harris branch.Will this area appreciate in the coming 5 years.?
Hi,
If you are looking for good investment properties you should contact me. I am an investor and come across many good investment deals all of the time. I would be happy t ... more
0 votes Share Flag Fri May 30, 2014 Home Buying in 78754
Art DePaul, Real Estate Pro in 02648
Art DePaul answered:
My realtor is charging me out of pocket.
The amount of success fee or commision has no standing unless a contract was signed or you agreed to an amount or % of the sale. I have seen Listing Brokers offer 1/2% of the selling pr ... more
0 votes Share Flag Sun May 25, 2014 Home Buying in Austin
Vino Alonzo, Real Estate Pro in San Antonio, TX
Vino Alonzo answered:
Buying an apartment in Austin, TX
The tenant moving out would be the ideal situation.

If you're going to obtain financing, and can wait to move in....your only option would be to purchase it as an investment propert ... more
0 votes Share Flag Wed May 21, 2014 Home Buying in Austin
Vino Alonzo, Real Estate Pro in San Antonio, TX
Vino Alonzo answered:
Buying a home at Austin
Hi Christian,

Hopefully the information you have received from these real estate agents has served you well.

I am a lender here in Texas. When that time comes, I would love an opp ... more
0 votes Share Flag Tue May 20, 2014 Home Buying in Austin
Amrit Babu, Real Estate Pro in 78681
Amrit Babu answered:
Mortgage approval using student Fellowships?
Hi Cyntia,
It really depends on your debt ratio as well. Are you able to put down 20/25%? My brokerage firm has a lending company as well. If you are interested, I'd be more than happ ... more
0 votes Share Flag Thu May 15, 2014 Home Buying in Austin
Amrit Babu, Real Estate Pro in 78681
Amrit Babu answered:
Is Arbor place by Highland Homes worth the price?
Hi Chandu,
Edward is right. Arbor place is a great neighborhood. I have some friends who live in that neighborhood and they love it! Quite different from Avery Ranch.

Amrit
0 votes Share Flag Wed May 14, 2014 Home Buying in Austin
Carrie Hiner, Real Estate Pro in Austin, TX
Carrie Hiner answered:
Why are homes in Austin for sale no longer showing up on Trulia?
The Austin Board of Realtors voted to stop syndicating area listings. This gives the broker and listing agent control of their sales. Keller Williams is sends its listing feed online. ... more
0 votes Share Flag Mon May 12, 2014 Home Buying in Austin
Carrie Hiner, Real Estate Pro in Austin, TX
Carrie Hiner answered:
Our lease is up July 25th, is there enough time to BUY a home right now in Austin, or should we stay put with the new rate increase of $1,325/mo.?
Rent in Austin is out of control! Sounds like you've got a good income. Talk to a lender and see if you otherwise qualify. Your timeline is tight, but very possible. Good Luck.
0 votes Share Flag Mon May 12, 2014 Home Buying in Austin
Jordan Gouger, Real Estate Pro in Austin, TX
Jordan Gouger answered:
Trying to decide btw 78745 (N of Stassney) and Windsor Park for decent rental cash flow and potential for appreciation. Which is a better investment?
I think both offer good areas long term for both rentals and appreciation. I've seen the rents in 78745 go for around $1,400 a month and just go up from there.

There are a lot of in ... more
0 votes Share Flag Sun May 4, 2014 Home Buying in Austin
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