Anthony, Both Buyer and Seller in North University, Au...

Where's the best area in town to invest in?

Asked by Anthony, North University, Austin, TX Tue Feb 10, 2009

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I personally think the Pflugerville is currently a great place to invest in real estate property. My rule of thumb is keep it as close to 1% as possible. If it sells for $150,000 I want to be able to rent it for about $1500. With the market doing well it's a little harder to reach my 1% rule so I'm seeing more like $150,000 renting for between $1250-$1500. I also recommend going back to look at value (sale and rental) to see how much the value has been increasing. If you have it narrowed down to two properties, one might increase in value better over time than the other.

When investing it's all about the numbers! I don't really care what the property looks like as long as the sale price and rental price look good on paper.

Hope this helps.

Tiffany Chance, Texas Realtor
512-695-0717 call/text
Tiffany's Properties, An Associate of Private Label Realty
http://www.TiffanysProperties.com
0 votes Thank Flag Link Thu Sep 19, 2013
Hi There Anthony,

There are a number of good parts of Pflugerville to invest in, I would need more information from you before advising a specific neighborhood.

As an investment product are you looking for a quick flip, or a long term hold and lease property? Do you have financing in place, are you looking to do remodel/renovation work and do you have a contractor.

If you would like call or email me and I would be happy to meet with you, discuss your goals and look to formulate a plan of action and determine if we would like to work together.

Jay Warren C21
512.407.3321
0 votes Thank Flag Link Wed Feb 11, 2009
Hi Anthony,
The market conditions in Pflugerville are stable. The average sales price for 2008 was $164,794. In 2007, the average sale price was $164,919, so not much change. It takes about 62 days for seller's to find a buyer for their home, so homes are not sitting on the market for lengthy periods. As far as what area of Plugerville would be the best place for an individual to invest, that depends on many personal factors as well as the marketplace. Some investors are looking for rental properties that cash flow today. Others are less worried about cash flow and more worried about home appreciation potential. Some investors prefer newer properties that do not require much investment in repair and upkeep, while others specifically seek fixer properties. When I am working with an investor on a purchase, I usually ask a lot of questions about what they are seeking to accomplish with their real estate purchase. It is important to me to know how long they intend to hold onto the property and whether they have cash reserves to handle unexpected losses in rental income (tenant who does not pay rent and has to be evicted, etc.) I could into much more detail, but basically, I never recommend an "area" as a great investment without knowing how that area would match up with an investor's unique investment goals and ability to handle investment risk.
Web Reference: http://www.MelindaMagee.com
0 votes Thank Flag Link Tue Feb 10, 2009
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