Hello! In response to your question, how much are you wanting to spend? Do you want to flip, lease? House, duplex? In Austin there are so many good options. It all depends on your specifics. Let me know if I can help. I am a realtor in Georgetown.... more
This is a great area to invest in if your window is 3-5 years. People will get tired of the condo's downtown and long for space and a yard. The tollroads will assure growth in that direction for years to come.... more
That's higher end than my Austin investment home. I bought in an area called Bauerly Ranch, but we like Cedar Park and Round Rock as well. For mid-to-high 200's you can get a very high quality home in a master planned community that will attract a very high quality renter.
Depending on your goals, you may want to consider buying multiple rentals - and perhaps in other markets to provide granularity in your portfolio.
There are several great market my company has researched to determine viability for growth/appreciation.
To thoroughly understand a marketâ€™s potential takes time and expertise. There are a number of factors to be considered to determine the future economic viability of a market, including:
â€¢ Population growth â€“ short term and trends
â€¢ An upward trend in job growth
â€¢ The presence of large, sound, industry-diverse corporations (Fortune 500 in particular)
â€¢ Future plans for additional corporate entities
â€¢ Availability of State and Local government jobs
â€¢ The presence of cultural activities â€“ music, art and nightlife
â€¢ Leisure interest and recreational activities, such as golf, hiking and athletics
â€¢ The development of retail outlets and restaurants
â€¢ The quality of local school systems
â€¢ The natural path of growth within the metro
â€¢ Social and political issues that impact supply and demand, i.e. urban growth boundaries
Area 5 (east Austin) was the highest appreciation area in 2006 in Austin and I would not be surprised if we saw the same result this year. I am optimistic with the 5 year outlook for east 6th Street.... more