I find NO Properties ever for sale in the local MLS on a "Drexler Dr, Austin, TX". Be careful of scams for sure. I googled Drexler Dr, Austin, TX and nothing comes up, Normally at least tax records for properties on this street would come up. Is there even a Drexler Dr in Austin?
It really depends on your investment goals. There is no universal answer. I'd recommend that you spend some time talking with an agent (myself or another) that specializes in working with investors. I'd recommend looking for a firm that offers a turn-key approach, including finding the home, leasing it out, and managing it. Many agents say that they 'specialize' in investment properties, but they also specialize in waterfront, luxury, first-time buyers, etc. Agents that claim they specialize in every type of brokerage always give me a chuckle.
I dislike generalities, but here's what I will suggest, broad strokes, without knowing your investment goals. Look for homes in the $175-$225k price range, in S/SW Austin, NW Austin, or parts of Cedar Park and RR. Those homes will give you a good blend of rentability, positive ROI, and strong appreciation potential.
Don't chase cash flow. The wins in rental property come long-term, from minimizing turn-overs and having high-quality tenants. A brand-new house in Hutto or Buda may look appealing on a spreadsheet, but won't pan out that way.... more
I recommend interviewing a few Local Realtors by phone to determine one that you feel comfortable working with. As a buyer, there is no cost to your for my service. I'd be happy to chat.
West Campus properties are always in high demand from college student renters with steadily increasing rents. However, the entire Austin area is in high demand. I usually rent my investor clients' portfolio out in days with multiple applications.
Personally, I prefer South Austin homes as an investment from a cash flow perspective and appreciation possibilities.
Please feel free to contact me anytime. I would be happy to discuss your investment objectives without obligation.
Happy to hear you're interested in investing in the real estate market!
There are many factors that will affect your cash flow, I'd love to discuss more with you. Give me a call or shoot me an email.
My speciality is in the Austin area but I have many wonderful investment agents in San Antonio.
REALTOR® GRI, CNE
Real Estate Consultant
Ultima Real Estate
512.574.2969 direct | 512.852.4412 fax | 512.22CONDO Office
RESIDENTIAL & COMMERCIAL
Sales | Leasing | Purchasing | Land... more
The best way to go about it is to enlist the services of an agent here in Austin. We have the knowledge of the local market and can help you identify properties that would fit your parameters.
Francie Little, Broker, ABR, CLHMS, CNE, CRS, Green
Million Dollar Guild
Platinum Top 50
Austin Portfolio Real Estate/KW Luxury Homes