Austin is a fantastic investment market right now, with strong fundamentals for growth. It's one of the markets my company has researched for some time to determine it's potential.
You want to look for a number of factors that support job growth, which grows the population and drives appreciation and the need for rental property. But, you must have help in determining the best neighborhood as well. A market expert that knows the intricacies at the neighborhood level. You also want to understand commute patterns, proximity to large employers (Austin is home to many top employers) quality of neighborhood, proximity to activities and schools, etc.
I just closed on an investment in Bauerle Ranch, and it appraised higher than the purchase price, and will fetch strong rents.
Here are some facts:
â€œ4th in the Nation ~ Hottest Job Growthâ€ (Business 2.0)
â€œ18th in Top 50 Hottest Citiesâ€ (Expansion Management Magazine)
â€œ# 9 Best Place to Start & Grow a Companyâ€ (Entrepreneur Mag)
# 2 Best Places to Live
# 2 Market for Families to Relocate
13 Austin High Schools Ranked Among Nationâ€™s Top
# 8 Top 25 City Arts Destinations
2nd Largest Music Capital in the U.S.