Investing in Manor, TX?

Asked by Crystal Barragan, Port Arthur, TX Mon Jun 1, 2009

Looking to buy a foreclosure or home under $100K around the Austin area for potential cash flow. Is Manor a good location to invest in, considering its short proximity to Austin (and for students, the university)? What other areas would you recommend? I'm frankly surprised to see the great deals around Manor, and wonder if it's a safe investment..

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Tiffany Chan…, Agent, Manor, TX
Thu Oct 27, 2011
He's right those are all great things. Other area you can look at would be Pflugerville, Round Rock and even Buda and Kyle. These areas are also growing and have good rental rates.

Tiffany Chance, Realtor®, GRI, ABR, SRS, SFR, SRES
512-695-0717 call/text
tiffany@tiffanysproperties.com
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Greg Hodge, Agent, Round Rock, TX
Tue Jun 30, 2009
Hi Crystal,

Things you should know about Manor: Manor is in the Austin-Houston Corridor of HWY 290. The toll road 130 expansion is towards Manor and has a dedicated exit for HWY 290. There is a bunch of commercial growth expected for this intersection that will spur further growth. Although it has slowed, builders continue to build. Historically Manor has suffered because the school district has received a bad rap. However they are shaking things up and recently opened a New Tech High School and continue to improve the ratings.

The bottom line, prices are really low, interest rates are at historic lows, and credit score requirements are rising (this equals more renters). If you have good credit and a 20% down payment you will make money with current rents. Send me the neighborhoods where you are looking and I will email you the typical rents for the area. Many neighborhoods are already built out and no longer competing with builders.

We should talk,

Greg
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