Austin Investment Property

[Sonu_Patel]

12 minutes ago, Pencil_Rubber said:

Thanks everyone ... I feel like this is not a good deal to proceed with after our discussions. I will continue looking for other properties. Appreciate all your inputs friends. 

If you are seriously considering to buy, dont listen to suggestions given by people who has limited knowledge on the investment properties. Look for feedback from who already owns real estate and analyze a deal. 

 

 

[Pencil_Rubber]

12 minutes ago, sarvayogi said:

I have seen a CRE for 2.4 million near by place..its way above my limits but 2-3 friends are planning to pool in

Awesome buddy ... good luck with this investment.... I have been hunting for similar kind of deals

[kathilantikurradu]

Check in dripping springs too. No apartments there and inflow is more in that area.

[Comedyking]

4 hours ago, Pencil_Rubber said:

Good Morning Mamalu ... mee help koncham kavali 

Austin Cedar park area lo oka property chusanu which is in Leander SD school zone (Leader High School kinda vastundhi). House is SFH with ~2500 sq ft with 4/2.5 bedroom. This is 23 years old property but has new roof (3 Yrs Old), AC (7 Yrs Old) and decent backyard. I'm negotiating for $370K. This is for investment only 

Emantaru ... Old houses in Austin valla pros and cons cheppara please. 

 

Pros:

- Austin has clay soil. So there will be foundation settlements after 10 years. So we can see the foundation issues if any as this is old property. There are none so observed so far.

- Old neighborhood. Not like new communities with fancy neighborhood which has high HOA's

 

Cons:

- Old Property

- Hard to Rent?

 

Thanks buddies 

 

 

Property tax entha

[sarvayogi]

21 minutes ago, Pencil_Rubber said:

Awesome buddy ... good luck with this investment.... I have been hunting for similar kind of deals

Nice investment but I have to put down like 250-300k so pulling money from here and there...

[Pencil_Rubber]

5 minutes ago, Comedyking said:

Property tax entha

appx 7K buddy as per 2022 records

[Pencil_Rubber]

5 minutes ago, sarvayogi said:

Nice investment but I have to put down like 250-300k so pulling money from here and there...

Awesome ... good luck

[mettastar]

6 minutes ago, sarvayogi said:

Nice investment but I have to put down like 250-300k so pulling money from here and there...

Returns entha vasthayi ?

[AreyOSamba]

4 hours ago, Pencil_Rubber said:

Good Morning Mamalu ... mee help koncham kavali 

Austin Cedar park area lo oka property chusanu which is in Leander SD school zone (Leader High School kinda vastundhi). House is SFH with ~2500 sq ft with 4/2.5 bedroom. This is 23 years old property but has new roof (3 Yrs Old), AC (7 Yrs Old) and decent backyard. I'm negotiating for $370K. This is for investment only 

Emantaru ... Old houses in Austin valla pros and cons cheppara please. 

 

Pros:

- Austin has clay soil. So there will be foundation settlements after 10 years. So we can see the foundation issues if any as this is old property. There are none so observed so far.

- Old neighborhood. Not like new communities with fancy neighborhood which has high HOA's

 

Cons:

- Old Property

- Hard to Rent?

 

Thanks buddies 

 

 

Ceder Park area lo Clay soil em kaadu. It lies on limestone. Foundation shouldn't be an issue to think of..

But 23 year Old is a little too old. It depends on how you see it as investment. If you can rent it and create a positive cash flow, it is fine for now.. But already Old property, by the time you sell it, it will be too old and hard to sell.

[sarvayogi]

2 minutes ago, mettastar said:

Returns entha vasthayi ?

many tenants are already having lease for 10 years..so confirmed 40k in rents...If I split then 20k for me and EMI should be like 8-9k. I will mostly go single by 450k down by pulling equity from current homes....

but huge risk for me as I am on bokkalo H1B 

[mettastar]

3 minutes ago, sarvayogi said:

many tenants are already having lease for 10 years..so confirmed 40k in rents...If I split then 20k for me and EMI should be like 8-9k. I will mostly go single by 450k down by pulling equity from current homes....

but huge risk for me as I am on bokkalo H1B 

Entha sft building bro?

[Ustaad]

we have a rental property in Round Rock. No issues so far. It is 26 yrs old too.

$100 positive cashflow overall.

Only Indians have this mentality to buy only new properties. If it has good school district, no issues whether old or new.

[mettastar]

8 minutes ago, Ustaad said:

we have a rental property in Round Rock. No issues so far. It is 26 yrs old too.

$100 positive cashflow overall.

Only Indians have this mentality to buy only new properties. If it has good school district, no issues whether old or new.

Did you buy it pre pandemic ?

[Ustaad]

10 minutes ago, mettastar said:

Did you buy it pre pandemic ?

during pandemic but yes before the insane price hikes

[mettastar]

5 minutes ago, Ustaad said:

during pandemic but yes before the insane price hikes

Makes sense .. ipudu unna market ki break even ayye laaga ledu