Investing in Austin Texas Real Estate
REAL ESTATE INVESTING IN AUSTIN TX – FAQ
Q: What does Crossland Real Estate do as agents for investor buyers?
A: We help financially qualified individuals identify and acquire residential homes.
Q: What does Crossland Real Estate NOT do?
A: We do not help buyers find flips, fixers, foreclosures or creative financing opportunities. We do not sell duplexes, 4-plexes or apartments, just good quality “rent ready” single family homes in good areas.
Q: Do you focus on and recommend certain areas in and around Austin?
A: Yes. We generally help buyers find homes in South, SW, & NW Austin as well as Cedar Park, Leander and West Round Rock. We don’t sell in newer, unestablished outskirts.
Q: Why those particular areas?
A: Because homes in these areas, in our opinion, offer the best combination of location, affordability, appreciation potential, schools and the median value housing stock that attracts quality renters.
Q: What price ranges to you recommend Austin real estate investors stay within?
A: $150K to $250K, in general. Or, roughly, 25% above and below the median Austin home value of $200K.
Q: Do you recommend a certain size and age of home?
A: Yes. We recommend homes that are 3 to 4 bedroom, 2 to 3 bath, 2-garage minimum, between 1,400-2,200 square feet in size, built 1980s and newer.
Q: Do you have other criteria investors should observe?
A: Yes. When possible, it’s best to have a 1-story home that has an additional flex room, such as a 2nd living area, formal dining, 4th bedroom or office. If it is a 2 story home, it’s best to have the master bedroom downstairs. Also, we help you avoid homes with “misfit attributes” or functional obsolescence.
Q: Is real estate investing risky?
A: Yes. Real Estate investing is extremely risky. You might lose money. You should only invest in real estate with extra, left over money that you’re willing to put at risk. This means you should already be maxed out with any employer matched 401Ks, have no debt attached to depreciating assets (such as cars or furniture), and have no outstanding balances on credit cards. In other words, your financial house should be in order with all other investment, retirement and debt check boxes already checked.
Q: How much cash on hand should I have before investing.
A: About $50,000 to $75,000 USD. This will provide funds for a 25% down payment and remaining reserves equal to 6 months rent. If you don’t have that amount of available funds for down payment and reserves, you should reconsider investing in Austin real estate.
Q: Can you give examples of listings you think make good candidate properties for investment?
A: Sure. See below. These are homes in SW Austin at least 3/2/2 in size, built 1980 or newer, between $150K-$250K in price. Not all would make a good investment property, but this is a sample of search results from which selections could be made.
SW Austin Investment Real Estate
THERE IS MUCH MORE TO CONSIDER! THIS IS A BRIEF OVERVIEW TO GET YOU STARTED