Tag Archives forreal estate investing

Is Some Austin Real Estate Worth Zero? Yes.

home value

I previewed some real estate listings today that I wouldn’t own for free. These were condos in SE Austin priced in the $30Ks range. I’ve seen these listings online and I know the area, but curiosity finally got the best of me so I went and had a look to see just how bad a […]

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Posted by Steve
7 years ago

Austin Real Estate Market Update – Oct 2009 Stats

October saw a huge 31% increase in the number of sales in Austin over the same month last year. Remember though, Oct 2008 took a 28% dip from the year prior, so while this October did see a good increase in sales volume, due in part to the $8,000 tax credit program, we’re comparing a […]

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Posted by Steve
8 years ago

Investing in Small Commercial vs. Residential Real Estate

One of my commercial tenants skipped out on me earlier this year, so I have my office building on Manchaca Rd. for rent again. I knew it could possibly take 6 to 12 months to find a new tenant, and so far, even after dropping the rent from $1,700 to $1,495, I still don’t have […]

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Posted by Steve
8 years ago

Dear Out of State Investors – We Told You So

Today’s Austin Statesman has an interesting, if not predictable article about California investors being disproportionately represented in Austin area foreclosures. We’ve participated in several sales by California investors (not ones that we sold to though) bailing out, some of which were short sales or pre-foreclosures. As the Austin real estate market rebounded at the end […]

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Posted by Steve
10 years ago