Calling Austin, TX Rich people

[k2s]

Austin area lo rental market ela undi - 
Austin, RR, PF, GT, Leander, CP, etc cities lo ? 

[Cosmos]

1700 to 2000 for 2bed 2 bath 

 

[csrcsr]

Cc @perugu_vada uncle

[appaji_pesarattu]

1 hour ago, k2s said:

Austin area lo rental market ela undi - 
Austin, RR, PF, GT, Leander, CP, etc cities lo ? 

recent ga mana Psyco thatha shift ayyadu ga.... oka call cheyi...detail ga cheptadu

[HEROO]

2 hours ago, k2s said:

Austin area lo rental market ela undi - 
Austin, RR, PF, GT, Leander, CP, etc cities lo ? 

Arya uncle basement lo aithe rent 1100$ per month

[psycopk]

Rental market bokka ba… 2500 pedite manchi house vastadi… vedu vesa house tax ki rent ki ekkada match ledu… 

[Peddayana]

I'm not rich ppl anna but what is your ask?

do you want to buy a home for investment ?

Tx to rental market is a difficult one currently, Interest rates and Taxes tho neeku profit emi undadu unless you have paid the home in full

Interest rates low lo teesukunna vallaki still good I would say

rents are also dropping slightly 50-100$ everywhere

good schools is important so rentals go quickly in those places

Single family home ki oka 2200-2500 ki oka 2000+ sq ft homes with decent backyard easy ga vasthyi

Taxes everywhere in Austin is atleast 2% in most cases, so assuming a 500k home, the Taxes itself would be 10k 

Home maintenance oka 2k-3k esuko every year so you lose almost half the rental income to Taxes and Maintenance.

loan unte break even kastham but you can claim depreciation in tax returns and that will save you some money

[perugu_vada]

Not the right time uncle 

lot of apartments were being constructed now

friend investment koni 4-months khaalee unchadu evvaru raaka

[k2s]

On 6/28/2024 at 6:03 PM, psycopk said:

Rental market bokka ba… 2500 pedite manchi house vastadi… vedu vesa house tax ki rent ki ekkada match ledu… 

 

On 6/28/2024 at 6:40 PM, Peddayana said:

I'm not rich ppl anna but what is your ask?

do you want to buy a home for investment ?

Tx to rental market is a difficult one currently, Interest rates and Taxes tho neeku profit emi undadu unless you have paid the home in full

Interest rates low lo teesukunna vallaki still good I would say

rents are also dropping slightly 50-100$ everywhere

good schools is important so rentals go quickly in those places

Single family home ki oka 2200-2500 ki oka 2000+ sq ft homes with decent backyard easy ga vasthyi

Taxes everywhere in Austin is atleast 2% in most cases, so assuming a 500k home, the Taxes itself would be 10k 

Home maintenance oka 2k-3k esuko every year so you lose almost half the rental income to Taxes and Maintenance.

loan unte break even kastham but you can claim depreciation in tax returns and that will save you some money

exploring this option " buy a home for investment ?" 
Qs : 
1) Buy a home and rent it out ? - ex: $500k to $600k ki rent around $2.5k ayina vasthunda ? 12 months lo enni months empty (no rent) undochu 
2) Taxes lo homestead exception (appraisal) ani edo undi ani vinna (10%). 

[Aquaman]

1 minute ago, k2s said:

 

exploring this option " buy a home for investment ?" 
Qs : 
1) Buy a home and rent it out ? - ex: $500k to $600k ki rent around $2.5k ayina vasthunda ? 12 months lo enni months empty (no rent) undochu 
2) Taxes lo homestead exception (appraisal) ani edo undi ani vinna (10%). 

right now inventory  growing... dont buy for investment.. rental rates going down

[psycopk]

12 minutes ago, k2s said:

 

exploring this option " buy a home for investment ?" 
Qs : 
1) Buy a home and rent it out ? - ex: $500k to $600k ki rent around $2.5k ayina vasthunda ? 12 months lo enni months empty (no rent) undochu 
2) Taxes lo homestead exception (appraisal) ani edo undi ani vinna (10%). 

choose wa or ca for rental investment... taxes takuva... growth scope ekuva due to companies..

[k2s]

Just now, psycopk said:

choose wa or ca for rental investment... taxes takuva... growth scope ekuva due to companies..

nuvvu ekkadiki moved ? Travissio or some other community. send me the community info in DM pls

[Peddayana]

6 hours ago, k2s said:

 

exploring this option " buy a home for investment ?" 
Qs : 
1) Buy a home and rent it out ? - ex: $500k to $600k ki rent around $2.5k ayina vasthunda ? 12 months lo enni months empty (no rent) undochu 
2) Taxes lo homestead exception (appraisal) ani edo undi ani vinna (10%). 

1. Yes, 2.5k vastundi, expect 1 month to be vacant atleast (usually can be 2 weeks if you are lucky and the home is in good location)

2. Homestead exemption is only for primary home owners from what I know, claiming it for rental may be illegal so check it

If you hire a property manager (I mean if you are not living in Austin), then expect 50-75% of one month rent for every new tenant/ year , and they take 8-12% or a fixed amount like 150$ or 200$ per month , account for these expenses if you are planning to manage remotely

[Ravi860]

On 6/29/2024 at 8:43 AM, perugu_vada said:

Not the right time uncle 

lot of apartments were being constructed now

friend investment koni 4-months khaalee unchadu evvaru raaka

A LOT of apartments construction going on 

[Pavanonline]

On 6/28/2024 at 5:23 PM, k2s said:

Austin area lo rental market ela undi - 
Austin, RR, PF, GT, Leander, CP, etc cities lo ? 

No breakeven in aus or dallas.