Austin Investment Property

[Manishican]

Isn't buying retail reits better option? 

[Captain_nd_Coke]

21 minutes ago, mettastar said:

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

Ee rojullo cre kuda doubt ee not sure how/what our future will look like...

[beerboy17]

yeah i would say this is not the moment to make the investment as we will yet to get the clear picture on the recession is my feeling ...one year from now will have the clear idea 

[Manishican]

Retail reits might be a better option.

No property management issues.

Dividend every month.

Capital appreciation over time.

Sell any time.

[sarvayogi]

54 minutes ago, Manishican said:

Retail reits might be a better option.

No property management issues.

Dividend every month.

Capital appreciation over time.

Sell any time.

any suggestions . I know fundrise

[stonks_pro]

10 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 

 

 

Multi family homes chudu bro if it’s in your budget

Idi offer pette lope pending ki poyindi

[Ravi860]

There are tons of inventory and prices still going down in Austin. Investment properties chustunnaru e interest rates ki🙏🏻  Leander ISD is big… there are spots that have very bad rating beware. Even RoundRock lo kuda 

Property tax appraisals are through the roof.. county still appraising at peak prices even with prices down. 😂 also there is no homestead or cap on exemption for investment properties means they can appraise for any price. One big reason why so much inventory as everyone want to get rid of investment properties ani cheppamanna @perugu_vada uncle

[gudboy]

Just now, Ravi860 said:

There is tons of inventory and prices still going down in Austin. Investment properties chustunnaru e interest rates ki🙏🏻 

people are bringing cash from india and investing here...i dont understand where this economy is going but sure shot some disaster is waiting to happen

[Pencil_Rubber]

37 minutes ago, stonks_pro said:

Multi family homes chudu bro if it’s in your budget

Idi offer pette lope pending ki poyindi

MultiFamily kuda chustunanu mama ... antha ekkuva emi kanipinchaledu

[Pencil_Rubber]

28 minutes ago, Ravi860 said:

One big reason why so much inventory as everyone want to get rid of investment properties ani cheppamanna @perugu_vada uncl

yes buddy .. thats true ... that why Austin has so much inventory compared to other areas.... this is one of the main concerns that I have

[stonks_pro]

14 minutes ago, Pencil_Rubber said:

MultiFamily kuda chustunanu mama ... antha ekkuva emi kanipinchaledu

Austin n Atlanta lo Multifamily levu kani…Tampa or Portland paravaledu some options unnayi …you may find a 4plex for 1 to 1.2 Million

[rmJU72]

2 hours ago, Manishican said:

Retail reits might be a better option.

No property management issues.

Dividend every month.

Capital appreciation over time.

Sell any time.

With Reits u have limited appreciation no? For example if u put 100k and get 5% payout per year, ur limited to 5% per year payout.

with an actual rental home with say 100k downpayment, someone is paying ur loan slowly and u also get appreciation of the 400k home. if home appreciation is 3%, ur getting 12k in appreciated value.

[Manishican]

21 minutes ago, rmJU72 said:

With Reits u have limited appreciation no? For example if u put 100k and get 5% payout per year, ur limited to 5% per year payout.

with an actual rental home with say 100k downpayment, someone is paying ur loan slowly and u also get appreciation of the 400k home. if home appreciation is 3%, ur getting 12k in appreciated value.

Partially true. Let's say if the retail reit owns 1 billion dollars property now. After 10 years, its NAV could also increase same as residential but the stock price might not reflect the NAV growth of 10 years and when you need money, you might be selling the shares below NAV. You might realize the NAV value only if some other company buys it or investors realize the true NAV and buy the shares increasing the share price closer to NAV. Similar to residential, the reit will own the property after its mortgage.

[Pencil_Rubber]

51 minutes ago, stonks_pro said:

Austin n Atlanta lo Multifamily levu kani…Tampa or Portland paravaledu some options unnayi …you may find a 4plex for 1 to 1.2 Million

Florida lo monna ne 2 Duplexes konna ..... i don't want to put all eggs in one basket ... anduke looking non local

[perugu_vada]

1 hour ago, Ravi860 said:

There are tons of inventory and prices still going down in Austin. Investment properties chustunnaru e interest rates ki🙏🏻  Leander ISD is big… there are spots that have very bad rating beware. Even RoundRock lo kuda 

Property tax appraisals are through the roof.. county still appraising at peak prices even with prices down. 😂 also there is no homestead or cap on exemption for investment properties means they can appraise for any price. One big reason why so much inventory as everyone want to get rid of investment properties ani cheppamanna @perugu_vada uncle

@Ravi860 uncle ekada chustunav properties ? Any new search ?