Austin, Texas Market - Current State & Trends?
Anyone up to date on the current state of the real estate market in Austin? Also, any trends (vacany rates, new projects, redevelopment etc) would be helpful. Any other insights reagarding investing in this market would be helpful as well.
Thanks in advance.
Jon
My guess is 4-5.
www.****This URL Not allowed****.com has many commercial buildings listed including apartment buildings and it gives the cap rates. You can sign up for the limited free search.
I spent a lot of time looking in New York and New jersey for profitable apartment buildings or industrial properties and yes, I found that once you factored in a mortgage loan, profits were usually wiped out or were very thin. Now I am looking to buy a business instead. Much higher profit rates, although financing could be trickier. Oh, you can always check craigslist, click on commercial properties. Also the regular real estate section has apartment buildings Trevor