Central Texas Investment Guide
A Closer Look At "The Numbers"
Owning Investment Property Is More Expensive Than You Think
Some real estate agents are dismayed that the days of easy money investment buyers have slowed down significantly from their highs in 2005 and 2006. And though we´d be disingenuous if we suggested we weren´t delighted that some clients were willing to buy multiple properties sight unseen over the phone during that period, we are glad to see that a sense of normalcy has returned to the investment market.
Of course, in some circles, there is still a euphoric expectation of returns, with some investors believing Austin is next in line for an equity explosion.
We feel this is the wrong approach to real estate investment, and we are very explicit in telling our customers, "please do not buy real estate in Austin if:"
- You expect to flip the property for a profit in less than a year (or for that matter less than 3 years)
- You expect to buy property with little or no money down
- You expect to generate positive cash flow every month with little hassle and little down
Next Page: How The Process Works – One Investor Couple´s Experience
Table of contents
Why Central Texas?
- A Brief History Lesson (up to 2000)
- A Temporary “Bug” in the Software (2001 to 2003)
- Back in the Saddle (2004 to Present)
- Why? Jobs and Relocation!
- “Keep Austin Weird” – Seriously
- Austin is Pro-Business – Pay Your Rent or “Hit the Road!”
- There’s No Bubble Here (aka “Have I already missed the boom?”)
- Supply and Demand – “Save Our Springs” & The University of Texas at Austin Effect
- Austin Moving from 3rd to 2nd “Tier” Status
Castle Hill Investments’ “Turnkey” Partner Team
- Investors Need More than Just a Buyer’s Agent
- Lending
- Property Management
- Leasing
- Insurance
- Title and Escrow
- We’re Here for you Today, Tomorrow, and 5 Years from Now
Why Should I Work With Castle Hill Investments?
Property Types – What Should I Buy?
- Equity Appreciation vs. Cash Flow
- The Duplex – the Perfect Central Texas Investment?
- Different Geographic Regions
- "But I Want a NEW Construction Property!"
A Closer Look At "The Numbers"
- Owning Investment Property Is More Expensive Than You Think
- How The Process Works – One Investor Couple´s Experience
- Show Me the Money – Numbers at Closing
- Show Me the Money – After Closing
- Other Expenses
After the Sale – an Owner’s Manual
- After the Sale – an Owner’s Manual
- The First "Make Ready" and Realities of Purchase
- Limiting Landlord Liability and Deeding to LLCs/LPs, etc
- Real Estate Capital Gains Taxes: A Primer
- Texas Property Taxes – "Huh?"
- 1031 Exchanges
- After the Sale – Checklist and Action Items
- Real Estate As a Component of a Well-Balanced Portfolio
- Cash Flow Calculator
- Three "Real World" Investor Stories
- Austin and Central Texas Neighborhoods
