Archive for the 'Austin Investing' Category
Austin Rental Market Update - 2007-2006 Comparison
Closed Published by Steve Crossland March 13th, 2008 on Austin Real Estate Blog - Austin TX Real EstateFor 2007, the Austin Rental Market continued to see gains in average and median rental rates for single family homes. But we still lag behind the rental rates landlords enjoyed 6 and 7 years earlier, if you can believe that. The graph below shows where we were in 1999 through 2007. You can see the […]
Austin Rental Market Update - thru Oct 2007
Closed Published by Steve Crossland November 24th, 2007 on Austin Real Estate Blog - Austin TX Real EstateThe Austin Rental Market keeps chugging along. Not much new to say for the stats report this month as the steady climb in rents continues. Average rental rate is up 5.7% from a year ago, to $1354 (though down from last month due to our seasonal shift). But remember, average rents in Austin are still […]
Austin Real Estate Market Sales Update - Sept 2007 and YTD
Closed Published by Steve Crossland October 22nd, 2007 on Austin Real Estate Blog - Austin TX Real EstateThe Austin real estate market is a set of markets within a market. Trying to describe what’s going on is like trying to say what the weather is like right now in the U.S. What is true in one area often does not apply to another. Overall in Austin, the number of sales have dropped, […]
Another Austin Investor Horror Story
Closed Published by Steve Crossland August 5th, 2007 on Austin Real Estate Blog - Austin TX Real EstateSometimes I think I go too far in warning prospective newbie investors about the potential downsides of owning rental property, but articles like this one in todays Austin Statesman remind me that stern warnings are in fact appropriate. To be clear, I am a happy real estate investor and have helped many, many investors successfully […]
Pros and cons of owning rental houses
Closed Published by Steve Crossland July 7th, 2007 on Austin Real Estate Blog - Austin TX Real EstateI came across this article today by Robert Bruss (www.RobertBruss.com). It’s a really good overview of rental property ownership. Robert Bruss writes real estate articles that are published in newspapers around the country.
A closer look at investment purchases
Friday, July 06, 2007
By Robert J. Bruss - Inman News
What is the best investment you ever made? […]
Austin Real Estate - Rental Market Update Feb 2007
Closed Published by Steve Crossland March 11th, 2007 on Austin Real Estate Blog - Austin TX Real EstateThe Austin Rental Market continues to show steady improvement for landlords. Average and Median rents for single family homes are up about 5% from Feb of last year. Median Days on Market dropped 7.8% to 47 days, meaning half of all homes leased through the Austin MLS took longer than 47 days, and half took […]
Austin Real Estate Market Sales Update - 2006 Summary
Closed Published by Steve Crossland January 29th, 2007 on Austin Real Estate Blog - Austin TX Real EstateBelow are the sales stats for December 2006 as well as a 2005/2006 comparison summary. This month, on the chart directly below, I’ve added Duplex sales and Townhome sales so you can see how those track over time compared to single family homes.
2006 was a very strong year for the real estate market in Austin […]
Austin Rental Market Update - 2006 Summary
Closed Published by Steve Crossland January 21st, 2007 on Austin Real Estate Blog - Austin TX Real EstateFinally, after four consecutive years of declining average rents, the Austin rental market turned around in 2006. Though only a modest increase of 1.4% over the 2005 average rental rates, it’s the change in direction that’s important. Austin absorbed 35% more rental homes in 2006 than 2005. The market is very strong but supply remained […]
Why I Just Passed on a Positive Cash Flow Investment Property in Austin
Closed Published by Steve Crossland January 10th, 2007 on Austin Real Estate Blog - Austin TX Real EstateNow that the holidays are behind us and a new year has begun, the phones are starting to ring again and the email inquiries are coming in again from prospective investors who are considering purchasing investment property in Austin. The most common question we hear is, “can I buy a rental house in Austin that will provide […]
Real Estate Investor Horror Story
Closed Published by Steve Crossland January 5th, 2007 on Austin Real Estate Blog - Austin TX Real EstateI found this post on the web while doing some research on an investment club someone mentioned to me. The story was posted by an investor who apparently joined one of these investor groups that has the entire process all laid out via a pre-established “network”. They tell you where to go, what to buy, which […]