Business friendly Government = job growth
If maximum cash flow was my goal, I stay out of Austin. If maximum capital gains were my goal, I be in Austin. I pick parts of the city that are growing population by 5%+ each year and appreciating even faster. I try to get as close to downtown as I could. I pick areas that are getrifying and being redeveloped. I buy, add value, and sell, or hold. But not for cash flow, for appreciation. If so, than yes, high taxes are something to consider. Also, Austin is not the best place to consistently find cash flow and high rental yields. Although I know some developers that are doing very well with A class apartment complexes.
in Austin and Salt Lake City. The key is learning how to identify the 1% deals in both cities or any other city in the country. The key is also finding deals that match your plan, goals, etc. too.
DFW has a ton of DoD work. San Antonio and Houston both have some too. There are good deals to be found everywhere. I would focus on investing where you have the most expertise and ability to locate good deals. There are 99% crappy deals Nike Flyknit Air Max 1 Review
Energy based economy = job growth
Pros for SLC:
Investing in a state Capital is generally a pretty safe place. but you didn say what you were investing for to determine the "best". I guessing neither SLC or Austin will cash flow so I figure you looking for long term appreciation?
It really all depends on your goals. I know Austin very well and thus it is a better investment risk for me. Saying that a whole city sucks for investments is pretty silly to me. There are hundreds of tradeoffs for any investment and a lot depends on your portfolio and goals.
the fastest growing city in the US (out of the top 25). That makes it spmewaht unique from an invesment perspective. It makes appreciation Flyknit Racer Oreo 1 Vs 2 more important.
Austin is almost exclusively technology. Austin has almost zero DoD work. Texas is a very big state and the cities are quite different. Austin and Houston are two totally different economies.
Many markets don support wild swings in property values and the "appreciation" that goes with this valuation pattern. Many people aren looking for this either. A lot of folks on this board in particular are looking for C to D class properties that have current yields in the form of cash flow. If that is your goal then primary markets will be harder for you to locate deals in. If your goal is to break even or possibly bleed on a property month to month hoping for a terminal value from appreciation far in excess of your purchase price than primary markets are probably better markets for you to look at.
Fair enough. as an outsider, Texas = oil. I know there a bunch of DoD work down there as well but outside of that haven really heard of any tech coming from that way.
Salt Lake City
Anyone that claims Austin sucks as a place to invest should come visit some of the projects we working on. Many of our BP board members are participating in these projects with me and with others that understand this is a FANTASTIC market IF you know what you doing. It is different than the rest of Texas in that values are higher and it doesn cash flow as well. Yeah, that a generalization. It also Nike Air Max Flyknit 2015
It really all depends on your goals. I know Austin very well and thus it is a better investment risk for me. Saying that a whole city sucks for investments is pretty silly to me. Energy = Houston.
How is Austin an energy based economy? Austin is a gov mint and technology based economy. Energy = Houston.
Lower taxes than Texas
I trying to decide where to focus my investment efforts. The thing that worries me about TX is the high property tax, high insurance rate, and higher risk for natural disaster. Since the property taxes are so high, I worried this would mean that there would be little appreciation in TX? What Nike Flyknit Air Max Womens 2015
Being in Utah I a bit partial though I invest for cash flow, not appreciation. I be more inclined to invest in Utah County than SLC though taking full advantage of BYU and the Mormon influence. All the population growth seems to be moving south down the Uintahs in towards Spanish Fork. Depending on your hold period, moving south down that corridor would give better values.
Mormons = Population growth (they never seem to move)
It not in Utah
Pros for Austin:
do you guys think?
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