Another market we’re hot on is Austin, Texas. As income property investors, some of the numbers we’re about to reveal might literally make your heart skip a beat. It’s that exciting.
What does an income property investor want more than a bicycle for Christmas? How about massive population growth combined with an infrastructure that can keep up? Welcome to your everlasting wish. Austin grew an amazing 47% during the decade of the 1990’s and has been tacking on an additional 3% annually since 2000. How’s that for growth?
Think there are a few people there looking for rentals? If you said “yes”, you would be right. Even better, with a whopping 40% of the workforce holding a Bachelor Degree (dwarfing the percentage of the rest of Texas and United States as a whole), you’re looking at quality renters with good jobs who likely will stay where they’re at for a while.
Average rent for a Class A apartment is $924, a rate that has grown 8.1% in the past year. Investors are catching on to this beautiful hill country that calls itself “The Live Music Capital of the World.” Californians and others have figured out Austin is a great place to invest. They’re selling their West Coast digs and making a fortune in the Lone Star state.
If you’re interested in doing the same, visit www.JasonHartman.com/properties and check out the Austin area presentation. Then call a Empowered Investor Network investment counselor at 714-820-4200 and ask them what you need to do next.
The Platinum Team
Flickr / Kumar Appaiah
