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Old 07-18-2013, 02:15 PM
 
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We are starting to look at certain areas including hyde park downtown area.We don't have a very big budget, under 200K. Is that a good combination? I am hoping to have steady renters in these areas. What do you all think?
Thanks .
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Old 07-18-2013, 02:18 PM
 
Location: Austin, TX
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AHS shows three properties in Hyde Park <200k - each is a condo. None of which I would be too interested in, but I am sure you could find UT student renters pretty easy. Just not sure on having positive cash flow from them.

Just as an FYI, if you are looking single family property, the property value is going to be around 200k, give or take, so any structure is going to be crap at that price.
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Old 07-18-2013, 03:20 PM
 
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Hyde Park for $200K as an investment is tough. You are a few years late to that trade. A buddy found a duplex that is break-even cash flow (maybe its slightly positive, but its a bet on appreciaton) at $450K, but it also needs ~$30K of reparits to it.

In areas that close to downtown, or in downtown, then you are not going to find cash flow properties, and your return will be based on home price appreciation.

Condos have HOA fees that kill cash flow.
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Old 07-18-2013, 08:28 PM
 
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Have you considered the suburbs or surrounding area? this is kinda high.
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Old 07-18-2013, 09:02 PM
 
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200K as a 30% down payment will just get you into Hyde Park
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