Follow Your Tenant Base out of Central Austin to Points North
Posted by Monte Davis on
So, if Central Austin is "the" hot spot for real estate investment, but you can't find something in your price point there, where do you go next? What looks good in comparison to all that downtown energy we talked about last time? Well, savvy real estate investors always follow the tenant base.
Let's say you have a couple of young professionals, newly married, renting near downtown. That's where everything is happening. There's nightlife. There's entertainment. There's excitement. That's the place to be.
And then, life changes. There's a new baby. Suddenly all the priorities change. The nightlife and entertainment get pushed aside in favor of a bigger home in a family-oriented area near good schools. Where does our couple go?
North Austin.…
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