Investment & Commercial Real Estate
Investment & Commercial Real Estate
Investing in Austin, TX & the Central Texas Hill Country
The Austin & Central Texas Hill Country Areas are prime for Real Estate Investment, whether it is commercial, multifamily, single family, land or other property. Plus, fixer uppers are in abundance for those who like to take a "hands-on" approach.
Grubb & Ellis predicts that Austin will be the 10th best Commercial Real Estate Market in the US. Read the Article Pretty impressive for one of the smaller cities on the list! (reported 1/2011)
"Cap rate is only one small piece of the performance story." October 2007
Interest rates are still at extremely low & attractive levels. More and more people are becoming successful Real Estate Investors, both large and small. By investing in multifamily projects, vacant land to buy & hold, commercial real estate for key investments, or single family property for rental income, savvy investors are diversifying their portfolios away from a strictly stock and bond mix. Investment properties can be bought outright or in Joint Venture Projects, Limited Partnerships, TIC's (Tenants in Common) or Real Estate Investment Trusts (REITS) in order to benefit from shared ownership, leveraging existing wealth. Or, some investors are purchasing real estate in their 401K accounts.
Real Estate can be an excellent tool for building wealth.
There is a growing demand in the commercial real estate market according to the National Association of Realtors (NAR). This should, in turn, benefit investors by providing increasing rents and rates of return for these type of properties.
Office properties, retail properties, and multifamily properties are the most common investments made in this sector. Some long-term investors are also look at speculative investment in raw land for future benefit and returns as towns & cities, such as Austin and Marble Falls, expand outward from their current boundaries. In the Central Texas Hill Country, this is becoming more commonplace as our area continues to grow.
Diversifying into Real Estate can be a prudent investment in any portfolio. Property appreciation & passive income can generate wealth and equity over time and can be a hedge over inflation.
As investors ourselves, the professionals at the Paragon Property Group have the knowledge and expertise to assist buyers in identifying and purchasing investment real estate. We can also assist you with 1031 exchanges. Sue Ellett has undertaken extensive specialized training in the Commercial Real Estate arena in order to provide our Investment/Commercial clients with better knowledge & tools to provide continued outstanding service.
Look at articles in our BLOG for more articles about our area including those relevant to investing in this area.
Information about Growth in Austin
Multifamily Properties in Austin
- Property Management Fees in Austin
Property Management fees for Multifamily properties in Austin range from about 5% -10% per month, with 7-8% being average. Most properties managers will charge a % of the first month's rent each time there is a new lease (25-75%), and they may charge a fixed fee when there is a renewal
- Property Taxes
Property Taxes are based on the Appraised Value (per the State of Texas) of the Property. Taxes are assessed for the previous year and due in January of the following year. For instance, 2007 Property Taxes are due by January 31, 2008. Our property taxes are based on a $ amount per $100 of appraised value. Example: A property has a tax appraisal of $100,000 and a tax rate of 2.5 - the taxes on this property would be $2500/year.
Information about Zoning, Developing, Permits & More in the City of Austin
For more information about INVESTING in Central Texas Hill Country property, contact us at 866-693-7741.