escapeso's Blog: All Categories

Downtown Austin real estate is growing faster than ever.  Well, maybe not ever, but more than in the last 14 years I have lived here.  The city council and the community in general is pushing for growing the downtown into a live-work area with high density, shops downstairs, and living upstairs.  The term is "multi-use" and it is pretty much pretty much the montra for Austin real estate.  There are 10+ condo projects going up in the next couple years that cater to the different appeals of living in downtown Austin.

A couple condos are situated at the turn of the river in downtown Austin, taking advantage of views down the river.  The first time I saw the views, I was pretty surprised.  You can see all the way down the river from the Congress bridge,…

When you are buying your first rental property and becoming a landlord, there is lots to learn. How do I find tenants? What should I charge for rent? Should I update the places to get more rent? How do I tell the tenants they are late on rent?

I have read a lot about how you have rule with an iron fist to keep your tenants in line. Our philosophy is much more laid back, and it has worked out well for us. Every property is different, but this was our experience.

Our first real estate investment property was somewhere we would move into ourselves, and in retrospect, that was an aspect more important than I would have guessed. There's many decisions along the way, and being a potential tenant yourself makes those decisions much clearer.

First off, when it…

When someone decides to buy a house, one of the first tasks is to talk to a lender and determine the maximum loan they can get. The max loan will determine the cap on real estate prices for that the buyer. There’s lots of calculators out there that will help determine this.

But what if you want to have a certain payment per month and you want to know what the max house price would be for that payment? For example, you are renting at $800 per month right now, and you could deal with a couple hundred more per month to be able to have ownership. So, you want to know what house price would be equal to paying $1000 per month.

Well, you still take into consideration a lot of familiar items:
1) Your down payment, which is how much cash you will put down on the…

Selling your Home: Making your Home Accessible and a Pleasant Showing Experience

A lot of people ask for advice on how to sell their homes. There is the standard good advice... You can hire a professional stager to make your home be on the level of a model home. You can retile you bathroom or install granite in your kitchen to have a little more upgrades than the one down the street for sale. You can do all kinds of things on the level of presentation. One thing I think most people overlook is making your home accessible and making the showing experience a pleasant one.

First, try to be inviting to everyone who calls on the house. It is definitely inconvenient for people to be romping through your daily lives, but it is unfortunately part of selling a…

People talk about running the numbers before buying an investment property, but what are the numbers and how do you get accurate numbers? Running the wrong numbers can make the difference of making $500 or losing $1000 per month. In this article we will go through the costs and factors to consider to make your investments successful.

RENTAL INCOME

Rental income is not as straight-forward as it seems. Sometimes properties are under-rented and sometimes properties are over-rented, so be sure to find out the market rents when you consider a property. When we bought our first fourplex, we looked at comparable leases and realized our rents were too high, so instead of assuming we would continue to receive $3600 of rental income, we had to be realistic and…