Welcome to the Blog

2017-03-29 15:37:17
How to Locate a Home with Investment Potential

Are you looking for an investment property in the Round Rock area? Buying an investment property is completely different than buying a personal home. While it is a different process, I’m here to help! Here are several ways to spot a home with investment potential in the Round Rock area:

Who is Your Audience? – Determining your audience is important when deciding on a home to purchase, with the intent of renting it out. Are you looking for this investment property to house a family of four living in the suburbs? Or, 20-year-olds looking to live near the action? Be sure to consider who you are targeting before searching for homes.

Location, Location, Location – Where does your audience want to live? If you’re targeting individuals in their 20s, consider looking for a property in an area that has shops, restaurants, and grocery stores. These locations are extremely appealing to the younger generations!

Or, if you're targeting a family, be sure the home's location is in a quiet neighborhood in one of the area's top school districts. The school district is imperative to families with children – so, be sure to keep that in consideration. 

Lots of Bedrooms – If you’re targeting 20-year-olds, consider maximizing the number of bedrooms to optimize your money-making potential. Even if there are empty rooms, chances are you will still make a profit.

For families – be sure your rental property has enough bedrooms to support a family. A four-bedroom house should do the trick! 

Make Sure You Can Rent – Before you purchase the home, make certain zoning laws and the homeowner's association allow renting.

Math Always Wins – Before buying a property as a rental, do the math! According to Trulia, here are a couple of rules of thumb for purchasing a rental property:

  • The 1% rule: If the rent is 1% of the sale price, it is worth looking at!
  • The 50% rule: “You want a mortgage payment (not including taxes and insurance) to be less than 50% of the rent!

Consider the Expenses – Expenses for a property may vary, but here is a list of some of the average costs you will encounter:

  • Mortgage Payment
  • Property Taxes
  • Homeowners’ Insurance
  • Property Management
  • Homeowner’ Association Fee
  • Vacancy Rate
  • Repairs

There is a lot to consider when looking for a rental property, but I’m here to help! Give me a call regarding any questions you may have about investing in real estate in the greater Round Rock area. 




Blog Archive
2019-04-10 15:04:29
Relish the Springtime Weather and Gorgeous Bluebonnets at these Austin-area Patches

2019-03-26 15:31:03
4 Tips for Spring Yard Prep in Central Texas

2019-03-20 08:41:50
Know Before You Go! Mortgage Prep & Home Affordability

2019-03-20 08:01:37
Meet The Ruby Hotel in Downtown Round Rock

2019-02-28 16:22:06
America’s Largest Indoor Waterpark Opening in Round Rock in 2020

2019-02-28 16:17:32
Cedar Park Development Led by Award-Winning Mueller Team

2019-02-25 14:27:58
Kid-friendly Staycations in Austin - just in time for Spring Break!

2019-02-01 05:40:16
Round Rock’s Forest Creek Golf Course named No. 8 most improved by Golf Advisor

2019-02-01 05:16:55
City Council Approves First Step to a New 1,200 Home Development in Northeast Round Rock

2019-01-30 12:50:52
Dog-Friendly Places in Williamson County, TX

2019-01-30 10:33:21
Did you buy a home in 2018? Here's everything you need to know about filing your Homestead Exemption in Texas!

2019-01-07 07:37:34
Buyer Tips for House Hunting in 2019

2018-12-21 07:03:09
Selling in the Winter Months? Here’s How to Maximize Your Home Sale Chances

2018-12-20 12:28:07
Williamson County Vote to Review Property Tax Exemption Policy for Residents Over 65 and the Disabled

2018-11-30 09:11:28
Selling Your Home in the Winter May Not Be So Bad

2018-11-28 13:05:06
Austin-Area Home Sales and Sales Dollar Volume Set October Record

2018-11-28 09:55:00
Smoke Alarms Save Lives -- Tips for Setting Up and Using Smoke Alarms

2018-11-26 12:07:14
Holiday Fun in Austin, TX

2018-11-06 09:58:45
Staging Tips and How to Stage on a Budget

2018-10-31 11:22:08
Should I Stage My Home Before Selling?

2018-10-31 09:49:08
What is a Multi-Gen or NextGen® Home?

2018-10-19 13:34:03
What is an In-Law Suite? Simple: It is a Smart Feature with Endless Possibility

2018-09-26 10:05:37
Proposed Cedar Park Mixed-Use Development Indigo Ridge South Could Bring Businesses and Housing for Thousands

2018-09-25 14:04:51
American Planning Association Names Historic Downtown Georgetown, TX as a 2018 Great Neighborhood

2018-09-24 14:11:13
Moving Checklist

Click here to see ALL articles.

Comment on this Article

Your Name:
Your Email:
Verify:  Please enter the numbers shown to help eliminate spam.