Investing in Austin TX Property?
As an investment opportunity, Central Texas rules. Why? Well, for starters:
- No state income tax!
- Austin is consistently rated as one of the top cities in the nation by business experts
- Property appreciates quickly
- Tenants can build equity for you
- Tax deductions increase after tax cash flow
- Equity can be created with debt reduction and appreciation
Choosing Austin for Real Estate Investing
This area is an easy sell. Austin’s a young, vibrant city at the heart of a dynamic region recognized for its talented workforce and superior business environment. Forbes Magazine confirms what businesses already know-that Austin is the Number One place to do business and advance your career. Austin’s well-educated workforce, overall low business costs and available, affordable commercial space offer unparalleled opportunity for business growth.
Austin is considered one of the “Cities of Ideas.” High tech knowledge-based industry leaders in areas like semiconductors, software, internet, biotech, wireless, and nanotechnology make their home here. As these industries continue to grow, they will seek to locate in cities with a mixture of high quality of life (including an excellent climate, parks, natural beauty, and a strong cultural base), relatively low cost of living, and with a strong base of highly educated employees – all strong characteristics of the Austin and central Texas areas. Austin also boasts the title of the “Live Music Capital of the World” and is rich in culture and art.
Texas, with its business friendly environment and lack of a state income tax, is increasingly considered one of the leading states in the country to start or relocate a business (as many California firms have already done).
With all of this projected growth (doubling of population by 2025), new residents are going to need housing. This will serve the dual purpose of increasing rental income for investment property owners as well as increasing the equity value of their investments.
Because Austin invests heavily in smart growth initiatives, meaning developers concentrate heavily on infill development – a positive thing for property investors, because suburban sprawl is de-emphasized, and inner city real estate investments appreciates on a more similar pattern to geographically supply constrained areas such as Los Angeles, San Diego, New York City, San Francisco, and Boston. There are simply no other markets offering the relatively entry cost of Austin along with a market that so many experts feel is poised for tremendous growth in the coming years. Forward-thinking investors that jump on board now are likely to reap substantial benefits in the future.
Sienna works with some of the largest national investment groups as their full-service sales and management specialists. They trust us because we live here, because we know everything there is to know about the land here, and because we’ve made a lot of people a lot of money.
To be successful in life, we need to look ahead. The future of Austin and Central Texas is bright as can be, and Sienna can help you be part of it. Contact us today!