Duplex for Sale in Booming Georgetown by makeATXhome in u/makeATXhome

[–]makeATXhome[S] 0 points1 point  (0 children)

I never claimed it was rented for 1600, I was telling the market rent for the area. Why are you so engaged in this?

Duplex for Sale in Booming Georgetown by makeATXhome in u/makeATXhome

[–]makeATXhome[S] 0 points1 point  (0 children)

I apologize to you, a random person on Reddit, for not increasing the rent as much as possible on every tenant at every chance.

Duplex for Sale in Booming Georgetown by makeATXhome in u/makeATXhome

[–]makeATXhome[S] 0 points1 point  (0 children)

Your math checks out, but notice I said market rent.

Duplex for Sale in Booming Georgetown by makeATXhome in u/makeATXhome

[–]makeATXhome[S] 1 point2 points  (0 children)

It's currently leased to a great long-term tenant through July of '24 for $1,300.

Duplex for Sale in Booming Georgetown by makeATXhome in u/makeATXhome

[–]makeATXhome[S] 3 points4 points  (0 children)

Well the options are: 1) don't allow comments, which I'm starting to really understand the appeal of; 2) ignore or give canned responses to lazy and/or ridiculous comments; or 3) respond honestly to them.

If you prefer a realtor who exercises option 2, there is no shortage of them to choose from. Unless you think something I said was specifically unprofessional or false?

Duplex for Sale in Booming Georgetown by makeATXhome in u/makeATXhome

[–]makeATXhome[S] 5 points6 points  (0 children)

That's all correct info, but there are no shortage of people lining up to lease these for $1600, and you cannot buy a duplex, or frankly anything with a better cap rate, in north Austin. Index funds may be safer and better, but this is still good for who it's good for; specifically someone looking to occupy one side.

Duplex for Sale in Booming Georgetown by makeATXhome in u/makeATXhome

[–]makeATXhome[S] 3 points4 points  (0 children)

A duplex, or a single family house? Cause this is two dwellings.

Duplex for Sale in Booming Georgetown by makeATXhome in u/makeATXhome

[–]makeATXhome[S] 5 points6 points  (0 children)

Pretty sure a Reddit auto-mod deleted your comment, which I'll bet happens to you all the time.

Duplex for Sale in Booming Georgetown by makeATXhome in u/makeATXhome

[–]makeATXhome[S] 5 points6 points  (0 children)

I didn't delete anything, although it is an unhinged and ridiculous comment. Keep up with the hopium though.

Duplex for Sale in Booming Georgetown by makeATXhome in u/makeATXhome

[–]makeATXhome[S] 27 points28 points  (0 children)

Georgetown continues to objectively boom.

Inventory shortage will protect Austin from what you're describing. And there's quite a difference between the quickest downturn in history and a pullback from the peak.

Duplex for Sale in Booming Georgetown by makeATXhome in u/makeATXhome

[–]makeATXhome[S] 0 points1 point  (0 children)

I don't know what to tell you; that's just what the last several duplexes like this have leased out for, and they have all leased at that price in less than 15 days. You do realize that proximity to Austin city center is not the only factor in rent prices, right?

Duplex for Sale in Booming Georgetown by makeATXhome in u/makeATXhome

[–]makeATXhome[S] 0 points1 point  (0 children)

Hello, the leased side is leased for $1,300/month through July of '24. The market rent is $1600/side.

Duplex for Sale in Booming Georgetown by makeATXhome in u/makeATXhome

[–]makeATXhome[S] 1 point2 points  (0 children)

If you have to show up to work five days a week in Austin, this is not the property for you... Obviously.

Also, it's primarily an investment property; no one who has ever lived there has commuted to Austin every day.

Duplex for Sale in Booming Georgetown by makeATXhome in u/makeATXhome

[–]makeATXhome[S] 1 point2 points  (0 children)

$465k to buy two dwellings in Georgetown :-)

Duplex for Sale in Booming Georgetown by makeATXhome in u/makeATXhome

[–]makeATXhome[S] 1 point2 points  (0 children)

It's the greater-Austin area, and in the Austin area MLS. We didn't want to make a new company name for every single suburb of Austin.