Chatter is abound that the Lone Star State is attracting tech and the inflow of new residents is driving up real estate prices. Is this true? Is it too late to capitalize on residential real estate investment opportunities there?
Answers
Many states have tech hubs. Austin, Texas, is already a well-developed tech hub. There may be better opportunities in other places. All states want tech hubs because the hubs attract talented young people.
The straight answers to your questions below are yes! You have many other players in the market. We believe some value still exists in the residential real estate investments which can evidence value add and upsides with capex to increase IRR and equity x’s.
This has been true for some time in Austin, a major tech hub and home of Dell. Young techies love Austin for many reasons, but it does support a strong tech culture and has many lifestyle benefits very important to young people. Dallas also seems to be expanding, though, and is much less tech-driven in nature.
