Eric Bramlett understands Real Estate Investment and speaks the language. Are you looking for 1-4 family cash-flow properties? Let Eric know your target Gross Rent Multiplier and he will let you know its plausibility, and find it. Are you in the market for larger multi-family properties? Tell Eric your target cap rate and he will find it, and make sure you have the necessary documentation to prove that cap rate as accurate.
Are you curious where the “hot” areas of town are? Do you need to know where to expect higher occupancy? Eric reviews investment properties on a daily basis and has a pulse on the market.
Eric is personally invested in the Austin Real Estate Market. Why?
Economic Growth. Technology is here to stay. Dell, AMD, Freescale (formerly Motorola), and National Instruments call Austin home. IBM, Apple, and Intel have an extremely strong presence here. As these companies continue to grow, so will Austin . Austin also harbors creative the creative minds and spirit that will bring the innovations of tomorrow.
Housing Bubble? Most experts agree it's not in Austin , TX . During the recent Real Estate Boom, Austin actually saw depreciation in prices from 2001 – 2004 due to the tech bust. Austin saw almost 25,000 layoffs in 2001. The result of this is investor purchases make up 15% of total purchases while the national average hovers around 30%. The economy has bounced back in full force. Spend the next ½ hour reading the national praise of Austin's Economic Recovery: Because of this, the 2005 year saw modest appreciation of 6% and the Real Estate Center of Texas A&M predicts at least 8% for 2006. while markets showing heartier growth earlier in the decade are projected to slightly dip.
Affordability. The median priced home in Austin is $136k while the median earning family brings in over $54k annually. At predominant FHA rates and with two car payments, this family could qualify for over $164k home. Austin has room to grow.
Please visit the Contact page to begin a dialogue with Eric regarding Austin Real Estate Investment. |
