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Millenials Turning to Real Estate For Investing

Posted by Sharon Rosshirt on Tuesday, May 9th, 2017 at 12:39pm.

Real Estate ownership has been an important milestone in the "American Dream" from the outset.  In Central Texas, many young people have avoided taking the leap because of the higher prices that our market has compared to the rest of the country.  However, many savvy young people have figured out how to make the dream of home ownership work for them while investing in their future at the same time.

Why are fewer young people buying?

Culturally, Millenials are getting married older, have a less stable job market, and are less prepared than the Baby Boomer generation before them.  When talking to many millennials about home ownership many will just reply "Why not just rent?" There is another group however that realizes that many of the rents in Central Texas would allow them to purchase a home and not only lower their monthly living expenses but also begin to invest in Real Estate.

How to Find a Good Investment Property

One of the best ways for renters to break out and become homeowners is to look into purchasing a duplex and living in one side of it.  Not only will the other tenant be paying between 50%-70% of your monthly mortgage you also have tax benefits as a landlord.  Additionally, after living in your duplex for 2-4 years you will have saved up nearly enough to purchase a single family home and move out of your half of the duplex and rent it out to a new tenant.  

Where to Start

A REALTOR is a great resource if you are interested in learning more about investing.  You can also check out some of these other guides on Stanberry.com

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Photo of Listing #3104926

6813 Porter St Austin,TX $175,000

Residential, House
  • 5 Beds
  • 1 Baths
  • 1,776 SQFT
  • 569 DOM
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Home Needs Lots Of Tlc!

ACE Realty

2018 W Rundberg Ln #5d Austin,TX $175,000

Residential, Condo
  • 2 Beds
  • 2 Baths
  • 955 SQFT
  • 58 DOM
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Rare Find Less Than 5 Minutes To The Domain Under 200 K. Cute 2 Bedroom 1.5 Bath With Indoor Utility Closet. Washer, Dryer. Fridge, And Microwave Convey. Had Popcorn Removed From The Main Areas. Nice Fireplace In The Living Room. Spacious Pr...

Epperson Realty Group LLC
Photo of Listing #6980606

4500 E Oltorf St #a-109 Austin,TX $175,000

Residential, Condo
  • 2 Beds
  • 2 Baths
  • 1,004 SQFT
  • 17 DOM
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Updated And Ready For Move-in! Bedrooms Are Separated By The Living Space With A Fireplace In The Middle. Each Bedroom Comes With Its Own Full Bath! Comes With Appliances, Walk In Closets, And Patio. No Carpet! Condo Is Easy To Find; Ground Level,...

United Real Estate Austin

1748 Ohlen Rd #101 Austin,TX $175,000

Residential, Condo
  • 1 Bed
  • 1 Bath
  • 770 SQFT
  • 24 DOM
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Great Floor Plan With Vaulted Ceilings.large Walk-in Bedroom Closet. Private Patio With Storage. Corner Unit With Mature Landscape. Assigned Parking. Well Maintained Complex With Gated Access And Beautiful Pool. Private Location In Back Of Compl...

JB Goodwin, REALTORS
Photo of Listing #1478759

1405 Hartford Rd #202 Austin,TX $175,000

Residential, Condo
  • 1 Baths
  • 378 SQFT
  • 7 DOM
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Old West Austin Efficiency. Close To Metro/ut Lines, Downtown, Pease Park.. As Well As A Number Of Hip & Trendy Areas Off West Lynn & Enfield. Appliances Included. Hoa Replaced Siding A Few Years Ago. Hvac Replaced In 2017 And Recently Serviced....

Spyglass Realty and Investment
Photo of Listing #7878078

2425 Ashdale Dr #55 Austin,TX $175,000

Residential, Condo
  • 2 Beds
  • 2 Baths
  • 981 SQFT
  • 17 DOM
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Location, Location, Location! This 2 Bedroom 2 Bathroom Condo In The Heart Of Austin Is Ready! A Close Walk To Major Shopping, Restaurants & Social Hang Out Spots - This Unit Has It All! Outside You Will Find An Oasis-type Of Pool. Inside There Is...

Compass RE Texas, LLC
Photo of Listing #7554780

4213 Galbraith Cv Austin,TX $175,000

Residential, House
  • 3 Beds
  • 2 Baths
  • 1,536 SQFT
  • 3 DOM
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Fantastic Opportunity! This House Is Yearning For A New Owner. Needs Some Love (new Floors, Baseboards, Paint, Appliances) But This Is A Great Fit For A 1st-time Buyer Needing An Affordable Entry To The Market, Or An Investor Wanting A Cash Cow. N...

Allure Real Estate
Photo of Listing #3386748

2213 Poquito St #115 Austin,TX $175,000

Residential, Condo
  • 1 Baths
  • 407 SQFT
  • 1 DOM
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This Unit Is Part Of Austin's Affordable Housing Program. Just 2 Left. This Well Designed 407 Sqft Unit Includes Quartz Counters, Stainless Appliances, And Zero Carpet. Showing Instructions: Sales Office Is The Corner Unit Downstairs In The Buildi...

Prospect Real Estate
Photo of Listing #2305403

5616 Emerald Forest Dr #115 Austin,TX $177,900

Residential, Condo
  • 2 Beds
  • 2 Baths
  • 939 SQFT
  • 155 DOM
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Cute 2 Story Condo In A 24 Unit Community In Popular South Austin Location. 2 Bedrooms Up W Full Bath. Living, Dining And 1/2 Bath Down. Fresh Paint Throughout And Updated Bathrooms July 2018. Modern, Clean, Great Lighting. Ceiling Fans. Galley S...

Listing Results, LLC
Photo of Listing #9106380

909 Reinli St #248 Austin,TX $178,000

Residential, Condo
  • 1 Bed
  • 1 Bath
  • 582 SQFT
  • 67 DOM
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Perfectly Situated And Fully Renovated! And, At A Price Point That Is Almost Non-existent In This Part Of Austin! Easy Access To I-35, 290, 183, Acc, Shopping, Restaurants And Entertainment! It's The Only 1 Bedroom Second Floor Unit Over Looking T...

JP and Associates Realtors
Photo of Listing #4533386

5937 Hammermill Run Austin,TX $179,000

Residential, House
  • 3 Beds
  • 2 Baths
  • 1,159 SQFT
  • 76 DOM
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*buy Quick/close Quick - Remodels Now Selling For $250k+ - It Is Not The Same Old Area Off Pleasant Valley - *now Is The Time Before Prices Jump More - House Is Ready To Make Money For Redo/investors - Big Open Living - It Is Not The Same Old Area...

RE/MAX Austin Skyline
Photo of Listing #5280180

9511 Quail Village Ln Austin,TX $179,000

Residential, Townhouse
  • 2 Beds
  • 2 Baths
  • 1,193 SQFT
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Great 2/1 Town Home Under 200k! Situated Between 183 And I-35. Heb Is Right Down The Street. All Assigned Austin Isd Schools Are Located Within .5 To 2.5 Miles From Your Front Door. Includes 2 Master Suites With Walk-in Closets. Spacious, Open Flo...

Jovio
Photo of Listing #4483008

6810 Deatonhill Dr #108 Austin,TX $179,500

Residential, Condo
  • 1 Bed
  • 1 Bath
  • 876 SQFT
  • 5 DOM
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This Updated And Spacious Condo In Southwest Austin Is Only Minutes From Barton Creek. The Living And Dining Room Features Views Of The Greenbelt Shaded By Large Oak Trees. Wood Flooring, Stainless Steel Appliances, Granite Countertops. Within Wal...

Market Properties LP
Photo of Listing #2931904

5000 Edenbourgh Ln Austin,TX $179,500

Residential, House
  • 3 Beds
  • 2 Baths
  • 1,318 SQFT
  • 16 DOM
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Charming 3 Bedroom / 2 Bath Home Located In Convenient Chimney Hill Neighborhood! Buyer Will Do All Foundation Repairs.

RE/MAX 1
Photo of Listing #6527517

5820 Berkman Dr #120 Austin,TX $179,900

Residential, Condo
  • 1 Bed
  • 1 Bath
  • 633 SQFT
  • 76 DOM
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Back On The Market--buyer's Financing Fell Through--updated Condo In Windsor Park--near Mueller. Renovated Complex With Lovely Pool, Storage, Gated Parking, And Wonderful Washer Dryer Hook-ups. Granite Countertops, Lovely Floorplan, No Carpet, A...

Keller Williams Realty
Photo of Listing #8482864

8400 Jamestown Dr #134 Austin,TX $179,900

Residential, Condo
  • 2 Beds
  • 3 Baths
  • 968 SQFT
  • 4 DOM
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Fantastic Condo In Great Location In North Central Austin Close To Research Boulevard. Security Gated Community With Assigned 2 Car Covered Carport. Private Wood Fenced Outdoor Back Patio To Chill Out In. Kitchen Has Been Remodeled Along With Upda...

JP and Associates Realtors
Photo of Listing #5528543

15005 Dexler Dr Austin,TX $179,990

Residential, Manufactured
  • 2 Beds
  • 2 Baths
  • 1,120 SQFT
  • 41 DOM
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Looking For An Off-the-grid Lifestyle? Check Out This Fine Uber-private Lot! Over 1.7 Ac Lush Vegetation, Big Trees, Basically Natural Paradise. Backs To Year-round Indian Creek. Room For Dwelling, Toys, Boats, Trailers, Sheds, Storage, Workshop, ...

E-Team Austin Realty
Photo of Listing #4407766

710 E Dean Keeton St #209 Austin,TX $180,000

Residential, Condo
  • 1 Bed
  • 1 Bath
  • 400 SQFT
  • 11 DOM
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Must-see Condo Across From Ut Law School. Peaceful Corner Unit On 2nd Story With Covered Balcony Overlooking Waller Creek And Abundant Foliage. Well Laid Out With Areas For Living, Dining, Sleeping, Plus Galley Kitchen & Ample Walk-in Closet. Incl...

Spencer Properties

2018 W Rundberg Ln #10b Austin,TX $183,000

Residential, Condo
  • 2 Beds
  • 3 Baths
  • 1,105 SQFT
  • 9 DOM
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This Gated Townhome Is In Wonderful Location Minutes To The Domain And Wonderful Restaurants. You Will Enjoy The Home And Location.

JB Goodwin, REALTORS
Photo of Listing #7341103

5820 Berkman Dr #206 Austin,TX $183,500

Residential, Condo
  • 1 Bed
  • 1 Bath
  • 633 SQFT
  • 90 DOM
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Just Reduced! Cozy Windsor Park Treehouse Condo! Gated Community Experienced A To-the-studs Remodel. This Unit Features Granite Counters, Ss Appliances, Gleaming Hardwood Flooring, In-unit Washer And Dryer, 1 Parking Spot. This Unit Also Has Un...

DIGNIFIED DWELLINGS REALTY
Photo of Listing #4334170

4809 Misty Slope Ln Austin,TX $184,900

Residential, Condo
  • 2 Beds
  • 2 Baths
  • 1,226 SQFT
  • 27 DOM
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Nicely Remodeled Townhome Nestled In Beautiful South Austin. Granite, Upper Deck Overlooking Greenbelt. Too Many Upgrades To List. Hurry, It Won't Last Long.refrigerator Washer And Dryer Are Negotiable.

Keller Williams Realty
Photo of Listing #4518968

5207 Village Path Austin,TX $185,000

Residential, House
  • 3 Beds
  • 2 Baths
  • 1,115 SQFT
  • 87 DOM
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Single Story Located On Cul De Sac. 3 Bed & 2 Bath W/ New Dishwasher And New Roof 2019.

eXp Realty LLC
Photo of Listing #6603208

2514 Thornton Rd #11 Austin,TX $185,000

Residential, Condo
  • 1 Bed
  • 1 Bath
  • 508 SQFT
  • 62 DOM
View details More Photos Save

Amazing 78704 Sola Condominium: Features Located On The First Floor, No Steps, Corner Unit. Open Floor Plan Kitchen With A Breakfast Bar, Stainless Steel Appliances, Granite Counters, And Track Lighting. Breakfast Area / Dining Room. Living Area W...

JBG Westlake
Photo of Listing #4126891

12225 Abbey Glen Ln Austin,TX $185,000

Residential, Condo
  • 2 Beds
  • 3 Baths
  • 1,136 SQFT
  • 5 DOM
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Two Story Townhome In Gated Community Featuring An Open Floor Plan, High Ceilings, 2 Master Bedrooms, And 2.5 Baths. Updated Appliances In The Kitchen Include Stainless Steel Range, Microwave, Dishwasher, Refrigerator And New Sink/faucet To Match....

KW-Austin Portfolio RealEstate
Photo of Listing #1105585

5703 Pino Ln Austin,TX $185,000

Residential, House
  • 3 Beds
  • 2 Baths
  • 1,286 SQFT
  • 3 DOM
View details More Photos Save

Come See This Awesome As Is Home. Bring Your Tool Belt And Imagination! 4 Bedroom 2 Full Baths & 2 Car Garage. Home Has 1286 Sq. Ft And Vinyl Siding. Perfect Flip Home In Great Location And Easy Access To I-35. Good Size Yard Too! Come See The Po...

Coldwell Banker United REALTOR
Photo of Listing #8056758

7801 Shoal Creek Blvd #254 Austin,TX $187,500

Residential, Condo
  • 2 Beds
  • 1 Baths
  • 789 SQFT
  • 79 DOM
View details More Photos Save

Heart Of Allandale /shoal Creek 2/1 Condo Top Floor End Unit Overlooking Shoal Creek. Common Laundry Room At Foot Of Steps. Complex Pool, 2 Parking Spaces. New Range, Fresh Paint, No Carpet. Beck Mgmt Says 66% Owner Occupied. One Block To Shopp...

JB Goodwin, REALTORS
Photo of Listing #8347139

1146 Richardine Ave Austin,TX $188,500

Residential, House
  • 3 Beds
  • 1 Baths
  • 748 SQFT
  • 143 DOM
View details More Photos Save

Being Sold As-is. Incredible Opportunity For An Investor / Builder Looking To Tear Down And Build A New Home Or Remodel The Existing Property. Great Lot And Endless Possibilities For Your Custom Home! Super Location In Bustling East Austin And Clo...

Luisa Mauro Real Estate
Photo of Listing #8232075

6810 Hillcroft Dr Austin,TX $189,000

Residential, House
  • 3 Beds
  • 2 Baths
  • 1,127 SQFT
View details More Photos Save

Fixer Upper! 3/2 In North East Austin. Great Bones And Minor Updating Complete. New Hvac And New Roof. New Back Windows And Back Hardi Board Replaced. Foundation Repair Needed. As Is Sale.

Compass RE Texas, LLC

3406 Etheredge Dr Austin,TX $189,000

Residential, House
  • 3 Beds
  • 2 Baths
  • 1,436 SQFT
  • 27 DOM
View details More Photos Save

This Adorable 3 Bedroom/2 Bathroom Home Has A Great Floorplan. The Home Has Upgraded Flooring, A Second Living Room Area Which Makes A Great Study/game Room. Large Master Has Garden Tub, Separate Shower And Walk In Closet. Home Is In Excellent Co...

United Real Estate Austin
Photo of Listing #4435675

3109 Caleb Dr Austin,TX $189,500

Residential, House
  • 3 Beds
  • 2 Baths
  • 1,371 SQFT
  • 24 DOM
View details More Photos Save

Greatest Opportunity In The Entire Area! Perfect Starter Home Or Investment Property. Very Well Laid Out And Open 3 Bedroom, 2 Bath Floor Plan. Large Living Area And Spacious Kitchen And Breakfast Area. Central Location To Downtown, N., Or S. Aust...

Keller Williams Realty

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