Austin Hard Money Lender
Longleaf Lending is a Texas-based, local hard money lender serving real estate investors in Austin, Texas. We offer fix and flip, new construction, long-term rental, and multi- family bridge loans for investment property in Austin, TX.
Is Austin Tx a good place to invest in real estate?
Check out our in-depth post about investing in Austin real estate in 2023.
Austin, located in Central Texas and the Texas Hill County, is the capital and fourth largest city in Texas.
The Austin metropolitan area has an estimated population of over 2.2 million people and is one of the fastest growing large metropolitan areas in the United States.
Austin is primarily situated in Travis County but also extends into Hays and Williamson Counties. The city is known as the “Live Music Capital of the World”, as the city is home to many live music venues and events including South by Southwest and Austin City Limits.
Austin’s economy has evolved from a government and education to a high-tech center. Top companies with headquarters or regional offices in Austin including: 3M, Advanced Micro Devices, Amazon, Apple, Facebook, Google, Cisco Systems, Texas Instruments, Oracle, Whole Foods, Tito’s Vodka, Yeti and Dell. Given its reputation as a tech hub, Austin has been nicknamed “Silicon Hills”.
Since 2020, several companies have announced moves or expansions to the Austin area including Tesla, Airtable and Oracle.
Quick Glance: Real Estate Investment in Austin
|Median Sale Price||$533,370|
|Median Days on Market||64|
|Median rent (1BR)||$1,674|
|Median rent (2BR)||$2,100|
Best Areas in Austin to Invest in Real Estate
- North Austin: It is home to IBM’s huge Broadmoor campus. The zone debuted Austin’s first major league sports stadium, the Q2 Stadium, in 2021. And now, the Uptown ATX project is underway — a $3 billion, 66-acre expansion to the second downtown area.
- Taylor: Samsung recently announced their plans to build a $17 billion semiconductor facility in Taylor, which would be the largest Samsung investment in the U.S. to date.
This new project is expected to create over 2,000 specialized tech jobs and thousands more non-tech jobs. Samsung also has pledged to help finance a Samsung Skills Center for the local school district.
- Cedar Park: It’s a quick 20-minute drive to Apple’s new $1 billion campus. This year, the campus is expected to house 5,000 employees, with the potential to triple in size.
See more in our article How to Buy Investment Property in 2023.