INVEST IN RESIDENTIAL INCOME PROPERTY

Updated 7/16/2007

BUY in AUSTIN, Texas.  New homes from the builder are $150k-$300k, for 1600-3200 sq.ft. homes. 
Read below under the Where to invest link.

  Houses are still renting out easily in the NW Austin area.  Prices are still affordable... I think right now,  buying a Newmark home in Pioneer Crossing, which is just 10 miles from downtown Austin and right by the new Samsung building (with lots and lots of Korean workers who need to rent a house for 2 years) is the best deal.  How does a 2,970 sq.ft., 5 bedroom house, sound for... (drum roll please) $220,000?  I BOUGHT TWO.

I'm a broker in Texas, so if you're interested in purchasing a new home in the Austin area, I can identify and help you choose the perfect investment property!

An alternative, if you don't want to deal with Property Managers or tenants, is to invest in a Tenant In Common opportunity that pays 6-7% on your investment, plus, your equity in your share of the property grows just like any other physical property.  This is an easy way to divest your portfolio and invest in commercial real estate (like strip malls, business centers, apartment complexes, etc.).  Go to:  TIC Investments for more information.

This site is dedicated to provide you with information about buying residential income property.  Specifically, brand new homes from the builder in up and coming communities throughout the United States.

My name is Terri Linzmeier.  My husband, Mark, and I own a real estate Brokerage, Select Homes Real Estate & Property Management, in South Orange County, California.  In addition to running a discount realty brokerage here in California, we have invested in new, single family residences.

To date, we have purchased property in Nevada, California, Arizona, Florida and Texas.  We are currently considering buying new home builds in North Carolina, New Mexico, Utah and possibly Georgia.  When we find an area to invest in that we consider a fabulous deal (and an area that we have personally invested in), we encourage friends and clients to buy income property there as well.

Because there is so much information, I'll break it down into separate pages.  Please click on the pages below to go to different topics.

Our investment strategy

Where to invest - Right now, we HIGHLY recommend Austin, Texas (not Dallas, not Houston...)

Buying a new home from the builder

Tenants

Property Management

Never pay capital gains tax - 1031 Exchanges

Depreciation is your friend

Leveraging your money (it's a beautiful thing!)

Tenants in common - TIC Investments

Excel Spreadsheet
Investment Property Analysis worksheet
(note: you must have Excel on your computer to open this)

When To Sell

Miscellaneous - And recent remarks by Suze Orman

We believe that if YOU invest in residential income property and buy just one house per year, in ten years you'll own 10 houses across the United States (and heck, why not buy in Mexico or Central America?) which have appreciated in value, and you'll have a guaranteed retirement income.

 For more information, contact Terri Linzmeier at e-mail:  SelectHomes@cox.net


Lisa Hannegan, Realtor, (left).
That's me, Terri Linzmeier, in the Center. 
Liz Montoya, Office Manager (right).

Our other sites:  http://www.terrilinzmeier.com, http://www.thishouseforlease.com, http://bigbearcabinvacationrental.com, http:www.cotodecazadiscountrealestate.com, http://www.selectrancho.com, http://www.selecthomesrealestate.com , http://www.orangecountydiscountrealestate.com  
oliverlinzmeier