Sorry for the lack of posting, but my contributors are busy doin’ their jobs, and I’ve been wall to wall while simultaneously tryin’ to get outa Dodge. Meanwhile, I’m in Texas, specifically the Round Rock area of Austin. Hot. Tomorrow I’ll be a busy BawldGuy.
First off is a proposed project in the Austin area — give or take Round Rock. I’m jazzed cuz the rents in that part of Texas have been goin’ off the charts in the last year or so. Depending on the neighborhood, 10-15% increase and more, year over year. Frankly, rents are increasing all over Texas, but the rental markets in the Dallas/Fort Worth MetroPlex, Austin, and San Antonio stand out. Which, of course, is why I’m here. 
I’ll let you know what I saw, and my opinion of any projects worth talkin’ about.
Kinda sorta segue
BiggerPockets blog just published a post I wrote this week about an ongoing case study. It takes on the issue of 401k’s and IRA’s vs puttin’ your hard won capital to work in vehicles that have a far better performance record. I think you’ll be happy you read it.
If you retired today, and wished to put your retirement nest egg into something conservative and reliable, say a 10 year bond, read on. Today’s rate closed lower than 3%. In other words, if you’d managed to put away $1 Million in your qualified retirement plan, 401k/IRA, you’d be retiring on less than $30,000 a year — before state/fed taxes. Still think that ‘impressive’ company match you’re so impressed with is gonna make the difference for ya?
Think again.
Tomorrow my lunch will be paid for by my favorite Texas lender, Chad Emerson. Back around the first of the year, we disagreed on the direction of interest rates, especially for the period ending Memorial Day. I bet him a meal that investor rates for 1-4 unit properties would hit 6% by then. He was convinced otherwise. We’re both glad I won, considering the results, but I’m no doubt a bit happier.
Ironically, and when it happens is anyone’s guess, I now believe rates will bounce along their bottom for a short while (Month or two?) — then begin their journey upward. Once that happens in earnest, I suspect they won’t revisit today’s rates soon. Hope I’m the one who’s wrong this time, but I don’t think so.
I’m still answering my phone, even though my boots are on Texas soil. So gimme a call, OK? I still need my daily fix. 619 889-7100 will find me. Have a good one.
Related posts:
- What’s Up In Texas? We Are — It’s Boots On The Ground Time Again + A Seminar
- It’s Boots On The Ground Time – Some Thoughts On Theory VS Analysis
- Real Estate Investors – Boots On the Ground Yield Best Data
- Benefits Of Boots On The Ground — Playing Hide The Pea
- Real Estate Investors — Boots On the Ground Is Vastly Superior to Most Internet Data
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