Source: Insider —
Austin real-estate investor John Crenshaw said he only worked for someone else once.
For a brief spell, when he was 17 years old, he worked at a branch of H-E-B, the popular Texas grocery store. After that, he turned his passion for gaming into a successful resale business by fixing up and reselling broken Xbox and Playstation consoles.
Now 27, Crenshaw has refocused his efforts from video games to real estate. Last year, the young investor acquired seven properties around Austin — primarily in Killeen, a fast-growing northern suburb. He renovated and sold a few houses for a profit and then held the rest as cash-flowing rentals. Crenshaw has gained enough experience and earned enough return on his investment flipping houses to start tackling an $800,000 new-home construction project in a nearby area called Harker Heights.
After a dramatic bull run during the pandemic, the Austin market is finally starting to cool off. However, despite home prices dipping from their 2022 peak, homebuying in the Texas capital continues to be competitive and especially challenging for shoppers on a tight budget. For this reason, Crenshaw sees a lot of opportunity in nearby San Antonio for newbies and experienced investors alike.
It’s close to Austin
