Here's What You Need to Know About Investing in Augusta GA

In this episode, Tyson Schuetze & Ryan Widener from Auben Realty tell us what we should know about investing in the Augusta GA market. Learn about the particularities of the market, from both the real estate agent and property management perspective. Learn about the return metrics, who you are competing with and what makes this market special. Augusta Presentation Link: https://drive.google.com/file/d/1kLKtIshCvtPXbDgKKC7neH5zsmU72tT8/view?usp=sharing --- Before we jump into the episode, here's a quick disclaimer about our content. The remote real estate investor podcast is for informational purposes only and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals. Pierre: Hey Everyone, welcome to the remote real estate investor podcast. Today we have host Tom Schneider and Mark woodling, covering the real estate markets of Augusta, Georgia and South Carolina. Today we brought in two experts Auben Realty’s, Ryan Weidner and company founder Tyson Schuetzy. And they're going to be speaking to us about the markets from a real estate agent and property management perspective. So let's jump into the episode.   Tom: Tyson and Ryan, welcome to the remote real estate investor. Great to have you guys on.   Tyson: Thank you for having us. We appreciate it.   Tom: Yeah, so we got a lot of great stuff to cover today, talking about the market. But let's go ahead and begin let's talk about a little bit about your experience, experience as an investor, as a property manager, as an agent, all that good stuff and how you guys got into it? Sure.   Tyson: Well, I started off in in 2009, originally got into real estate around 2006, I was living in New York City and trying to get into investing there working as an agent. And one of the things I realized was the the market was going to be a tough nut to crack, you know, the minimum sort of cost of entry to get into any rental property was a million dollars. And so I was really struggling trying to figure out how I could become an investor and start investing in real estate.   And started actually investing in Syracuse, New York, it was one of the closest markets that I could find where I could find the the yields that I want the cap rates, good cash flow. But it was also a five hour drive further north. And I didn't feel like Syracuse had the best market dynamics in terms of future growth, job growth. It wasn't number one on the radar for where people were moving, you know, when everything I was hearing was about sort of Southeast and southwest migration.   So long story short, I had a friend who was a successful apartment complex owner investor in Augusta, Georgia, and offered me the opportunity to come down here and learn underneath him for a couple years. And so I moved down here, didn't know if I was going to be here, you know, a couple months, couple years, and ultimately really sort of fell in love with the market and the potential. And so that was in 2006. And so I was kind of practicing my craft primarily flipping houses initially, because this was the glory days when everybody was a genius. And you could slap a coat of paint on the house and sell for $10,000 more 2008 rolled around, and there was a kind of rude awakening of what we were going to do next. And what I was going to do next.   I was fortunate enough that most of my flips, were an entry level price points. And so I was able to transition them into rental properties.   Tom: Did you have that in mind? I'm curious in doing your flips, you know, I've heard that story from a couple of people where you know, the roof falls out from pricing. Did you have that in mind going into like your flip business like that this could transition? Or was it just sort of organic as the the