Downtown Austin's 78701 was ground zero for the tech-fueled luxury condo boom. High-rises along Rainey Street and Congress Avenue delivered thousands of units at $500K-$1.2M between 2020-2023. Many were purchased by tech workers with stock-based compensation that has since declined 40-60%. Others were bought as Airbnb investments that now face city-enforced STR restrictions and occupancy declines. The result: a growing wave of underwater condo owners entering pre-foreclosure. These are sophisticated sellers who want a clean, professional exit — the AI's tone, speed, and multi-option approach (subject-to, assumption, seller carry) matches their expectations exactly.
Don't let another investor beat you to 78701 — Downtown Austin / Rainey Street's distressed properties. AI calls first.