Things to Know
Lake LBJ History
Lake LBJ is named after the 36th president of the United States, Lyndon B Johnson. He received this honor due to his contributions as a senator and congressman in the development of the lake. President Johnson was local to the area. He was a native Texas, born in Stonewall, TX and passed away in Johnson City, TX. He had a ranch on the lake, where he would entertain high-ranking officials during his presidency.
Fun Fact:
Before the lake was renamed Lake LBJ, it was originally named Lake Granite Shoals.
This lake is a reservoir on the Colorado River in the Highland Lakes chain of lakes. It’s about an hour west of Austin and an hour north of San Antonio. What makes Lake LBJ, Lake Marble Falls, and Inks Lake stand out in comparison to other nearby lakes is because the water levels stay near constant all year long. This steady state of the water level helps preserve waterfront values in bear markets and perform well in balanced and bull markets.
This is one of many reasons why we have chosen to specialize our services to Lake LBJ, Lake Marble Falls, and Inks Lake. We believe these lakes are worth checking out and considering for a full-time home, retirement home, short-term rental, or vacation home.
Let us show you everything beautiful the Lake has to offer.
Things To Know
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LCRA - The Lower Colorado River Authority exists to serve the people of Texas. It’s been that way since the state Legislature created it in 1934. They manage the lower 600 miles of the Colorado River and are a primary wholesale provider of electricity. LCRA Transmission Services Corporation is one of the largest transmission providers in Texas and they own or operate more than 40 beautiful parks.
LCRA’s On-Site Sewage Facilities Program includes the inspection and permitting of OSSF systems near the Highland Lakes to help protect water quality.
LCRA regulates boat docks on lakes Buchanan, Inks, LBJ, Marble Falls and Travis. Docks must meet the Safety Standards for Residential Docks on the Highland Lakes for dock flotation, lighting, anchoring and maximum distances from shore.
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FEMA - Stands for Federal Emergency Management Agency is a government agency focused on helping people before, during and after disasters. In terms of real estate, FEMA helps us know if a property is in or out of the floodplain. Our clients can then determine the risks involved in purchasing a particular piece of real estate at the lake.
Here is a link to search for an address on FEMA’s website.
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Opportunity Zones - Taxpayers who invest in Qualified Opportunity Zone property through a Qualified Opportunity Fund can temporarily defer tax on the amount of eligible gains they invest. Opportunity Zones are an economic development tool that allows people to invest in distressed areas in the United States. Their purpose is to spur economic growth and job creation in low-income communities while providing tax benefits to investors.
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DSCR - This stands for debt service coverage ratio and is a loan option. The DSCR measures a property's available cash flow to pay current debt obligations. The DSCR shows investors and lenders whether a lake house property has enough income to pay its debts. The ratio is calculated by dividing net operating income by debt service, including principal and interest. One of the advantages in going this route for a loan is that you do not have to be approved for the loan with DTI (debt to income) ratio, which is based on your personal income.
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AirDNA - Short-term rental data website. It helps look up short-term rental comps in the area you are looking to purchase.
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Rentometer - Rentometer is an easy way to find rental comps for your property. This is typically for long-term rents.