Austin, TX
Texas women say ‘houses before spouses’ after buying properties together; real estate expert weighs in
In a wide-ranging interview on ‘Cavuto: Coast to Coast,’ The Corcoran Group founder and ‘Shark Tank’ star Barbara Corcoran addresses market trends and challenges in real estate.
Two friends are taking on the challenge many young adults have faced — purchasing their first home — and attempting to squash the struggle.
Kristina Modares and Stephanie Douglass are co-founders of Open House in Austin, Texas. They work to help people purchase their first home — with friends.
The pair, who originally met through social media in 2016, said they started purchasing homes together years ago in an effort to make ends meet and build equity, they told SWNS.
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“People are shocked about buying with friends, but I think in the next five years it will be normal,” Modares predicted.
Douglass said she started her career as an elementary school teacher. She purchased her first property, a $305,000 home in Austin, Texas, with a friend in 2018 after she was turned down for a loan.
Two friends said they bought their first house together (not pictured) as an investment — and didn’t feel the need to wait until they had spouses to begin purchasing property. (iStock / iStock)
Today, after renovating and renting out the property, she said she nets $2,000 a month from the rent.
Modares purchased her first property, a $130,000 triplex in San Antonio, Texas, with a friend in 2017 after putting a 20% deposit down and splitting the rest equally.
The pair then sold their property over a year ago for $200,000.
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“If you partner with someone, it’s the easiest way to get in and get started,” Modares told SWNS after revealing that she was living on $20,000 a year when she first moved to Austin in her early 20s.
After meeting through Instagram, the pair, now in their mid-30s, became friends and bought their first property together in 2018 — a $240,000 commercial space.
Kristina Modares, left, and Stephanie Douglass, right, met over social media and became fast friends after realizing their views on purchasing homes at a young age were aligned. (Open House Austin / Fox News)
In 2019, the two started a real estate business to help others purchase their first home in an unconventional way as well.
Since then, Douglass and Modares have purchased another home with a third friend for $155,000; a lake house with a third friend with a purchase price of $475,000; and a house with three other people costing $775,000, per SWNS.
“For women in their 20s, it’s common to hear, ‘I’m waiting until I get married to buy a house.’”
With multiple properties tied to their name, the pair said they didn’t feel the need to wait to purchase a home until they found a spouse — something they said is still often heard today.
“For women in their 20s, it’s common to hear, ‘I’m waiting until I get married to buy a house,’” Douglass said.
The pair started their own company to help young adults purchase homes in Austin, Texas. (Open House Austin / Fox News)
“Our mission,” said Douglass, “is to remove those barriers and make it feel possible for women to own homes before they’re partnered — to look at it as more of an investment.”
Together, the pair told Fox News Digital they now own over 20 properties together, each with shared mortgages.
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When asked if they’ve ever run into any disagreements or issues while owning properties together, Douglass said that most of their experiences have been “positive and fruitful.”
Still, they advised anyone else who might be looking to purchase a property with a friend to be cautious.
“You definitely want to be sure that the friends you’re partnering with are responsible and clear communicators,” Douglass noted.
Today, the pair said they’ve helped over 100 people a year purchase homes — and within the last year, 30% of those purchases were done with friends. (Open House Austin / Fox News)
She added, “Credit score is a factor, and so is financial position, cash reserves and buying power. All of this needs to be out on the table before an operating agreement is signed, and especially before a property is bought together.”
Important considerations
Rogers Healy, owner and CEO of Rogers Healy and Associates Real Estate based in Dallas, Texas, told FOX Business that although “the idea of co-owning a home with individuals outside your family or spouse may seem like an enticing offer,” he recommends considering three scenarios.
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First, he said it’s important to understand that purchasing a home with others may mean that you could be financially vulnerable.
“Varied financial circumstances, spending habits and unforeseen expenses may strain relationships and jeopardize the stability of the investment,” he said.
Purchasing a home with others may mean that you could be financially vulnerable, said one real estate professional.
Additionally, he said, “Without clear contractual terms, disagreements over property management, expenses or future decisions may escalate into legal conflicts, leading to further costs.”
He also noted that “conflicting preferences regarding property usage, maintenance or investment strategies can result in conflict and decision-making.”
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Modares said she is seeing more and more buyers purchase homes with friends.
“People are realizing that buying with a friend is possible and is actually not that different from buying with a romantic partner or family member,” she said.
Two women started a real estate business on the basis of “houses before spouses.” It’s an effort to teach young people how to purchase homes without a romantic partner or spouse — but maybe with a friend. (Open House Austin/iStock / iStock)
She added, “Just because you’re not married doesn’t mean you have to wait to buy a house!”
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Since the start of Open House in 2019, Douglass said the pair have helped roughly 100 people purchase homes each year — and about 30% of them were purchased with friends in the past year.
For more Lifestyle articles, visit www.foxbusiness.com/lifestyle.
Austin, TX
Flesh-eating screwworm may be moving closer to Texas on its own, ag commissioner says
AUSTIN, Texas – A Texas agency is concerned that the flesh-eating New World screwworm could be getting closer to Texas without commercial livestock movement.
Texas Agriculture Commissioner Sid Miller is sounding the alarm again for livestock owners to remain vigilant in watching for signs of the parasite in their animals.
Screwworm sighting near Texas
The latest:
Miller said in a Thursday release that a screwworm had been detected in a cow in González, Tamaulipas, a little more than 200 miles from the southern Texas border.
According to the commissioner, the cow had no reported history of movement outside Tamaulipas, and is the third active case reported there.
Officials in Mexico have not reported a known population of the worm in Tamaulipas. They’re working with U.S. authorities to investigate further into the new case.
What they’re saying:
“The screwworm now may be moving closer on its own, with no apparent link to commercial animal movement,” Commissioner Miller said. “Texas producers must act now—stay informed, stay vigilant, and prepare immediately. We cannot drop our guard for even a moment.”
Inspect livestock for screwworm
What you can do:
Miller urged immediate action from ranchers along the Texas border.
“Inspect your animals daily,” Miller said. “Check every open wound. If anything looks suspicious, report it right away. Better a false alarm than a delayed response—early detection and rapid reporting are our strongest defenses against this devastating pest.”
U.S. plan to fight screwworm in Texas
Big picture view:
The threat to cattle has been deemed so potentially devastating to the U.S. food supply that the federal government is committing $850 million to fight it.
Most of that money will be spent on building a sterile male fly production facility near the border.
The facility will produce 300 million sterile male flies a week to be dropped into target areas where the screwworm is now. Those male flies help to reduce the population size through mating without reproducing.
A much smaller portion of the funding will be used for screwworm detection technology.
In addition, the federal government has already spent $21 million on a sterile fly production facility in Mexico.
What are New World screwworms?
Dig deeper:
The insect gets its name because it’s only found in the Americas.
It lays its eggs in the open wounds of animals, and its larvae become parasites, threatening livestock, domestic animals, and even people.
The screwworm was mostly eradicated in Texas and the rest of the United States in the 60s. But now, it’s moving north up from Panama and has a known presence a little over 300 miles south of the Texas-Mexico border.
The Source: Information in this article comes from Sid Miller.
Austin, TX
LD Systems expands Texas Footprint with Austin Location and welcomes ILIOS Productions — TPi
For over two decades, ILIOS Productions has been a key part of the live events community in Austin, TX, transforming spaces and audience experiences with a vast range of lighting and video design, as well as event production services across a diverse client portfolio. Now, with the backing of parent company Clair Global, LD Systems, a Houston-based premier provider of audio, video, and lighting for event production and installed technology solutions, is welcoming ILIOS Productions to the team, marking the group’s fourth location in Texas. ILIOS Productions will now operate under the LD Systems brand.
LD Systems will further resource ILIOS’ existing Austin operation to include additional services such as audio and rigging for live events, as well as integration solutions and services. This addition helps round out LD Systems’ ability to locally serve major metropolitan areas across Texas, including Houston, San Antonio, Dallas-Fort Worth, and Austin and reflects Clair Global’s continued focus on offering global resources while maintaining strong local-market expertise and responsiveness.
ILIOS Productions’ experience spans the concert and festival sector, corporate and activations, and high-end private, philanthropic and charitable events. The company’s commitment to critical event delivery has established trust with major brands including Lollapalooza, SXSW, Austin City Limits, Google, YouTube, the University of Texas System and many more.
Founder, President & Sr Ops Manager of ILIOS Productions, Bryan Azar, said: “After many years of working alongside LD Systems in Austin and beyond, we are delighted to be joining their world-class organisation. This is an exciting new chapter for a bolder future together.”
Zach Boswell, General Manager, ILIOS Productions, added: “We are passionate about the work we do, and the community and business culture found at LD Systems is the ideal next step for our dedicated employees to progress as a united workforce.“
LD Systems co-founder and President, Rob McKinley commented: “We are delighted to amplify our service offerings in Austin with the addition of Bryan and his exceptional team of technology professionals. They have made a significant difference to many Texans with the work they undertake, and LD Systems is proud to welcome both their talent and ethos to the company.”
Building on this momentum, LD Systems also announced plans to expand its San Antonio facility into a new location in January 2026. Together with the addition of ILIOS Productions in Austin, this investment reinforces the organisation’s long-term investment in Texas and its dedication to meeting growing client demand with enhanced capacity and infrastructure.
www.ldsystems.com
Austin, TX
Austin airport one step closer to major expansion that will add 32 new gates
AUSTIN, Texas — Austin-Bergstrom International Airport is one step closer to getting a major makeover after finalizing lease agreements with airlines that will support future renovations, including the addition of 32 new gates.
The airport on Wednesday announced the completion of Airline Use and Lease Agreements and Signatory Cargo Agreements with several major airlines and cargo companies, including Southwest Airlines, Delta Air Lines, United Airlines, American Airlines, Alaska Airlines, FedEx and UPS.
According to a press release from the airport, the use-and-lease agreements allow companies to commit funding to the project through rent and fees “generated under the agreements’ cost-recovery structure, supporting the airport’s ability to deliver projects that expand capacity, strengthen resiliency, and improve the passenger experience.”
The agreements will support the following projects at Austin-Bergstrom over the next 10 years:
- The addition of Concourse B, which will add 26 new gates, including 18 for Southwest Airlines and five with United Airlines.
- Concourse M, adding six new gates, a bus to transport travelers to and from the Barbara Jordan Terminal, new concessions, restrooms and passenger amenities.
- Enhanced seating and amenities, increased space and modernized concessions in Concourse A (home to all international flights). Delta Air Lines will have 15 gates, American Airlines will have nine, Alaska Airlines will have one and there will be eight common-use gates.
- Updates to HVAC systems, electrical system, IT and telecommunications, storm drainage, water quality and de-icing infrastructure.
In a statement, District 2 Councilmember Vanessa Fuentes applauded the future job creation that’s to come out of the project.
“This expansion program represents a tremendous economic opportunity for Austin—not only through the trades and construction jobs created during the buildout, but also through long-term jobs in concessions, airport operations, and airline services after the program is complete,” Fuentes said.
“This agreement reflects years of partnership, thoughtful negotiations, and shared vision with our airline partners. Their commitment provides the financial foundation we need to modernize our facilities, transform customer experience, and build the infrastructure needed to support Central Texas’ continued growth for generations to come. AUS would not be where it is today without the collaboration and investment of our airlines, and we are deeply grateful for their trust and partnership as we shape the future of air travel in Central Texas,” said Ghizlane Badawi, CEO of Austin-Bergstrom International Airport.
The final cost of the project is still under development, but is anticipated to grow from an estimated $4 billion to $5 billion. According to the airport, funding sources include airport cash reserves, airport revenues, bond proceeds and grants from the Federal Aviation Administration.
“No local Austin taxpayer dollars are used to fund the airport’s expansion program,” the release said.
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