House hacking in Austin , TX

[Sergey Vasylkov]

Hello my BP friends,

I am new to RE investing. I am in South Austin area, been here 5 years, planing to stay here and want invest in RE . Looking to find duplex, so I can house hacking.

Since i dont have 20% looks like its only option I have , which is I am ok.

I need create a cash flow. My goal is quit my job in 5 years. Working 9 to 9 pm job, not much time .

Is anybody has any  thoughts, who done  this before?

What should I look for?

What i have to be ready for?

I listening all podcast and webinar, ready to get it to the game.

Please open to any advice , suggestions.

Thanks you an advance,

Sergey

[Lynn Currie]

@Sergey Vasylkov

The best ROI house hacking model I've seen in Austin is to buy a house with multiple rooms and rent by the room. If you don't want to live in that environment, you might want to find a small apartment for you to live in and buy a house to rent the rooms to others. I know a couple of folks that are doing it with 4 bedroom houses.