House Hacking in A New State
I am looking to House Hack a duplex in Texas. Putting 3.5-5% down, live in one unit, and rent out the second.
I currently reside in New York City. I freelance as a gaffer in the film industry and also work as lighting technician at a rental house.
My question is:
Will the lender still approve my loan for a property in Texas, with past income made in New York? Or will I need to develop a track record of income in Texas and rent myself for a year before buying?
This is my first investment and I see there is a lot of population growth in Austin, Texas.