I am 23 y/o and looking to move to Austin Texas in 2022 and live in my own property. However, I am exploring the idea of buying a house now and have it managed by a property manager and rent it out until I go there myself. How viable is this idea? Has anybody done a similar move that can share any tips/ideas with me?
Much appreciated guys 🙂
It’s a viable idea for sure. I will say the market is really hot in Austin right now, so it’ll be hard to cash flow unless you buy off market.
You might just wait until 2022 and try to house hack something with an FHA loan. Of course, the market could stay this hot and the FHA loan would be obsolete because it'd be hard to compete.
let me know if you want to talk more!
@Borna Dastani - I am currently in the process of buying a duplex out of state. It has been going well so far. Fingers crossed.
Best of luck!!
@Borna Dastani good luck with your REI journey!