Tell me why I shouldn't continue to househack in Austin
I'm doing a refinance on my househack in South Austin right now. The rate will go from 2.5% to 4.125%. My mortgage payment will go up but I'll have the ability to use an FHA mortgage again to buy another househack at 3.5% down.
My thought process for doing this, and I've done it before, is that I can acquire more property in Austin. I want more property, specifically in Austin, because of appreciation, loan paydown and tax benefits. I'll also cashflow a little bit but of course this is diminished because my mortgage payment will go up.
I can't think of a better use of my down payment money or time, as I have to live somewhere and in this case I can make an asset out of it.
What reasons do you see for not continuing to househack? This is my 4th I've done.
