Buying & Selling Real Estate Discussion

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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
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Tell me why I shouldn't continue to househack in Austin

Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
Posted Jun 3 2022, 08:11

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.

Austin, Texas

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Karl McGarvey
  • Real Estate Agent
  • Galveston, TX
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Karl McGarvey
  • Real Estate Agent
  • Galveston, TX
Replied Jun 3 2022, 11:17

Why not stop with the FHA and just do conventional? Spending a lot of money on refinancing when you could just do a 5% down conventional loan with no refi needed after 12 months.