Trying to buy a primary residence and investment property
I am looking for some help to make a decision on my next purchase. I live in the Austin suburbs but in July, I will have to begin going to the office again. Rather than suffer through insufferable traffic/commute times, I'm considering buying a home closer to the city.
With the appreciation in Austin, that seems like a positive decision. What could go wrong?
However, I also want to invest in cash flowing properties and don't want to dump all of my cash into one appreciating property. So the trick seems to be finding a property that I can afford AND leaves me enough cash to also invest into a second property.
My question is would you approach this differently? Am I thinking about this in the right way or is there something that I am missing?
Thanks!