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Buying & Selling Real Estate

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Jim Piety
Pro Member
  • Rental Property Investor
  • Austin, TX
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87
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Trying to buy a primary residence and investment property

Jim Piety
Pro Member
  • Rental Property Investor
  • Austin, TX
Posted Jan 14 2021, 10:00

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!

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