Austin Texas Real Estate Market
I’m thinking to start my Real Estate investing journey in Austin Texas through a house hack. I wanted to get on here and see some reactions and thoughts around the Real Estate Market in Austin in regards to if this would be feasible in the price range of $200-300k for a 3 bedroom home. If not, what are some strategies to enter into the Austin market through a house hack and what areas of Austin would be best to look at in this price range that aren’t too far away from the city itself. Also I need the house to be move in ready without having to complete any major projects/renovations. Let me know what you guys think, thanks!
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@Grayson Muehlstein House hacking is a great way to start that REI journey. Austin-Round Rock MSA's median sales price for January was 365k, and that number only seems to be going up. That would definitely be something to consider for your hunt for a home. Moreover, so many (almost all, it seems) of these houses are being overbid by crazy amounts, anywhere from 30k to 100k or even more. If you go further away from Austin, the prices dip down slightly, but even still the market is hot there as well. Places like Buda, Kyle, Manor, and Hutto are some options you could check out.