Hi, so I am super duper new to this and would like to purchase my first property ever at the end of this year. I currently live in Houston, but not biggest the fan of the area and find the risk of investment high in this area due to flood. I would like to move to the Austin area and I was wondering in your opinion which area is the best area to purchase houses whether single-family or duplex? I sincerely appreciate your help! P.S: my budget for intial investment is about $60k.
Is $60K your down payment budget as you won't find much for $60K sales price in Austin. SFR vs duplex has different pros and cons. I can give you more details if you PM me
Thanks for your response to my post. I should clarify that my down payment would be around $60k.
@Amin Jalalzadeh Austin is a great market. i here prices are really high there. like @Neil Narayan said there are pros and cons to either strategy, but generally ive found that in Houston, SFR's are great for appreciation and MF's are great for cashflow. Both have headaches but its more about what your end goal and life situation is
I've been searching MF's (good deal) in Harris and Montgomery county every day during my lunchtime and right before bed but I have found nothing that would provide cash flow (all that I've seen are already fixed and expensive). I've bee looking in the free MLS sites (HAR, Realtor.com, Zillo, etc) and also in FSBO sites oh an also Craiglist and nothing.
Do you have any suggestions?
@Julio R Gonzalez there are certianly deals on those sites but it takes a massive amount of time and effort to look through them each day, not inlcuding the fact that you have to go through each one in order to see if its a deal or not. i personally prefer the MLS because i can enter my criteria and ill get emails everyday of properties that match