I am moving to Austin, Texas in about a month. I am looking to get my first property. Ideally, I was planning to buy a multi-family out in Austin, but they are slim to come by in my price range. Since house hacking and owning multi-families are my goal, do I settle on a single family house and wait a year to be able to rent it out? Does anyone have opinions on the Austin market? Or should I invest out of state and put a 15% down on a property? I am trying to weigh out my decisions, but all I know is I want property by this spring.
Thank you all in advance!
@Michelle Paulsen There are multi-family properties all over the metro area and I own some, but inventory currently is super tight in all property categories around Austin at the present time. The majority of duplex properties will be in Austin and Round Rock, but nearly every community will have some small-multifamily options. A lot will depend on your price range. Happy to chat about them in more detail. How soon were you hoping to purchase?
Have a duplex in RR coming up for $375k being listed by a co-worker
@Michelle Paulsen there are lots! SFH househacking and renting rooms or Single family with ADU are good options too. I've done both duplex and sfh with ADU in East Austin.
@Neil Narayan really I would love to see that property! Let’s connect!
@Ryan Kelly looking to buy within the next 1-4 months! I have to move to Austin next month so hoping to buy one soon!
I am trying to find something too (it would be out of state for me). I am debating whether to buy a SFH for now and then the Multi-family. Best of luck!