Out of stater picking a neighborhood

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Out of stater picking a neighborhood

Betseat Getachew
Member since 2019 · 15 posts · 2 votes

I’m an out of stater who’s looking to house hack a small multi/house in an up and coming. Neighborhood in Dallas, Austin or Houston. I would rather buy cheap in a good neighborhood. Budget of $190k

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Mike Castellow
Flipper/Rehabber · Fayetteville, AR · Member since 2016 · 130 posts · 62 votes
7y

@Betseat Getachew 

@Aaron Gordy & @Cave Johnson are right that Austin is expensive compared to most of Houston and Dallas, but since you want to house hack I would focus first on what town I would want to live in. For me personally, I'd rather pay a little out of pocket to live in Austin than live for free in Dallas or Houston.  Lol

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  • Cave Johnson
    Investor/ Contractor · Dallas, TX · Member since 2016 · 100 posts · 22 votes
    7y

    Austin is too expensive

    0Reply
  • Ronald RohdePro Member
    Attorney · Dallas, TX · Member since 2016 · 5k+ posts · 2k+ votes
    7y

    Garland is a great bet that fits your two criteria.

    Blue collar, many trades workers there who service the rest of DFW.

    2Reply
  • Aaron Gordy
    Real Estate Broker · Austin, TX · Member since 2012 · 1k+ posts · 1k+ votes
    7y

    Austin is too expensive. There are a few suburban areas that are still possible in that price range.

    1Reply
  • Betseat Getachew
    OP
    Member since 2019 · 15 posts · 2 votes
    7y

    thanks for the replies. @aaron Gordy what areas in Austin?    Side note, what are the benefits of monthly leases as an alternative to 1 year?

    0Reply
  • Mike Castellow
    Flipper/Rehabber · Fayetteville, AR · Member since 2016 · 130 posts · 62 votes
    7y

    @Betseat Getachew 

    @Aaron Gordy & @Cave Johnson are right that Austin is expensive compared to most of Houston and Dallas, but since you want to house hack I would focus first on what town I would want to live in. For me personally, I'd rather pay a little out of pocket to live in Austin than live for free in Dallas or Houston.  Lol

    2Reply
  • Mark Sewell
    Investor · Houston, TX · Member since 2017 · 1k+ posts · 871 votes
    7y
    Originally posted by :

    For me personally, I'd rather pay a little out of pocket to live in Austin than live for free in Dallas or Houston.  Lol

    Oh man - shots fired!

    2Reply
  • Mike Castellow
    Flipper/Rehabber · Fayetteville, AR · Member since 2016 · 130 posts · 62 votes
    7y

    @Mark Sewell I couldn't resist this morning. I hadn't stirred the pot lately and this one was just ripe for picking...

    1Reply
  • Dan BurstainBusiness Member
    Real Estate Agent · Austin, TX · Member since 2014 · 361 posts · 331 votes
    7y

    Duplexes in Taylor, Texas (40 min from downtown Austin and less to the Domain, Round Rock, and major employers like Apple, Dell, Samsung, and others) run as low as $150,000. You could also AirBnB rooms out of your home if you wanted a SFR closer in to central Austin. Austin is expensive compared to other cities but the main reason is its potential growth. Voted the #1 city to live in by US News for the third year in a row, the employment growth and consistent appreciation we see in Austin seems into the price point. With a huge government and university job base other Texas cities don't have, the stability in the housing market makes Austin more attractive for investors who are not solely focused on monthly cash flow but more on return on investment.

    [email protected]512-588-3260
    Dan Burstain, Investment Realtor51 Review
    WebsiteView Page
    1Reply
  • Betseat Getachew
    OP
    Member since 2019 · 15 posts · 2 votes
    7y

    Thanks for everyone who contributed. @Dan Burstain exactly. Looking for a town 40 min or less from downtown.

    0Reply
  • Danny Webber
    Real Estate Broker · Austin, TX · Member since 2016 · 834 posts · 449 votes
    7y

    Def not in Austin, Maybe in the outskirts, going East/West. Depends on what your max budget is. Taxes in TX are big.

    0Reply
  • Jessica Wygal
    Real Estate Agent · Cypress, TX · Member since 2018 · 156 posts · 73 votes
    7y

    Fort Worth...lots of potential. Lots of growth, you can still get in now for a fair price and appreciation will happen quickly. I can send you some options if you are interested. 

    0Reply
  • Betseat Getachew
    OP
    Member since 2019 · 15 posts · 2 votes
    7y

    Yes @jessica 

    @Jessica Wygal certainly interested! Please do

    0Reply
  • Bruce Lynn
    Real Estate Broker · Coppell, TX · Member since 2011 · 5k+ posts · 4k+ votes
    7y

    In the DFW area I suggest people draw a big circle around the city and then look on the outskirts of that circle...so that might be cities like Burleson, Crowley, Cleburne, Mansfield, Wylie, Murphy, Sachse, Fate, Anna, Melissa, Prosper, Celina, Aubrey, Pilot Point, Sanger, Denton, Justin, Ponder, Saginaw, Lake Worth, Azle, Weatherford. Willow Park Hudson Oaks.

    1Reply
  • Bruce Lynn
    Real Estate Broker · Coppell, TX · Member since 2011 · 5k+ posts · 4k+ votes
    7y

    Of course DFW is a big place...from Cleburne on the SW side to Anna on the NW side might take a couple of hours to drive....so we suggest finding your job first and then deciding where to live.   It might also depend on your price range and what you want to buy.   

    0Reply
  • Heather Pennington
    Member since 2019 · 2 posts · 1 vote
    7y

    @Betseat Getachew - If you will explore a little outside of your target area of Dallas and consider Tarrant County as well, you will get much more for your money (Dallas/Tarrant border each other). However, if Dallas County is a requirement, you might consider Grand Prairie, parts of Irving and Carrollton. These cities are within Dallas County, within minutes of downtown and have several nice neighborhoods to choose from. 

    0Reply
  • Betseat Getachew
    OP
    Member since 2019 · 15 posts · 2 votes
    7y

    Thanks all! Ideally the property would be a 40 drive to the city

    0Reply
  • Betseat Getachew
    OP
    Member since 2019 · 15 posts · 2 votes
    7y

    Also looking at SFH, Townhomes and Condos as an airbnb style i.e near a hospital for traveling nurses. For this, this property would have to be near a hospital

    0Reply
  • Bryan Lyde
    Wylie, TX · Member since 2018 · 75 posts · 55 votes
    7y

    I agree with Bruce on this one. There are 2 loops in Dallas, loop 12 the inner loop and I-635 the outer loop. On fort worth side it's 820. I focus outside of these loops unless it's an opportunity zone (many around southern dallas proper) and has at least 1.5% rent/price ratio. Tough to find right now but I suggest getting hooked up with a realtor who can build an ongoing report for 2-4 door properties in MLS. I use Beth Record from Remax and she's great!

    1Reply
  • Edgar Barrera
    Realtor/ Property Manager · Fort Worth, TX · Member since 2017 · 57 posts · 24 votes
    7y

    I recently posted a rental property in my market. I live in DFW area and would be a perfect house hack. Its two houses on one lot. front house was rented 1250 and back house was rented for 900. Both properties are empty and ready for new owner and tenants. 

    0Reply
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