Updated over 5 years ago on . Most recent reply
Out of state investing in Austin?
Hi. I've lived in Austin for 4 years and am moving to New York by July. As much as I regret not buying 3 years ago, I think the appreciation opportunity here is far from over and will outweigh taxes and inflation (Am i wrong?).
I'm considering buying a duplex with existing tenants to not miss out on Austin's appreciation, get a little cash-flow, and remodel when I eventually move back.
Simply collecting rent from out of state doesn't seem like a hassle, especially with a property manager. Is this as easy as I'm thinking?
This would be my first home purchase.