Updated almost 6 years ago on . Most recent reply
Interested in Austin Real Estate
Hey Everyone,I will be moving to Austin soon and was interested in new home real estate. I am looking to house hack in a primarily new neighborhood that is up and coming and I think will soon appreciate in a couple years. I am looking into Colony Parks to invest in, but not really sure how promising this area will be. This is near the agave neighborhood and near the future development that will be happening. Overall, does anyone have any tips on buying a new home to house hack in this area. Anything to be careful of before taking on a new home house hack venture?
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Muizz, I recently bought a new build and am house hacking it. I'm cash flowing $300 and it's great. Builders typically offer incentives if you use their preferred lenders. These incentives include, closing costs paid, flex cash, title survey paid. Also the fact that the home is new means that you won't really have to take Capital Expenditures into account during the first few years.