Curious about the REI Market in Austin & Texas(overall)

Portland Oregon · Member since 2021 · 49 posts · 13 votes

Hi, I am an aspiring Real Estate Investor, I currently live in a state with not much opportunity in real estate, and am looking to invest in other markets. I was wondering how the market is in Austin for long-term rentals. I understand the importance of investing and REI, is the way to go. I would appreciate any and all feedback!!

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Tyler Warner

Rental Property Investor · Austin, TX · Member since 2020 · 28 posts · 12 votes

This is how I got my start to REI and it has worked great for me. Highly recommend House Hacking!

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Eliott Elias
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
4y
Austin is the greatest real estate market on earth! Long term rentals are in high demand, but so are short term. Cash flow is tough, but if you can locate areas that allow for STR and either rent by the room or airbnb the entire home.
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Antony Munoz
OP
Portland Oregon · Member since 2021 · 49 posts · 13 votes
4y
Quote from @Eliott Elias:

Austin is the greatest real estate market on earth! Long term rentals are in high demand, but so are short term. Cash flow is tough, but if you can locate areas that allow for STR and either rent by the room or airbnb the entire home.

That's good to hear! If you don't mind me asking, what is your opinion on house hacking?
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Ryan KellyBusiness Member
Real Estate Broker · Austin, TX · Member since 2018 · 1k+ posts · 1k+ votes
4y
@Antony Munoz house hacking is probably the #1 strategy for someone young to buy in a more expensive market. You can use primary financing to purchase a property which allows you to get more favorable interest rates and terms. Then you have roommates help you pay most or all of your mortgage expenses. In a few years when you are ready to move, you now have a rental property in the market set to go. If you plan on moving to Texas, this would be the strategy I highly recommend.
[email protected]512-674-5478
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Tyler Warner
Rental Property Investor · Austin, TX · Member since 2020 · 28 posts · 12 votes
4y
This is how I got my start to REI and it has worked great for me. Highly recommend House Hacking!
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Conner Olsen
Real Estate Agent · Austin, TX · Member since 2020 · 1k+ posts · 941 votes
4y
@Antony Munoz House hacking is a great way to get started REI in Austin! I'm house hacking a duplex and the other half is paying for all my PITI by renting it on Airbnb.
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