All Forum Posts by: Ajeet Baath

Adding both of you to my rolodex for when I have time to drop a call/email!

@Jordan Moorhead

@Ryan Kelly

Thanks, Jordan. I will keep that in mind. All I would be able to afford (maybe) is a duplex-- aren't duplexes difficult to find in Austin?

Hello all,

This would be my first time investing. Some background on me, my fiancée and I make a combined income of around $170k and we live in southwest Austin, 10min from downtown. We are looking to buy a home for ourselves by early 2022 (after our wedding) and I wanted to make it an opportunity to begin a portfolio of SFHs. The reasoning behind choosing SFH is so that I can start slow (self-managing) and work my way up to a modest but sizeable passive income stream, mostly made up of houses that I've previously lived in.

I was wondering from all of you if its common to simply buy a home as a residence, live in it for a bit, and then move/size-up while making the previous one a rental. My concerns for Austin are cash-flow of course, but I plan to talk to a RE agent to see the potential for buying a residence that would make a good rental after living in it for 3-5yrs (rents may rise during that time). My other concern is that I don't want another fulltime job, so I see this as a way to mitigate the stress of learning about a new property (I've already lived in it!) and actively managing it day-to-day (only have to worry about one family, and they would likely fit my fiancée and I's renter characteristics if they are renting a home that we initially wanted to live in)

Sorry for the long post, all ideas are welcome.

@Andres Bustamante A few questions your response:

1. How much of a difference in interest rates are we talking, generally?  

2. With house hacking, I put very little down but that would make my payments astronomical, right? And then I would have to worry about PMI? With that being the case, is there still a significant benefit?

3. After I move out of the house hack and rent out the unit I once lived in, would I get to keep the "low interest rates" you mentioned? 

Thanks in advance

Any suggestions of good satellite cities that are growing and would be worth looking into?

Hi Jeremy,

Thanks for your response... in regards to the characteristics you listed about the market, that's pretty much what I was afraid of. It has almost tempted to me to invest long-distance and find a more reasonably priced home, with a larger return margin. But I would just love to own in Austin since as you said, it's booming. Thanks for the info, I'll be looking out for your PM!!

Hi Aaron,

Thanks for your response. I would be open to house-hacking after about a year (already signed a lease for an apartment). My budget is inclusive of financing (I only have 20-30k to put down)

Hi all,

I am moving to Austin, Tx, next month and I want to get involved in my first property deal! I know this is general, but does anyone have any tips specifically for someone with the below criteria? Any help would be greatly appreciated as I want to learn as much as I possibly can about this new city (good neighborhoods, success stories, networking opps - lenders, agents, prop managers, etc.): 

1. Rental property

2. budget: $150k-$200k

3. Interested in #1 cash-flow potential (replace my income) and #2 appreciation (great investment)

As a secondary question, how do you all think COVID will affect the Austin RE market if at all? Will we start seeing deals sometime soon, and why?

@Kyle Mccaw I will have to get in contact with your agent once I'm back from vacation. Thanks so much for your responses

@Kyle Mccaw that makes a ton of sense and I think I would be targeting the same neighborhoods (balance of cash flow and appreciation).. it looks like you're an agent, are you showing any homes that fit this criteria? Where are they located?