All Forum Posts by: Austin McClain

Hey Inga, I'll DM you with a some I know 

I'd also advise being very careful. I would go with someone you know or a good friend of a friend. 

If you can't find someone like this, the risk is high. Paying someone local to help you manage it (who is not a partner) would be a better way to go 

Make sure you know the area/purchase in a spot that is appreciating since it's a new city. I house hack in Ohio, and I like to put down minimum down payments to have more funds liquid for renovations and future purchases. 

Good luck searching! 

I've seen investors have success buying in cash and then doing a cashout refi after their purchase to replenish the funds. 

Cons - you have to wait a few months depending on the seasoning period to do the cash out refi. Also, the interest rate can be higher than a traditional purchase mortgage. 

Pro - You can get significant discounts buying cash, to build in more equity day 1

I have a google sheet with companies I know that I'll send you 

I think 6-12 months is too long. A market can change pretty significantly in 12 months. Is investing in your home market possible to house hack? 

Hey Dirk, I have a spreadsheet of contacts I'll send. I'll DM you 

Thanks Sam, and I'm a big fan of Washington Court House. The town is home to just under 15,000 people. Honda's plant is bringing in 2,200 new jobs (about 14% of the town's entire population). I expect the town to continue to grow. 

I would add A/C, I think it's worth the investment to get higher rent now, and it will help when you need to sell in the future 

Best of luck with the move. I'm house hacking in Columbus, and it's been successful