All Forum Posts by: John Yeglinski

Thanks @Alex Drake and @Ryan Kelly. Gonna look into renting out at least one room potentially Airbnb others.   Seems like I'll need to get the license after all. 

The rental income in my neighborhood wouldn't be enough to cover the mortgage at this point. The only potential would be to rent it on Airbnb. How does that work though, can it still be my primary residence? 

I rushed in and bought my first home earlier this year before I had the chance to really get into the wealth of information on BiggerPockets. I fear I did what they say all Millenials do and, purchase too much of a first house, brand new, 3br 3ba for just two people. 

Now I'm having FOMO about all the ways I could have gone about buying my first home, ie house hacking or buying a fixer-upper. I'm wondering how long I should hang on to my current brand-new, conventionally-mortgaged SFH before getting creative by selling it and/or purchasing a multifamily or fixer-upper.

I live in Austin, Texas and hopefully, appreciation will be at least decent based on all the tech companies moving here, also potentially relevant based on tax concerns. 

I realize that I could just hold on the property, do nothing, and ignore the FOMO in my mind, but it is really difficult. 

In order to cover some of the monthly costs, I have also started to rent out one of the bedrooms on Airbnb but it kinda sucks to have strangers in your house all the time especially during COVID. 

Hoping to crowdsource my decision-making process so any advice will be helpful!