All Forum Posts by: Thomas O'Donnell

Hey everyone! I'm looking to move to Texas within the next year and house-hack my first property! I'm currently stuck between San Antonio and Austin as my top 2 choices. I'm currently leaning more towards San Antonio as it is a bit cheaper than Austin and I feel it might have more room to grow (I may be wrong). I will be transferring with my current job and looking to house-hack a multifamily property (duplex/triplex) on a FHA loan. If anyone knows both of these markets well, or just has some great advise for someone who is about to start their journey, I'd love your input! Any response is greatly appreciated!

Hey everyone! I'm looking to move to Texas within the next year and house-hack my first property! I'm currently stuck between San Antonio and Austin as my top 2 choices. I'm currently leaning more towards San Antonio as it is a bit cheaper than Austin and I feel it might have more room to grow (I may be wrong). I will be transferring with my current job and looking to house-hack a multifamily property (duplex/triplex) on a FHA loan. If anyone knows both of these markets well, or just has some great advise for someone who is about to start their journey, I'd love your input! Any response is greatly appreciated!

Hello all!

After spending the last year teaching myself all about real estate investing through podcasts, books, YouTube and forums like BiggerPockets, I have finally decided to make my jump into the real estate world in order to obtain financial freedom. My plan is to leave California in 2023 for San Antonio, TX and house-hack my first property with my girlfriend. We were planning on using a 203k loan to buy a multifamily property that needs a light rehab, but I'm unsure of how difficult this will be for us coming from a different state. I know property is going like crazy right now and sometimes for over their listing prices. If I still have the current job I have now by then, I'm pretty sure I could transfer to a San Antonio or another local branch.

If anyone has some advice on this situation, or is from San Antonio and would like to connect for the future please respond! All responses are very much appreciated and I look forward to having productive conversations and building great relationships with my fellow BP members! Thank you!

Hello all! 

After spending the last year teaching myself all about real estate investing through podcasts, books, YouTube and forums like BiggerPockets, I have finally decided to make my jump into the real estate world in order to obtain financial freedom. My plan is to leave California in 2023 for San Antonio, TX and house-hack my first property with my girlfriend. We were planning on using a 203k loan to buy a multifamily property that needs a light rehab, but I'm unsure of how difficult this will be for us coming from a different state. I know property is going like crazy right now and sometimes for over their listing prices. If I still have the current job I have now by then, I'm pretty sure I could transfer to a San Antonio or another local branch. 

If anyone has some advice on this situation, or is from San Antonio and would like to connect for the future please respond! All responses are very much appreciated and I look forward to having productive conversations and building great relationships with my fellow BP members! Thank you!

 I am in college for Business Management. I'm hoping to hold a good paying job for a while after I earn my degree and use that income to put towards more properties.

Hello all,

I have recently decided that I want to move to and buy my first MF property in Texas sometime near the end of 2022 or beginning of 2023. I currently live in California and want to spend my future in Texas (I know I know, BOOOO Californians). My original idea was to house-hack a duplex/triplex with my girlfriend to start our RE investing journey. I plan on attending a 4-year university as well, but in order to do so at the In-state tuition rate I will need to be a Texas resident for at least a year.

I guess my question is, should I just finish school here in California and delay getting started in real estate for another few years while staying at my parents' house, OR should I make the decision to move, buy a property with an FHA loan and then spend a year fixing it up and gaining that 1 year residency (as well as the 1 year FHA requirement) to then go to University? I also am not sure how hard it will be to secure a loan because I would be moving but I'm pretty sure I could transfer with my current job if necessary. I do want out of California and I want to own several MF properties in the future. I love what Texas has to offer in both real estate and quality of life. My ideal location would be the Austin area or possibly a little south towards San Antonio. As of right now, I am unsure what I would qualify for in terms of loans. If I had the cash for the down payment, It's also possible that one of my parents would be willing to co-sign.

I am in college right now, I have about 7 more classes before I can get my AS and transfer to a 4-year. I was planning on doing those community college classes online after I move while I get my 1 year residency in; OR just staying at my parents and finishing school here for another 3 years. Any advise with my situation or advise in general would be greatly appreciated!!

Thank you BP community!

 Thank you so much for this straight forward advise! Definitely makes sense. I've been staying with my parents for a few months now, I moved back in with them to do just that. I'm just worried I'll end up saving forever and prices will just continue to rise so I would just be wasting time. But I know that is not all true.

 Thanks! And I believe I can transfer with my current employer, not that I really want to stay with them but I believe they are located everywhere (security). My ideal location would be the Austin area or possibly a little south towards San Antonio. As of right now, I am unsure what I would qualify for in terms of loans. If I had the cash for the downpayment, It's also possible that one of my parents would be willing to co-sign. I am in college right now, I have about 7 more classes before I can get my AS and transfer to a 4-year. I was planning on doing those community college classes online after I move while I get my 1 year residency in.

Hello all,

I have recently decided that I want to move to and buy my first MF property in Texas sometime near the end of 2022 or beginning of 2023. I currently live in California and want to spend my future in Texas (I know I know, BOOOO Californians). My original idea was to house-hack a duplex/triplex with my girlfriend to start our RE investing journey. I plan on attending a 4-year university as well, but in order to do so at the In-state tuition rate I will need to be a Texas resident for at least a year. 

I guess my question is, should I just finish school here in California and delay getting started in real estate for another few years while staying at my parents' house, OR should I make the decision to move, buy a property with an FHA loan and then spend a year fixing it up and gaining that 1 year residency (as well as the 1 year FHA requirement) to then go to University? I also am not sure how hard it will be to secure a loan because I would be moving and I'm not 100% sure if I could transfer with my current job. I do want out of California and I want to own several MF properties in the future. I love what Texas has to offer in both real estate and quality of life. Any advise with my situation or advise in general would be greatly appreciated!!

Thank you BP community!

Good afternoon my fellow BiggerPockets members!

I am looking to connect with some experienced investors who might be interested in helping me while I begin my investing journey. I am a bit knowledgeable on real estate investing for a beginner, as I have spent about the past 8 months reading books, watching many podcasts and zoning in on exactly what it is that I want to do. I believe that having some guidance along my journey will be crucial. Of course, I do not expect to receive any value before giving value wherever I can.

I am 23 years old and currently living in Santa Clara, CA. In order to pursue my dream of achieving financial freedom through real estate, I have decided to move back in with my parents (lower my living expenses) and go back to school to finish my degree so that I can increase my income and the amount of capital I have to invest. My long term goal is to own several multifamily properties. My initial plan to get started was to house-hack a duplex/triplex with an FHA loan, but because I live in the bay area where these properties are over $1M, I have began to look into other states for possible long-distance investing and/or moving out of California (only thing that sucks is you can't beat California wages). For now, I am focused on working as much as I can, getting my degree, and putting away most of my money. I am hoping to buy my first property before 2023 or at least by summer 2023. I am open to all and any help that I receive and I really look forward to connecting with you guys. I would love to tell you more about myself as well as learn a bit about you, so please feel free to reach out to me! I refuse to give up my dream of obtaining financial freedom through real estate, so that I can spend my time helping others do the same and reach their potential.