In need of some relocation/house-hacking advise!

[Thomas O'Donnell]

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!

[Jordan Moorhead]

@Thomas O'Donnell come on down! I would buy a place, finish your classes online and then figure out if you want to go to college. Not everyone needs college, I have a GED. What are you going to college for?