Planning to move to San Antonio, TX and House Hack!

[Thomas O'Donnell]

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!

[Dylan Eldred]

Hey all,

I live in Houston, a similarly priced market to San Antonio, and househacked last year. I was able to get a 3.5% down conventional loan. We ended up buying a new construction and renting out by the room. Renting the rooms completely covered our housing expenses. So even if you buy something that doesn't need work with conventional there are strategies to make it work!