Completely new, looking for advice

[Tate Kipperman]

Hello All,

I have been listening to the BP Podcasts for quite some time now and have read a few books about Real Estate Investing, but I think I am finally ready to jump into Real Estate Investing. I recently became a licensed Real Estate Agent in order to get access to the MLS and get be able to represent myself, as I saw this as a good first step in my real estate journey. My long term goal is to be able to make Real Estate Investing my full time job, but I know there are steps along the way.

I currently own my primary residence in the Suburbs of Austin, and I am looking to figure out my best path forward. I should also say that I grew up in Austin, so I'm well versed into the ins and outs of the market and what it currently looks like. I am intrigued by the idea of potentially house hacking a duplex or quad somewhere in Austin and turning my current primary residence into a rental, knowing that it wouldn't be a cash flow play, but more of an appreciation play. Alternatively, I have been looking into the Multi Family market in San Antonio as there appears to be some ability for cash flow in that market.

Any advice would be much appreciated. Thanks in advance!

Tate

[Stephanie N.]

Hi Tate, you have some great ideas there as far as what to do with your current property as you purchase the next. The only caution I would provide is, while you know the market well now, what is the trajectory for your market? Are jobs continue to grow YOY? Is median income growing YOY? Are properties still appreciating at the same rate or are they leveling off? I don't know your market but these are metrics I would begin looking at to determine if this will still be a good market to be in years out.