New investor in Austin

[Magda Lipinska]

Hi guys! I’m a new investor, and I’m planning to start with house hacking. I’m open to both, short or long-term, in Austin or the surrounding areas (mostly considering San Marcos).

I’m doing my research/analyzing deals, but wanted to see if anyone would be willing to share their experiences:

1. Do you find that one is more profitable than the other? (STR vs LTR)

2. Aren’t the property taxes eating all of your cash flow?! I’m not 100% sure if I’m making a mistake in my calculations, but each time, the taxes take a surprisingly huge part of the cash flow.

Any feedback/real-live experiences will be highly appreciated!

[Robin Simon]

Quote from @Magda Lipinska:

Hi guys! I’m a new investor, and I’m planning to start with house hacking. I’m open to both, short or long-term, in Austin or the surrounding areas (mostly considering San Marcos).

I’m doing my research/analyzing deals, but wanted to see if anyone would be willing to share their experiences:

1. Do you find that one is more profitable than the other? (STR vs LTR)

2. Aren’t the property taxes eating all of your cash flow?! I’m not 100% sure if I’m making a mistake in my calculations, but each time, the taxes take a surprisingly huge part of the cash flow.

Any feedback/real-live experiences will be highly appreciated!

Even with the property value correction recently, you are correct it is still very hard to cash flow in Austin without creative strategies such as Short Term Rentals etc. There is a robust community here in town though for STR/MTR - I highly recommend connecting with the meetups and the locals that are STR experts!