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Updated almost 3 years ago,

User Stats

20
Posts
17
Votes
Timmy Fritz
  • Investor
  • Austin, TX
17
Votes |
20
Posts

Looking to invest in Austin TX

Timmy Fritz
  • Investor
  • Austin, TX
Posted

So, I just graduated from UofL, and I knew out of college I wanted to get into real estate & house hacking was going to be the best way to do it. I just got a 4plex under contract in Louisville, KY which I was planning on house hacking. But out of the blue, just a couple days ago, I heard back from the job I wanted which was in Austin, TX and I am now moving there in June. I have spent the last several months attending local meet up groups, finding my contractor, real estate agent, property manager, and my lender. And now it seems as if I am going back to the drawing board.

I am still looking to house hack in Austin, TX and I'm looking for any recommendations for any of the above(agent, contractors, PMs, and lenders). Although I am looking at doing FHA, I am also looking for banks, HMLs, private lenders, etc. (& agents, contractor, & PMs) who work well with investors as I plan on real estate being my primary investment tool.

As far as properties in Austin, obviously prices are a bit different compared to Louisville (probably an understatement). But I am looking at staying as close to downtown as possible(no more than 5-10miles) as I'll be working on Oracle's campus just south of Lady Bird Lake and I would like to avoid too long of a commute time. I have looked into multi-families, but have also considered the idea of buying a SFR & Airbnb-ing a couple of the extra bedrooms. Any recommendations on good areas to invest, areas that do well with Airbnb, or areas to avoid in general would be great.

Also, curious on what the regulations in Austin, TX are for Airbnb. It looks like so long as it's your primary residence that you can still get licensing for Aribnb. Anyone who is currently doing this and might have any insight on the costs or time frame for getting the proper licenses or what their experience has been like with Airbnb here? Any talks of changing regulations or what the market is like for Airbnb in Austin(over saturated, competitive, etc...?) 

I know in Louisville that foreclosure auctions have become extremely competitive, is it safe to say the same for Austin, TX or are there still deals to be had at these?

I look forward to any advice/recommendations anyone might have!

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