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Updated almost 7 years ago on . Most recent reply

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15
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Chance Bostick
  • Belton, TX
8
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15
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Newbie, multifamily or single family in Texas?

Chance Bostick
  • Belton, TX
Posted

Hey guys, I've been on biggerpockets for awhile now, but 99% of that time, I was living in Los Angeles and was nowhere close to being able to afford real estate.  I've moved back home to Central Texas in a small town called Belton.  I'm very interested in house hacking a multifamily, but so far there don't appear to be a whole lot of multi families in this area.  The ones that are here are brand new, on newly developed land and not for sale.

Any advice on what I should do?  Should I branch out farther or try and save up for a single family home?  

Most Popular Reply

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1,193
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968
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Jim Cummings
  • Residential Real Estate Broker
  • College Station, TX
968
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1,193
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Jim Cummings
  • Residential Real Estate Broker
  • College Station, TX
Replied

@Chance Bostick. Don't know how long you been back home in Belton, but one of the things I've always counseled Buyers on is to "Be Ready - But Be Patient". 

Meaning, have all your Ducks lined up, (Loan Pre-Approval, etc) so you can make an Offer quickly, but also know if your looking in the right area & right price range - the market will deliver - eventually! 

Depending upon your job situation & location - Temple might also be a viable option.    

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