Brand New Investor in a HOT market. Please help!

[Trey DeJohn]

Hi BP Forums,

Thanks for coming to help me out! Before I dive into my problem a little background about myself.

• I am 24 years old

• Started working a corporate job in Austin, TX 2 years ago

• Graduated school with student loans and paid them off within 12 months

• Saved enough money in the next 12 months to invest in my first property

• April is the end of my apartment lease and I’m looking to have the first property secured before then

• At first I started looking at Multi-Families in ATX to “house hack” (potentially live in 1 half & rent the other, if it’s a duplex)

The challenge I’m running into and I’m hoping someone can provide some guidance is every time that I run the numbers, it seems like it’s not feasible. (Please see attached photo)

First assumption is that it’s because it’s Austin Texas and the market has been exploding for the last 10 years with no signs of slowing down.

Has anyone experienced anything like this? How did you over come it?

Did you give up investing in that market and invest elsewhere?

Any input helps as I’m a rookie and the only knowledge I have is listening to the BP podcast.

Thank you everyone.

Trey