BUY A FAMILY HOME or RENT

[Quinell Dixon]

Hey all,

My family and I are looking to relocate to Austin Texas from Salt Lake City. I’m wondering, we are really excited to buy a home that we want to live in and hopefully have the potential to house hack given what the market is right now. I’m wondering, and I want advice, do you think it’s wiser to buy a home that we could see ourselves living in for the next 5 to 7 years and doing our investment journey from there or is it more wise to stay liquid and rent and try to work the Real Estate journey from being a renter.. I know that there are sacrifices that need to be made but I’m just tired of moving every year so that we can find the best deal. We have three kids and we are looking for a home to settle into for the next 5 to 7 years , but if it makes more sense to do that and be a renter while we try to grow our portfolio then I’m all for it but I really do want to own every piece of property that I stay in. We just recently visited Austin Texas, and a specific suburb that we love and could see ourselves at for the next 5 to 7 years. The question is, can we also find the same house hack opportunity in this area, I’m not sure, but I would love opinions about the overall, I’m trying to convey. 

[Jackie Nyambura Everett]

My husband and I rented for 2 years, explored several surrounding areas, and then settled on a great neighborhood in Austin, and are happy with our decision. Do what's right for you and your family as schools, daycares, getting quality activities for the kids matters and access to the lifestyle you want really depends on where you are in Austin. Traffic can be a pain too as so many people moving here! I am biased to the rent first so try before you buy but really up to you and your family. Good luck!