Boston, MA · Member since 2018 · 13 posts · 8 votes
Hi BP,
My roommate and are looking to relocate from Boston to Austin. Would it be better to sublet/rent for 6-12 months to learn the local market and find a better deal, or to network online and purchase a multiunit property right off the bat. Wanted some feedback from investors in the area.
Rental Property Investor · Steamboat Springs, CO · Member since 2017 · 255 posts · 154 votes
7y
I can definitely see it both ways, but personally I'd rent for a bit. Austin is a very hot and competitive market - your chances of finding a real deal go up exponentially if you can work on the ground game for 6 months before you buy something. Obviously doing it from a distance is possible with enough work, but if you're already moving across the country and trying to learn a new market, what difference does 6 months make?