Who is looking to house hack in NW Austin?

[Andrew W.]

This duplex with a bonus 3rd 1/1 unit just went up in our neighborhood. Its on a cul-de-sac close and walking distance to Springwoods Park.

This is a great way to live very affordably in Austin, build equity, and learn how to operate rental property and manage tenants (if you choose). 

We also own/occupy a duplex nearby and would love to have like minded neighbors! 

9009 Sawtooth Lane 78729

https://www.zillow.com/homes/for_sale/29564869_zpi...

[Zachary Barton]

Hey @Andrew W. and @Jacob Ramsey, @Lexi Teifke hit the nail on the head. Every deal is different so really you have to consider your long-term goals and the numbers specific to that deal. Austin/Texas have very strong markets when compared to many other parts of the country. Growth has slowed form around 8%/year to 4%/year and there are a lot of factors contributing to the slow down but the demand for housing is still strong. Austin is still growing rapidly as are property values.

Also, historically values rise, plain and simple. You buy now and in 30 years, when your note is paid off, your property will almost certainly have increased in value even though we will likely have at least 2 recessions in that time frame.

That leads me to the looming recession. You can google "coming recession" and find many Bloomberg, Forbs, etc. articles listing the myriad of reasons we can expect a recession in the next year or two. We are in the twilight of an up market with stocks at a near record high. I’m no financial advisor but it seems like a good time to take your chips off the stock market table. Now, that recession may make you bearish on purchasing RE right now but when it comes to repositioning cash from the stock market into something more stable to weather a recession, Austin RE is a good option to consider. The coming recession may drag RE prices down a bit due to the housing affordability crisis but your considering MF and the demand for housing in Austin is so strong that we should benefit from some insulation.

When you factor in the 4 benefits of RE; tax benefits, debt pay-down (equity growth), cash flow, and appreciation, really the best time to buy a deal is when there’s a good one in front of you.