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Updated over 4 years ago on . Most recent reply

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38
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Seth Bender
  • Anaheim, CA
13
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38
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In Austin Texas with high taxes can good househack be worthwhile?

Seth Bender
  • Anaheim, CA
Posted

There is a property for sale that has solar panels and I’m trying to analyze at what price point would this or another property be worth house hacking?

This property is likely not ideal since it doesn’t have room for value add and would probably be at retail price.

My thought is I could move there and get into it with a 3.5% fha loan and live in it for a year and then rent it out if it would cash flow enough.

Most Popular Reply

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1,294
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Ryan Kelly
  • Real Estate Broker
  • Austin, TX
1,218
Votes |
1,294
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Ryan Kelly
  • Real Estate Broker
  • Austin, TX
Replied

There is not likely to be any properties in the Austin area that will cash flow with only 3.5% down. Your debt service will be too high compared with the rents you can get in return. 

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Ryan Kelly Group - Keller Williams
5.0 stars
91 Reviews

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