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Updated about 2 years ago on . Most recent reply
OPINION - Austin, TX vs Scottsdale, AZ
Hi guys. Here's my situation:
Context: I've been in Austin for close to 2 years, renting. Come July I will have enough funds to house hack (and decent cash reserves after). I have an Uncle in Scottsdale who has done very well for himself and has developed a strong network. He has offered for me to live in his home while he works in Scotland for the next 2 years. I want to move there to leverage his network and the opportunities it could bring.
Problem: Do I stay in Austin for another year (starting in July) to house hack and then move to Scottsdale to conduct another? Is the PHX market stronger than Austin? I'm sure that's too black and white, but curious to hear opinions. My objective side tells me to stay in Austin, take advantage of the knowledge I have here and secure a prop through a house hack before leaving. I could still go to Scottsdale after that. Just not too keen on staying in ATX any longer.
Thank you
Most Popular Reply
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Quote from @Alex Pepe:
Hi guys. Here's my situation:
Context: I've been in Austin for close to 2 years, renting. Come July I will have enough funds to house hack (and decent cash reserves after). I have an Uncle in Scottsdale who has done very well for himself and has developed a strong network. He has offered for me to live in his home while he works in Scotland for the next 2 years. I want to move there to leverage his network and the opportunities it could bring.
Problem: Do I stay in Austin for another year (starting in July) to house hack and then move to Scottsdale to conduct another? Is the PHX market stronger than Austin? I'm sure that's too black and white, but curious to hear opinions. My objective side tells me to stay in Austin, take advantage of the knowledge I have here and secure a prop through a house hack before leaving. I could still go to Scottsdale after that. Just not too keen on staying in ATX any longer.
Thank you
I'll just tell you this. If you're able to successfully house hack in both those cities, while being comfortable from a financial perspective, do it. You're in a set up that a ton of people would love to. Convey that to your uncle, and if he would do that go for it. Otherwise, if you have to choose, do what you feel is best. This is all your preference, nobody can answer that but you.
I'm a pro-Austin person, so I'm the wrong guy to take advice from in a city vs. city battle. Big fan of Scottsdale, but would never live there year-round.