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Updated 23 days ago, 11/29/2024
Seeking advice for aouse hacking strategy in Austin
Hello community,
I am a new investor in the Austin area, TX and debating between two strategies. Since I am new to the town, I wanted to seek advice from experienced investors out there. Which strategy below would you do in the Austin market? I am looking for a property around $500k, single with a remote work and side hassle.
Strategy 1: buy a duplex, live in one unit (for one year as a "primary residence) and rent out another unit as a short-term / mid-term rental on Airbnb.
Strategy 2: buy a single-family house with at least 4 bd, live in one room, rent out the rest of rooms as a mid-term rental on Airbnb / long-term rental.
I am new in this game and here to learn everything. Thank you all!!