All Forum Posts by: Dave Kay

Thank you @Bryan Noth! Right, it seemed Leander had the nicest school districts but I figured it might be more family oriented. I'm looking around $300K. I could go higher or lower, but figured finding a 6 bed at $300K would allow me to rent at $600/month (plus utilities) for typical sized bedrooms, maybe $700 for larger ones? When looking at smaller homes (I've heard it's best to start small), I find it's not quite as feasible to find a 4 bed for $200K. My goal was to target $50K per bedroom approximately. I was also considering New Braunfels just now - it's a bit far from Austin I think, but it seems like it has good schools, safety, etc. as well. 
I could see renting to a single family as well, but issues include: 1. I'm not sure I'd see a cash flow that would work, and 2. I'd need an in-law suite or something so that I have a place to live as well, as it will be my primary residence. Trying to stay open to all the options though! 

Hey all! Taking the time to introduce myself here. I'm a 26 year old hoping to get started in Real Estate soon! I'm looking to make my first investment in a house or multi-family unit I can house hack, and then buy more units for buy-and-hold as I go. I'm looking in a few states, including Texas and Florida. Always open to insights and new perspectives. I've been in the stock market for a while, but hoping to now invest in real estate to take advantage of leverage. I've been interested in a while but am just now coming around to making it happen. Looking forward to learning with you all!

Hi All, I'm looking to purchase my first property and house hack in the coming months! I'm trying to determine quite a few things, and would appreciate any and all insights. 
1. I'm looking to house hack in the Austin, TX, area, and am specifically looking around Kyle, TX and Leander, TX (and Manor TX maybe?). Would I be able to get renters in these areas pretty easily? I've been told by my realtor it's a ways out of Austin and so people are less likely to go for it and commute as individuals (as opposed to families), but I feel like it would allow me to offer more affordable rents, to maybe recent college grads? I'm thinking around $600-$700 per bedroom, with maybe 2-3 people sharing a bathroom. Do you think I'll be able to get people? And is any one of those suburbs better or worse than the others for that purpose?
2. How many bedrooms is too many bedrooms? Of course, looking purely at the numbers, more bedrooms seems to make sense. The more bedrooms I get, the less I'm paying per bedroom, driving down my rent and mortgage. But would I be able to rent out a 6-bedroom house without running into issues? I'm thinking possibly I could build in a second "kitchen" with like a microwave, toaster oven etc. to alleviate any high kitchen demand with too many people. 
I'm a new Pro and this is my first post, but I'm glad to be a part of the community and to be moving forward on my first investment! Thanks all!