All Forum Posts by: Quinell Dixon

@Tatum Littleton

thank you so much for your insight. I guess I just have so many questions and trying to figure out how to mitigate my risk and exposure to high expenses. I know the Lord will guide our path but we know for a fact we want to move to Austin and we do see the market in Austin, correcting itself a little bit and we are hoping to buy a single-family home with the opportunity to either build an ADU or converter garage or put a trailer on our property so that we could make some income in the process

@Ryan Kelly 

yes, I realized that Austin is in a correction and we want to move there and buy fairly quickly because my wife and I visited a week ago and we fell in love. We are hoping to try and house hack because real estate and property taxes not to mention Hour expenses will definitely put us in a high expense situation, so trying to House hack his ideal for us 

Hey all,

My family and I are looking to relocate to Austin Texas from Salt Lake City. I’m wondering, we are really excited to buy a home that we want to live in and hopefully have the potential to house hack given what the market is right now. I’m wondering, and I want advice, do you think it’s wiser to buy a home that we could see ourselves living in for the next 5 to 7 years and doing our investment journey from there or is it more wise to stay liquid and rent and try to work the Real Estate journey from being a renter.. I know that there are sacrifices that need to be made but I’m just tired of moving every year so that we can find the best deal. We have three kids and we are looking for a home to settle into for the next 5 to 7 years , but if it makes more sense to do that and be a renter while we try to grow our portfolio then I’m all for it but I really do want to own every piece of property that I stay in. We just recently visited Austin Texas, and a specific suburb that we love and could see ourselves at for the next 5 to 7 years. The question is, can we also find the same house hack opportunity in this area, I’m not sure, but I would love opinions about the overall, I’m trying to convey. 

Well, I think that was amazingly said and very poetic. I agree with everything said. One day at a time is what I am hearing. I also believe I found a way to build an ADU on my existing property, the challenge is, I would love to get a long term tenant in there and AirBNB the front house when we move to Texas. It wont be much of a "house hack" but a duplex like Cashflow when we leave.

Thank you for all the input @Cherie Orellana

@Leo R. my man. This was so well put together and I completely see what you mean and the knowledge you bring. I would love to pick your brain further more. I have a house hack opportunity and I agree that it the best, safest, and most practical way to start. How can I contact you more?

@Scott Phillip this is really encouraging. I’ve built my identity and my business but I realize that even owning my own business I’m still responsible for everything that goes on. Real estate is interesting to me because you can build teams of people around your assets. Everyone wins, and you gain knowledge and understanding, and, the ability to change that only your life, but your families lives as well. 

@Logan M. it is awesome that you are in Utah as well. Would love to meet and chat about RE. I truly appreciate you. 

All amazing advice. WOW! I think after digging through the forums a bit I had a lightbulb moment. I believe I want to house back my garage and convert it into an ADU. That will definitely take time and money, and I think I will use my HELOC out of my first home to build the ADU and short term or long term rent it. I want to do research. You guys are all amazing!!

@Adrian Lammersdorf-Scioll that is a good idea. So, some transparency, I bought my first house in 2021 and now I have the itch to do something again. I think we want to try and covert our garage into a unit. The house is a small 3bd 2bth and the teenage has a room, we have a room, and the younger boys share. (10month old sleeps with us). We plan to move to Texas early next year. This can be a dual income generating property in a year. I just get scared to start a conversion I never have done lol 

This is amazing advice my man. I really appreciate that. I have a property but now I think I want to house hack and convert my garage into a unit. That is a lower risk than buying another property and paying all of the associated expenses. Plus since I own this I can keep an eye on it, until I move ATLEAST. I want to leave Utah and go to Texas

@Michael Blank