Utilize these 5 resources to better prepare yourself for the home buying process.
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House hacking is supplementing your mortgage, taxes & insurance (henceforth referred to simply as “mortgage”) with monthly income. While I was paying only half of my mortgage, my house was appreciating in value because I bought in a rapidly appreciating area. Learn how I did it!
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Since moving to Austin after college in 2012, I always saw the benefit of buying a house and having roommates help pay my mortgage payment. I finally had the opportunity to do so in 2017. I renovated the home, and now make an income through Air bnb.
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These steps are a good starting place to get your wheels turning. You can research real estate investing for years and not learn as much as you will by actually pulling the trigger and getting into your first project. I wish you all the best!
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If you are currently living with at least one other person (unless you and that person are trying to start a family...it may not be a good time) you should look into buying a house and making it an asset through house-hacking.
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Ashley Wainscott, CEO of Simple Sold Austin home renovation firm, broke down what to expect and how to prepare for successful renovations for us and our client's this week. Open House Austin is big on sharing education for our first-time buyers and new homeowners on how to make successful investments. Ashley is big on educating her reno clients too.
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