Hey all –
I’m in a rapidly growing market in Texas. I see the influx and the market (although high and kind of batty now) really shows no signs of slowing. I’d like to acquire at least 2 properties by the end of next year.
I’m a analyst for work – that being said there seems to be a lot of variables in real estate that are outside of the standard easier taxable brokerage investment/so on. A lot of intangible things really come into play – the actual work rate/area knowledge of your realtor vs just getting the one spewing things at you for the paycheck – hiring a property management company vs not etc etc.
I have 300k liquidable in a taxable brokerage right now to work with plus up to 40k to withdraw from a roth (contributions) if required . I don’t qualify for VA loans or such – but I may be able to for a first time buyers credit (sold my last residence 2 years ago and hadn’t lived in it primarily for 6 months). I make 70k/year. Single for tax purposes – 29 years old.
Any advice on where to start? What’s going to save me some headaches and heartbreaks? I don’t hate the idea of a multi family in which I occupy a unit and rent out the others – but I could pull a few single families for the rate of one of those in the area it seems. Goals would be rentals long term but the options to sell/liquidate in case in the next 5 would be nice. I don’t mind DIYing/but the price of new builds (especially outside the city where roads are being built out) it almost seems new constructions aren’t that awful pricewise.