My wife and I both work at FANG, early 30s with 1 baby, current house already have decent school. Let’s say we have 0.5m cash in hand, and we can still take another 1m mortgage roughly. What will you invest? I mean, I really don’t see any other better option. I did a really bad job on stock trading, and not to mention the couple of hundred K I loss in Bitcoin. Seems like buying an investment house is my best option.
So, should I buy a SFH in bayarea with 1m mortgage? Or I should buy 1 or even 2 SFH in Austin or any other good locations? One of my friend brought a SFH in Huston,TX, 2100 monthly rent for a sub 300K house seems like a good deal. I don’t think you can find any better cash flow in bay area. Of course, property tax is one issue.
Why Austin, you wanna ask? Because, I think Austin is the only location I can live in TX other than becoming a bacon in the summer.