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Updated 7 months ago on . Most recent reply

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David Herfel
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Advice for First House Hack

David Herfel
Posted

I am getting ready to get involved in real-estate for the first time. Planning to buy a duplex - quadplex in Louisville KY. Looking for advice of any kind here, but specifically I'm struggling to decide what I should be looking for in a first time house hack. Should I get a turnkey house or something to fix up? What is a good price range for a first house in Louisville knowing I have enough saved to make a large down payment if need be? 

Any & all advice welcome!

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @David Herfel:

It depends. Do you have money to pour into repairs or upgrades? Do you have time? Do you have the skills to do the work yourself, or would you have to hire someone? Can you handle renovations while simultaneously living in the home with roommates?

The fact that you asked this question indicates you would likely be better off with a turnkey investment.

  • Nathan Gesner
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