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Updated over 8 years ago on . Most recent reply

Account Closed
  • Investor
  • Birmingham, AL
1
Votes |
2
Posts

First property and first house hack!

Account Closed
  • Investor
  • Birmingham, AL
Posted

Hello Everyone! My name is Jeramee and I am 20 years old. I've been reading a lot on REI for the last year or so and am about to take a dive into my first property! After reading lots of books, listening to podcasts, and just learning about assets vs liabilities I realized how much money I am wasting on University housing! With all of that said, I have decided to buy a nearby 4 bedroom property, live in one of them and rent out the other 3(house hack). Going into my first property and house hack, does anyone have any advice/ things you wish someone told you? Thanks

Most Popular Reply

Account Closed
  • Investor
  • Birmingham, AL
1
Votes |
2
Posts
Account Closed
  • Investor
  • Birmingham, AL
Replied

Brent, yes the mortgage is still very affordable with me going to school full time and working part time. Just assuming that because I live in a college town where everyone is looking for a cheaper alternative to that expensive university housing, with proper marketing I can keep my vacancies low! The property is relatively close to campus and I feel as if I can really market this and get some cashflow going to jump start my REI career

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