Young couple looking to house hack

[Steffany Jensen]

Hi everyone! My husband and I graduated from University in the Spring, we both have full time W-2 jobs, no debt, a 780 credit score, about $25k saved, and live in Salt Lake City, UT. We’d really love to house hack, but are unsure of how to find the best deals or if we even have enough to get started. Any advice for us newbies?

[Heath Ryans]

@Steffany Jensen I always recommend going to an REI meetup in your area. Someone might know of a deal. Beyond that, get out and drive around neighborhoods you would be interested in. Make note of all the multi units in the area. You can buy a list from listsource or another site and comb through it if you dont want to drive everywhere. From there, mail to the owners and see if they would want to sell. Be upfront about what your looking to do. They may be willing to work with you, and you could possibly secure owner financing. To get a great deal your going to have to put in some legwork but it will be very much worth it.

I'm trying to move into it as soon as possible. Im pursuing a 4 unit deal right now, with hopes of getting more of the portfolio. Wholesaling is a means of learning the market and building confidence.