Updated over 4 years ago on . Most recent reply
Advice for someone passionate about REI
It has always been my dream/goal to get into Real Estate Investing.
Out of college my wife and I bought a SFH as a live in flip.
After 4 years my wife finally gets and and is all in with me on REI... so thankful for her!
We sold out SFH for profit in November with the intention to get into a small multi family to house hack.
Over the last 3 years I’ve seen so many good deals, but now that we sold our home and are all in I feel like there’s nothing good right now, it’s a little discouraging. (We’ve made multiple offers on a few but also are in not wanting to settle for a bad deal) I’m still 100% committed to this, and am going to try direct mail this month but do any of you guys have any words of wisdom or at least some words of encouragement during this season of seemingly unknown and waiting in our real estate journey? Thanks all!
Most Popular Reply
Hey Jacob,
One option is paying retail for a property instead of seeking out a "deal". When looking for my house hack, I was looking for a deal as well a few months ago. I had to change my strategy and buy an ok deal but also took into consideration I would be living for free and interest rates are low right now. I would recommend looking at "all" of the benefits of house hacking and not just the purchase price. In 10-15 years, it probably won't matter too much what you paid (unless you did something crazy).
Dive in and get to it! Good luck on your journey.