Updated almost 5 years ago on . Most recent reply
Multi-Family (house hack) or SFR
Good afternoon BP Family,
Today I sat down and decided that I had really done enough research on potential properties to jump in the deep end and stay afloat.
My wife and I currently own two rental properties but due to being active duty military, We've had to move and living in an apartment can not be anymore annoying than offering on countless homes only to be out bid because the numbers don't work. I'm out of VA loan money and this will be our first actual conventional loan experience and it's because of this that we're thinking of doing a less than ideal home that we can fix up over time while saving for another more acceptable home to raise two growing boys in.
With all this said, I’m really trying to convince my wife to do a multi-family house hack as this would jump start a truly amazing compound effect without having to purchase a forth rental for a while.
Advice or suggestions to this idea or am I being over zealous? Is my wife being to conservative or am I not selling it enough? We’re a military family and we do have two boys so as you all have heard or argued yourself about safety or raising a family while running a rental could be hectic for sure.
Thank you all and Happy 4th of July weekend!