New Investor with $100k cash to invest

[Connor Thornsberry]

Hello!

I am just getting into Real Estate and I am currently in the "knowledge" state: reading books, listening to podcasts/videos etc. 

I will be purchasing my first home/investment property in a little less than a year. I am looking at house-hacking, but not sure if that is the right approach since I have $100k cash. 

Would you recommend buying a small multi-family home and renting all units and then purchase a small "starter-home" for my SO and I to live in or should I try to find a small multi-family home to house-hack?

Any suggestions/comments are appreciated! 

Thanks!

Connor

[Ashley Cross]

I always suggest new investors to house hack if they can. You’ll have better loan options and you can always move into a single family down the line. You can then have more cash available for your reserves or to purchase an additional property.  I’m a MLO that lends in Indiana so feel free to reach out to get started with the pre-approval process or to run some preliminary numbers.