@Shelby Pracht Absolutely amazing Shelby!!!! Congrats to you both. I think this is such smart thinking. I am extremely inspired to continue on my path sometimes I feel unmotivated because of lack of resources but your story gets me back on track. I'm 50% to my goal of retiring my fulltime job and becoming a full time mom with an amazing income. Thank you for posting this I hope to reach this goal quickly.
Hi @Matt Owen . We got our primary residence and our duplex both through the MLS here in Mammoth. Both properties we had been following pretty closely (one because it was in pre-foreclosure, and the other because they put a for sale sign up a week or so before they actually listed it) so we knew what they were worth and had offers in the day they were listed. That was a HUGE advantage, as there were definitely multiple offers on each. Multi-family here in Mammoth is great but the entry price is pretty steep. I know a gentleman trying to sell his four-plex that could use a little love and it's still going for 700k. I think there's a fine line between patience in waiting for the right deal to come along, and diving in and learning as you go. I'm sure we could have found a deal that would cash flow even better than what we got, but I'm also glad we decided to jump in and get started. We can always sell and move into a different property if that perfect deal comes along. I'm definitely still learning.
I really love the house-hacking strategy of renting out rooms in your own home. I know that's not for everyone, but we love it. We've met some of the coolest people too. Other investors, entrepreneurs, a guy who is going to be on Shark Tank next season, and even professional swing dancers. It's great "networking" too :)
Good luck finding that first deal!
Awesome story @Shelby Pracht ! Motivated me to really look into house hacking via duplex, although it's a bit harder to find in my area.
What a dream come true guys!!
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