Wanting to purchase my first multi family

1 Reply

I am currently renting a unit that's apart of a duplex and wanting to begin my real estate journey. I would like to begin small and get a feel for the process and slowly expand. I am 24 years old, always a bit short on cash and I have full custody of my 2 year old daughter so I would like to keep moving and live-in flips to a minimum. I was considering starting with a house hack. It crossed my mind that I could give my landlord a call and ask her if she has ever considered selling the property I am currently living in. But I also have the thought in the back of my head that the market is high and what if I buy at the top? I find myself hesitating to make the first move. Opinions on the house hack? What do you think about talking to my landlord about purchasing the property? Do you think the market is peaked and I will lose out on equity gain ? Any questions, comments or concerns are very much appreciated.

Instead of moving at all. Have you thought about staying where you are currently living and just acquiring properties out of state <$100k for cash flow.

Save up $15k for a down payment for a property that cash flows $250/mo. Then save up that cash flow and keep doing it over and over again. Then you don't have to live with your child in one of your projects.

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