Updated almost 2 years ago on . Most recent reply
1yr of renting vs becoming a multifamily unit investor
I know by the title it's really a super no brainier!
I'm currently located in Texas about to relocate back to Kansas City Missouri 12/26/23.
I'm desperately wanting to house hack with a 4-plex but I'm not sure if I'm able to afford it or qualify. Thus the reason I feel I may have to rent for a year until I can make sure I'm in a better position to win.
I need help. I guess starting with finding out if I'm on track towards passive income. If not, then I'll need help to find a place for 12 months.
Any help or advice will be very much appreciated. Thank you for your time.
Most Popular Reply
I'd suggest you get with a bank in KC and get prequalified. I say that because once you look for a property to purchase, sellers typically want to see a pre-qualification from the bank as proof you can afford it.



