Thorough Feedback and Mentor

[Arthur Vivero]

What’s up Biggerpockets My Name is Art Vivero I’m 26 yrs old in the College Station, Tx market. I’m in the Educational stages of building my investment portfolio just studying my market and storing money for my 1st deal. My Plan is to build a portfolio that consists of Multifamily Rental Properties and grow into Commercial Multifamily when the opportunity and preparation meets.I will acquire my 1st property By the top of Next year, initially planned to owner occupy a Multifamily Duplex and House Hack my 1st investment do some light rehab then move out after a year and rent it out…but With my Wife 3 children And a 4th child on the way space is important to us and I don’t think that my original approach/strategy to House Hack the Duplex will work for us.I just want to pick the brains of the experts I don’t want to make this to long just needed someone to bounce my thoughts and questions off of. I went Back to the drawing board and I adjusted my approach and I’ve decided to go with a Single family that is suitable for my Family but that I can also Brrr for my First investment improve the value, rent it out and hold on to the property as my 1st rental then pull from the Equity gained to invest in the Multifamily Deals to start building my Portfolio. Will this new Plan/Route be Beneficial moving towards my Goal of building a strong Multifamily Rental Portfolio or will this hurt/disrupt my process?

[Gregory Schwartz]

Cashing out can be a difficult process in TX and with rates on the climb, I would be careful with your exit strategy and assumed refinance rates. Personally, I'd shoot for a duplex house hack 300-350k should get you into a 3 bedroom duplex. The adjacent side will rent for $1200-1500. With you PITI around $2200-2500. Lowering your monthly out of pocket to only $1000 per month while hedging against inflation and learning the ropes of landlording with training wheels.

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