Newbie Here (quick question)

[Stone Denning]

Hey everyone I've been investing for a while and reached a large milestone and am looking to scale now. I wasnt previously invested into the housing side of real estate though so I am looking for some help. This may be a very vague question but I am looking to start searching for a duplex- quadplex to start house hacking but I am not too sure on where to begin. This includes, do I talk to a lender first, realtor, etc. Looking for some help or maybe course suggestions. Sorry I know there is probably a lot to answer for this question just wanted a jump on where to start

[Bjorn Ahlblad]

@Stone Denning Welcome to bigger pockets! I'd talk to several lenders to get an idea of my buying power and decide on an area where you want to invest. Up top click on the tab LEARN, start there.

[Stone Denning]

Youre the man! Thank you so much!

[Jacob Hornberger]

Learn as much as you can, there's tons of resources here on BiggerPockets. A lender will be able to tell you how much you can afford. Be sure to shop around a couple of lenders for the best rates/terms. Once you're preapproved, you're ready to find an agent and start looking at properties. Finding a good agent is very important, they should be able to walk you through the entire process step by step.

Hope this helps! 

[Ben Firstenberg]

I think it all starts with the agent. Find a good agent who understands investing and they'll be able to help you connect the rest of the pieces. 

It's also important to get very clear on what you're willing to put in (money, effort time) and what you're hoping to get out (cash flow, appreciation, tax benefits). 

The clearer you can be about what you want, the easier it is to find. 

[Scott Johnson]

Quote from @Stone Denning:

Hey everyone I've been investing for a while and reached a large milestone and am looking to scale now. I wasnt previously invested into the housing side of real estate though so I am looking for some help. This may be a very vague question but I am looking to start searching for a duplex- quadplex to start house hacking but I am not too sure on where to begin. This includes, do I talk to a lender first, realtor, etc. Looking for some help or maybe course suggestions. Sorry I know there is probably a lot to answer for this question just wanted a jump on where to start

 It starts with understanding the market you're living in. If there aren't any Duplexes - Quad Plexes in your area, then they're a no-go. Duplexes are everywhere, but I live in a market where there's close to zero tri-plexes and I haven't seen an official "quad-plex" yet. 

The Agent can help with this, but learn your zoning codes that allow for multi-family housing and review the zoning map and master plan of your city/county. This will help you understand where they're located and where they might go. 

I'm being vague as well, but I hope that helps!

[Tiphany Weeks]

Hey, welcome to BP. Congratulations on making progress with your investment goals. Jumping into a quad or duplex is a great way to enter into the multi-family space before jumping into apartment buildings. I would start with finding an agent that has successfully assisted clients with quads & duplexes because they will be able to lay out a roadmap that will set you up for success.