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Updated over 1 year ago on . Most recent reply

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Dorian Broadus
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New BiggerPockets member with hopes of House Hacking!!

Dorian Broadus
Posted

Hi everybody, 

My name is Dorian Broadus. Brief story is that i just turned 22 years and i work as a personal trainer. I intend to begin my portfolio build with a house hack into a triplex or quadplex. I currently have 1 year left in school to graduate with a business analytics degree. 

Here is my problem: I don't know what of focus on first! I plan to save up at a high rate for a 20% down on a (tri or quad plex) in a years time. I have so many questions. 


Is it smart to move across the states to find a house within my buy box?

What tools can i use to understand how to analyze a deal faster, and with more predictability? What should i be looking for exactly!!

What should my next steps be? I was thinking of trying to wholesale a house within the year. Would that be smart?  

Most Popular Reply

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706
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Michael Haas
#1 Classifieds Contributor
  • Real Estate Agent
  • 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
2,690
Votes |
706
Posts
Michael Haas
#1 Classifieds Contributor
  • Real Estate Agent
  • 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
Replied

Ownership is the way to go - if you can afford to own now (through househacking 0-3% down) do it. If you can't afford to own now side hustles, wholesaling, flipping, getting a raise at work, starting a company, etc are all viable to raise that capital. The specifics depend on your skillset, but the general formula of EARN-THEN-INVEST is tried and true. 

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HouseHack Seattle
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