Almost Ready to Make My Next Moves

[Douglas Jones]

Hey Everyone, 

I have a couple single family rental homes that I bought 10 and 6 years ago. Haven't done much but keep them filled and pay down debt. Now I have a fair amount of equity and I'm trying to figure out what my next move is. I am intrigued by multi-family properties (2-8 units). Glad to be on bigger pockets.

Douglas

[Alex Waugh]

Hi Douglas,

I own and manage a multifamily property in Oklahoma City (a duplex) and it has been an amazing investment! I'm using the house hack model that BiggerPockets discusses as well, and I can't begin to explain the number of financial benefits that come along with it. Overall, there isn't many multifamily units in the Oklahoma City market. The inventory you'll see are either really old (1940's or older) or brand new. Single family homes took over as the leading building type for several decades and there weren't many multifamily properties built in-between. However, if you can find one, I'd jump on it because in my case, one side alone can cover the whole mortgage. I highly recommend this model! I hope this helps.