New and getting started. AKA in need of a mentor

[Matthew Coltrin]

My wife and I are new to realestate. Our plan is to buy a 4 plex rent/bnb our current house out move 8n to one of the units in the plex str the other units and repeat the process for a few years to grow our portfolio.

Areas we are interested in,  Branson Mo, Myrtle beach SC, and Utah (our current state of residence)

[Matthew Coltrin]

Quote from @Christina Haws:

Hi, @Matthew Coltrin!  

I think that is a great way to get started! I live in Utah. I wish I had started that way when I was newly married or when my kids were a lot younger! The first place my husband and I lived in (as renters) was a duplex. A few months after living there, we came home from vacation to find that the duplex was up for sale! We freaked out and quickly began searching for a new place to live (rent). If I had known what I know now, I would have found a way to buy that duplex and live in one half of it and rent out the other half. House hacking is the way to go! It also helps to pay the mortgage. If you are going to live in the 4-plex, you can get an FHA loan and you only need to put down around 3.5%. That makes it so much easier to get into a deal! Send me a message if you want to chat further.

Thank you @Christina Haws!

 I wish I new about doing this in my 20's! While my kids are still young, we are hopefully still on the "younger" side. I feel that time quickly changing. So there is a sence of urgency. 

the FHA loan is definitely on the table! How to use it is our question.