Introduction of myself

[Wendy Halverson]

Hi all! I'm Wendy and looking to purchase my first multi-family home where I can live in one side for a year or so. I would also like to purchase additional rentals and possibly vacation rentals. I'm a total rookie and looking forward to learning as much as I can. I'm really thrilled to be a part of this community!

[Melissa Justice]

@Wendy Halverson,

Hey Wendy and welcome to the community! You’re in the perfect spot to start learning and taking action.

House hacking a multifamily by living in one unit is a smart first move - it gives you rental income right away, potential appreciation, and a great introduction to property management with lower risk. Plus, it sets you up well to transition into additional long-term or even short-term rentals down the road.

If your goal is to scale into more rentals or vacation properties, this first deal can serve as a strong foundation - both financially and experience-wise. As you move forward, keep an eye on landlord-friendly markets with solid rent-to-price ratios and growing demand. Many newer investors have success starting in places like the Midwest and Southeast, where you can still find cash-flowing properties.

Excited for you to dive in - you’re asking the right questions and starting with a great strategy. 

Always happy to discuss more about specific markets or help run deals side by side.

Best of luck,

Melissa