Rent Out Our Single Family and House Hack

Member since 2025 · 4 posts · 1 vote

Hi everyone! 👋
Real estate investing sounded like a great way to leave something to my kids, but I thought it would be a while before we could afford to start acquiring properties. Stumbling across Real Estate Rookie interview with Dion gave me the idea that we could rent out our small single family home and buy a duplex to house hack, with a 3.5% down payment. It feels great to have a plan to get started! Anyone have experience in this to give advice? Thanks!

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Aaron ZimmermanBusiness Member
Accountant · Chicago, IL · Member since 2018 · 2k+ posts · 1k+ votes
1y
As you buy your property, look very closely at the inspection report and understand what capex is required.
make sure to have plenty of reserves for the property. You don't want to be in a situation where you couldn't afford something bad going on.

It's one of the best ways to get into real estate and you can do it year after year if you so choose. It's a strategy I've personally used and couldn't recommend it enough.
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- Alyssa Rea
  OP
  Member since 2025 · 4 posts · 1 vote
  1y
  @Aaron Zimmerman thank you so much! That is what concerns me the most.🙏 we're definitely looking for a turnkey/cosmetic rehab, preferably with one tenant in place. We will be using those inspections 😬
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