Newbie Investor from New York, NY

4 Replies

Hi BP Members,

My name is Sheila and I am a new member to BP as well as new investor. My husband and I have not started yet and are eager to do so. We are interested in starting with a multifamily home and living in one of the units. We are also looking for a great REI broker to help us get started. Do any of you have any recommendations or advice to consider before we move forward? We would really appreciate it!

Hello Sheila,

I think house hacking a multifamily property is one of the best ways to break into REI. One thing I'd suggest is getting a good CPA who works with other investors. There are tons of tax benefits associated with MFR and you can save tons throughout your investing career.

What areas are you targeting for your first purchase?

Best,

Abel

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