Newb Investor Looking to BRRRR and/or House Hack. Advice Welcomed
Hello BP,
I'm relatively new to the party. My name is Ryant friends call me Nel. I am new to investing. I work full time as an engineer in Memphis, TN. I'm actively searching for my first house hacking opportunity. It will free up some serious flow (that I'm currently paying in rent each year).
Based on my financial situation, I may be able to BRRRR either way, house hacking a multifamily is the most straight forward path for me. I am really excited.
I've been bingeing on both podcasts and reading every book that I can get my hands on. I've been analyzing potential deals about 5 per day for about 4 weeks. I've gone on home tours and attempted to estimate rehab costs ( got some tips from youtube ). I am preapproved and I have a RE agent who is going above and beyond to help me.
I'm committed and highly motivated to building a legacy and financial education for my future children and also provide great returns for family, friends and colleagues.
Any last words of advice before I take the plunge? Thanks