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Updated about 5 years ago on . Most recent reply

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52
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James G.
1
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52
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First time dmv investor advice

James G.
Posted

Hi all!  I’m trying to learn as much as possible in doing my first deal but have a few questions.

I know Multis are hard to come by in the area, So trying to figure out a house hacking / rent by the room strategy. ideally, I’d like to find a place where I can live in a basement and house hack the upstairs or vice versa (S.O. and I would like to at least have our own kitchen space.  Other things are flexible)  I’m Open to various locations in the dmv but need help targeting them.  

I don’t want to bother a realtor just yet as I’m in the middle of a lease and using that time to save and do research.

Secondly , I know ADUs would be good but I'd only like to live there the minimum and then move out and keep it as a rent by the room strategy. I don't think I can do that with an ADU, right?

So my main questions are:

1. What type of place should I look for?

2. Where do they exists?

3. How much do I need to save for this unicorn?


Most Popular Reply

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2,618
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899
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Dave Skow
  • Lender
  • Seattle, WA
899
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2,618
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Dave Skow
  • Lender
  • Seattle, WA
Replied

never to early ..if you are  thinking about  buying  - it smart to get pre approved

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