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First Deal-House Hacking-Advice

6 Replies

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user profile avatar
  • Posts 50
  • Votes 18

Olivia Jones
from Gulfport, Mississippi

posted about 2 years ago

Does anyone in my area have advice for a newbie who  house-hacks?  I'm presently looking in Gulfport, Ms High area.   Who knows, the sophomore may graduate early! I'm looking to house hack a duplex or triplex  and  then  rent my current house.  I can house hack for a year or two and locate a smaller house to move into when I retire from my full-time employment.    Thanking you in advance for any information!

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Check Rosette Top Subjects:
Rentals and Real Estate Finance
  • Posts 176
  • Votes 176

Wil Reichard
Rental Property Investor from Greenville, SC

replied about 2 years ago

They've got a lot of really good articles about house hacking. Make sure the numbers work and that you've saved enough capital for the down payment and closing costs plus some for reserves. Good luck

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  • Posts 50
  • Votes 18

Olivia Jones
from Gulfport, Mississippi

replied about 2 years ago

@Wil Reichard -thank you!  I'm trying to use all my free time reading articles on Bigger Pockets and webinars and real estate books!! I get overwhelmed at times, but when you try to change your life around, it takes patience!

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Check Rosette Top Subjects:
Rentals and Real Estate Finance
  • Posts 176
  • Votes 176

Wil Reichard
Rental Property Investor from Greenville, SC

replied about 2 years ago

it does! Some good books... rich dad poor dad. Millionaire real estate investor. (Trouble trying to look the part like I di and buying nice cars? Millionaire next door. The riches man in Babylon. Take your time. Try to find someone to look over deals with. It Elis to share ideas with Like minded people. DM me if you ever got questions 

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  • Posts 253
  • Votes 108

Louise Alexander
Rental Property Investor from Louisville

replied about 2 years ago

@Olivia Jones

Hey!  I'm not in your area, but just wanted to give you some encouragement.  Your plan sounds great!  I'm house hacking at the moment and happily living for free.  You can't beat that....  Let me know if I can help with any specific questions you might have....

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  • Posts 50
  • Votes 18

Olivia Jones
from Gulfport, Mississippi

replied about 2 years ago

Thank you @Wil Reichard .....Such great advice!  I am so glad that I found this site!! I will always let others know what I don't know!!  I'm looking at all the duplexes in my area and trying to learn what is a great deal here. (and still reading-will add Millionaire real estate investor)  Thanks again!

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  • Posts 50
  • Votes 18

Olivia Jones
from Gulfport, Mississippi

replied about 2 years ago

@Louise Alexander -hey thanks so much for the encouragement!! I moved here for a better school for my daughter, now I'm moving on to doing something for myself.  Living free would be a dream!!  

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