Getting into real estate

[Marcus Johnson]

Hello, im just getting in to real estate with crowdfunding & REIT's. What should my next step be, buying multifamily homes or individual properties?

[Jesus Roman]

If you can house hack definitely try to take that route. Don't forget there is basically 3 ways to house hack..

1. The most commonly mentioned one.. get a multifamily (duplex,triplex or fourplex) live in one unit and rent the rest out. Classic but might not work in all markets.

2. Get a single family home with a ADU in the back. Live in the back unit and rent out the front or vice versa. This is great option if the multifamily homes in your market are too competitive.

3. This is the one that worked for me when I started as I had 3 great friends to do it with.. I purchased a regular single family home lived in one of the bedrooms and rented out the rest to close buddies of mine. With this start I actually made $300 a month while living in my own home!