Hey all,

I’m currently spinning my wheels trying to lock in an investment strategy for my first home purchase. I’ve been pre-approved for $300K, and my goal is to find a property where I can add value cosmetically—think flooring, paint, cabinets, and other basic upgrades. I’m comfortable with this kind of work since I’ve spent a large chunk of my life working for contractors, so I’ve got some hands-on skills in the bag.

Ideally what I’d like to get out of this first purchase—is:

1. Immediate equity: I want the ability to add value right away and build equity quickly.

2. Cash flow: At worst, I’d like to break even on monthly expenses.

3. Location: I’m open to living anywhere within 50 miles of the South Philadelphia professional sports complex.

 I’m stuck between two paths (That I can currently see) :

• Buying a cheaper single-family home that needs heavier renovation, fixing it up, renting it out, and holding it.

• Finding a multifamily property to house hack—ideally 3 or 4 units—to generate stronger cash flow, though I realize these might be harder to find and could make it tougher to build enough equity to refinance or cash out in 1–2 years.
  
  

Ultimately, I want to be able to pull equity out of the property after that initial 1-2 year period so I can take a bigger step on the next deal. Would love to hear any feedback as I am open to any and all ideas. Cheers!