Trying to House Hack
Hello, I am a college graduate that secured a full time job and is looking to house hack, what areas would be the best around dallas?
@Idowu Babalola. Where is your job and what is your budget ?
Quote from @Lucia Rushton:My job is in McKinney,TX and I am looking for a FHA loan for preferably a duplex,triplex, or quadplex.
@Idowu Babalola. Where is your job and what is your budget ?
Hi @Idowu Babalola, definitely connect with a local realtor.
I am sure @Lucia Rushton can help you out or she likely knows someone that can.
Since you are looking for 2-4 unit properties, you are likely going to have to expand your search than simply one neighborhood.
Multifamily properties are becoming more and more scarce these days so you might have to look a little wider.
If you get under contract soon, you can still get a rate in the 4s!
Hope this helps! Let me know if I can be of any assistance.
Hi @Idowu Babalola, I would look for the properties within your area. Multi families are difficult to come by in north Texas. One thing you could look at is getting a large home 5-6 beds and renting out rooms. Todd Baldwin does this in Seattle. Also, I am sure that @Lucia Rushton can help, but if she cannot let me know, I know a few agents in the area.
Hi @Idowu Babalola, if you are finding difficulty finding multifamily properties and can stomach the crumbs that roommates leave on the countertop, your initial idea of house hacking is definitely worth it. You can reduce your monthly housing expense while managing the asset. Good luck!
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@Idowu Babalola- best first step is to get a loan pre aprpoval in place
Quote from @Chris Webb:
Hi @Idowu Babalola, I would look for the properties within your area. Multi families are difficult to come by in north Texas. One thing you could look at is getting a large home 5-6 beds and renting out rooms. Todd Baldwin does this in Seattle. Also, I am sure that @Lucia Rushton can help, but if she cannot let me know, I know a few agents in the area.
Very kind of you Chris, yes we would be delighted to assist. Let's DM or my contact details are below.