First-Time House Hack – Looking for Advice on 3–4 Unit Purchase in Houston

[Nomal Samaraweera]

Hello folks,

My goal is to purchase my first rental property, ideally a 3–4 unit multifamily. Given today's rates and prices, I realize an FHA loan with 3.5% down may not be realistic, so I've been exploring the Home Possible loan option instead.

I’ll be buying in the Houston area and I’m also considering Airbnbing the units I don’t occupy.

Does anyone here have experience with this, or recommendations on what I should be looking into before moving forward? I’ve been doing my own due diligence, but any advice or resources for further education would be greatly appreciated!

Thanks in advance.

[Holly Brown]

Hi Nomal, 

When I first got started, I also used the house hacking strategy, so I completely understand where you’re coming from. I’d be happy to chat more and help however I can. I also host monthly real estate meetups here in Houston, which could be a great resource for you. They’re a chance to connect with experienced investors, hear their insights, and learn ways to avoid common mistakes. Also may be a good way to find an equity partner if down payment is the limiting factor.