US Veteran Seeking Stats/Historical Performance on 4-Plex House Hacking

[Robert Ok]

Doing some prepwork for my first house-hack. I've been drawn to the 4-Plex method where you use your VA home-loan to purchase a 4-plex then rent out 3 of the units. However, I could use some historical performance information on how this 4-plex method stacks up. This is for the greater Dallas/Fort Worth area. I'm a rookie so bear with me if I get these terms wrong. When I mean "performance information" I mean things like Rent Growth, Vacancy/Absorption, Price Per Unit, etc.

Also, is there any other financial information I should be looking for, especially considering doing this for the first time? I'm literally going to be doing this for the first time ever? Thanks for all the input in advance guys

[Joe Funari]

@Robert Ok I am a fellow veteran & investor working here in the Dallas/Ft. Worth area. I have helped many fellow veterans over the years use the VA Guarantee (some call it a VA Loan) to purchase a multifamily property. With the VA Guarantee its zero down payment. But you must occupy one of the units for a minimum 1 year. So the biggest challenge my clients in your situation have is that one of the units is vacant or will be vacant in roughly 45 days. But definitely doable. But first I recommend you get your Certificate of Eligibility (COE) from the VA and get a pre-approval from a VA approved lender. I would strongly recommend you work with @Andrew Postell. He is a fellow veteran & investor as well. He has helped me & and many of my fellow veteran clients get our COE from the VA and a pre-approval for purchasing a multifamily property. So start there. 

Regarding the data for Rent Growth, Vacancy/Absorption, Price Per Unit, etc. I run the sold and rent comps for a specific property your interested in. Plus, pull other data that is relevant to this specific property. A lot of this data you seeking isn't public data becuase Texas is a Non-Disclosure state with regards to real estate transactions. So best way to pull this data is working with a licensed realtor. 

Plus, I have been an investor for many years. So I will be your "Boots on the Ground" to give yo that insight to make sure your making the right investment. Plus, my decades of experience as an investor, as well as, my contacts that have helped me become financially free will be your contacts. Andrew Postell is one of them (Thanks for the shout out Andrew!). Hope this helps. But I wish I would have started my REI journey this route. But my bride of +23 years doesn't want to live in a multifamily. Maybe someday when we are empty nesters, LOL. Hope this helps.