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Updated almost 2 years ago on . Most recent reply

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Cody M Byre
  • New to Real Estate
  • WA
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9
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Best options to focus on for 1st FHA house hack / MTR

Cody M Byre
  • New to Real Estate
  • WA
Posted

I know that I should be close to hospitals and potentially OSU. I could use help narrowing my focus to what is more likely to be successful.

-What is the minimum class of neighborhood I should consider?

-I was planning on getting a MF. Is SF worth considering?  (I can borrow 350k for MF but only 275k for SF).

-Am I likely to be more profitable with a beautiful duplex in a super nice neighborhood, or a 3-4 unit in a mediocre neighborhood?

If there are any other considerations I haven't thought of, please share. Thanks!

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Remington Lyman
#3 Out of State Investing Contributor
  • Real Estate Agent
  • Columbus, OH
6,630
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Remington Lyman
#3 Out of State Investing Contributor
  • Real Estate Agent
  • Columbus, OH
Replied
Quote from @Cody M Byre:

I know that I should be close to hospitals and potentially OSU. I could use help narrowing my focus to what is more likely to be successful.

-What is the minimum class of neighborhood I should consider?

-I was planning on getting a MF. Is SF worth considering?  (I can borrow 350k for MF but only 275k for SF).

-Am I likely to be more profitable with a beautiful duplex in a super nice neighborhood, or a 3-4 unit in a mediocre neighborhood?

If there are any other considerations I haven't thought of, please share. Thanks!


 I think you are overanalyzing your first house hack. When I bought my first property I had zero clue what I was doing. I never even thought about real estate investing.

Just find a 1-4 unit anywhere you feel comfortable living and FHA it. Worry about getting a great deal on your 3rd or 4th deal

  • Remington Lyman
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