How do I find my first investment (house hack)

Question

So I have been doing looking on Zillow, auction websites, and other online resources to try to find foreclosures and deals and I’m not having very good luck. This is a very open ended question but I want to know how you found your first deal?

Also if you have any tips for when I go to my first REIA meet coming up that would be great too! Thanks!

Dennis Nguyen · Answer

My first property was a house-hack, so I found it on market. I looked at the # of rooms the house had and the rents in the area per room. It made sense for me to live in one room and rent the others to reduce my living expenses significantly.

Tony Guarino · Answer

Hey Pat,

I found my first property on-market. If you don't have any experience, I recommend asking around for 'the best real estate agent for investors' in your area. I bought a duplex that needed work, negotiated seller credits, and got in the deal for $5,000 out of pocket. Tenants were already in place and paying rent and I was living for free, while paying down a mortgage. I'd be happy to hop on the phone and talk you through some things to think about. Shoot me a connection!

John Slater · Answer

My first deal can from what we believed was a vacant house (driving for dollars), turned out not to be.  but pretty much every other deal since, including my latest one all came from contacting the owner who is going through foreclosure.

Pat Rach · Answer

That what I plan to do I’m really excited to try out this method! Thanks for sharing

Pat Rach · Answer

Sweet! Will do

Pat Rach · Answer

Sweet, thanks for sharing!

How do I find my first investment (house hack)

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