New to real estate Investing
Hi all! My name is Jordan and I am just started to build my future through wealth for me and my daughter and future family. I am based out of Marietta, Ga. I am a single father and very passionate about building wealth and achieving early financial freedom. I will be 28 in June and want to start by house hacking a multifamily unit. I just wrapped up the book Set For Life by Scott Trench and it helped open my eyes!
I am excited to connect and learn from everyone! Feel free to give me any tips and advice on my journey!
Most Popular Reply
Hey Jordan, welcome to the community and huge respect for the path you're on!
House hacking a multifamily is an awesome first move. It gives you both cash flow and a place to live, which is a powerful combo for building wealth early. Here are a couple quick tips that might help:
1.Run your numbers conservatively: Assume vacancies and maintenance costs are higher than you expect. It’ll keep you safe.
2. Location matters even more with multifamily: Make sure you're buying in an area where you can easily fill units with good tenants.
3. Start networking and building your team now: A great agent, lender, and property manager (even if you self-manage at first) can make or break your deals.
I hope this helps. If you ever want to bounce ideas off someone, feel free to reach out happy to help however I can!