All Forum Posts by: Adam Smith
Adam Smith has started 1 posts and replied 4 times.
Post: Finding my first house hack property.
- Posts 4
- Votes 2
Great idea Matt. I actually belong to a credit union for my personal banking and I will definately check that out. Thank you so much for the advice.
Post: Finding my first house hack property.
- Posts 4
- Votes 2
Thanks Terrance! I’d love that. The more information and advice I can get will only get me more ready to pull the trigger when I’m able to.
Post: Finding my first house hack property.
- Posts 4
- Votes 2
Thank you for the reply and the birthday wishes!! I spoke with my retirement company and I can only borrow money out of it which would need to be paid back in 5 years. So I'm not sure if that is a route to go or not since that would be another "bill" to be paying. But like you said, would be interested in how others would advise on this.
Post: Finding my first house hack property.
- Posts 4
- Votes 2
I live in York, Pennsylvania and today I turned 46. I am going through a divorce, living with family and have 2 kids (10 & 7). I am basically having to start from scratch and I want to get into owning multifamily properties, starting with house hacking my first property. I want to be able to eventually have a property that I can give to each of my kids when they graduate high school as well as possibly be able to assist other single fathers that are going through what I was with my divorce and having a difficult time finding a place to live. While I obviously want to be financially free and set myself and my kids up for the future, I want to be able to give back to my community and ultimately be able to buy a smaller apartment complex to assist other single fathers.
I'm at a point where I am stuck moving forward until my divorce is finalized and possibly then having to take money from my retirement to be able to invest in the first property. While I know that I shouldn't dig too deep into my retirement, I know that I will be able to make that "investment" in myself back plus a whole lot more. I want this, I've prayed on this and I'm ready for this. I feel that I need that community of others who have been through this to give advice and mentorship. I'm so grateful that I found the Bigger Pockets YouTube channel and this site. I'm excited to see what my future holds.
My goal is that a year from today, on my 47th birthday, that I will be in my first property and ready to add more.