All Forum Posts by: Braeden Gould

Hello BP,

I am currently in the research/education phase of my real estate journey. After listening to podcasts, watching videos, and reading books, I think I have an idea of what I want my strategy to be (house hack small multifamily duplex, triplex, or quadplex in the DFW metroplex). Obviously, I still have so much to learn, but I wanted to set a goal in the meantime. My goal is to acquire 1 multifamily per year and scale as needed to ultimately make me financially free (Cash Flow at least $15k/month).

I just graduated college in December of 2022 from UT Austin with a degree in petroleum engineering. I am currently saving up money for a down payment on my first house hack. I am aiming to purchase sometime in the 2nd half of 2024. As I have been going through multifamily listings on zillow, realtor.com, and a few cre websites I have definitely found some quality small multifamily properties. The only issue is when I go to analyze the deal on the BP rental property calculator, it is cash flow negative. I realize that the current state of the market is most likely causing this, but I wanted to hear from some experienced investors on how to combat this? I am currently living in Midland, TX, but I visit my family in Dallas frequently. I have started "driving for dollars" and building a list of potential multifamily homes that I could inquire about in the future. 

If anyone has any advice (general or detailed) or even a simple story of how they got started, I would greatly appreciate that!

Thanks for the help!

Braeden