All Forum Posts by: Logan Ogg

Hello BP,

I am looking to get started with RE soon. My wife and I are moving to Columbus , GA in the next couple months and are looking at homes to buy in hopes to live in for a year or so, then buy a new home and lease the old one to a tenant, or rent it in other ways ( airbnb, etc.) 

In my head I see this as a very passive way to get started, which isn’t how I’d like to start in my RE tenure, but with my new job requiring a lot of my time, I see this as our best option for now. 

Questions: Does anyone have experience with buying new homes, living in them as the primary residence for the x amount of time banks require, then buying a new home and renting/ leasing it out and continuing that process?
How long do you need landlord experience before you can count income from the old homes rented/leased toward my DTI ratio ?
What are some other things to consider when doing this kind of REI?

If this plan is plausible, I want to do this for a few years to dip my toes in the water with being a landlord before trying a new REI style like flipping/multi family homes, BRRRR, etc.

Thank you for your time! And if anyone is in Columbus and wants to meet up in the future, don’t hesitate to PM me 

BP,

I am new to REI, but I've been doing my research to find the best way to start off, and am open to your opinions too.
I want to use FHA or my VA loan to "house hack" a small multi family home for CF. The hardest part, besides running the numbers and finding a good location, is convincing my wife to live in a duplex or Triplex with our newborn twins.
I would love to hear about any of your experiences with living in a small multi family home like that (with a family) how many beds, baths, and sq. feet it was and how comfortable and manageable it was. 

If it was only up to me I’ve always been able to adapt and could live in a studio with 4 people, but I need my wife to be happy with the circumstances too. Any advice would be much obliged!