All Forum Posts by: Nate Saenz

How does your wife feel about house hacking? You could get 3 doors at once and a place to live for free with a quad MFH. 

What your question? Invest in Austin, this is the mecca of appreciation. Now is a good time to find something under market value and leverage your cash. You will have good quality tenants and will be in a market that has long term potential 

Good deal!

One of the things you'll find out is that your capital will run out quick (especially if you do any other investing on the side 401k, IRA, HSA, 529 etc) - doesn't matter how much you make.

You figure 4 places at 150k a piece is 120k is just downpayments going the conventional route - add in closing costs, misc expenses, small repairs etc and you're up there pretty quick (and those are cheap places). 

SFH are also going to be hard to cashflow without a significant rehab - this is where you make your money - buying a place that needs a rehab and completing it for 80% or so of the ARV. I used my own money to fund my rehabs, but again, you'll find your capital tied up until you can refi (which is somewhat risky right now, so it's important to get the rehab done fast) or use a HML

Good luck, it is a fun hustle!

Welcome.  If you have never had a rental property, I'd suggest you start out with one.  Buy the others in 2024 or over the next few years.  You learn a lot from the first one.  Do you have the money to buy all of those properties (down payment, room to borrow the other 80%)?

Hey Nate! Im in Austin as well, but investing in Birmingham, AL and plan to move into MFH next year. What market are you looking at for SFR?