All Forum Posts by: Derek T.

2) If everything else is equal, I would totally buy a closer duplex and live in one and rent the other aka "House Hack". This offers you the opportunity to have a discounted mortgage/free rent while providing you with landlording experience at the same time.

So you think it would be better to "house hack" my first house as opposed to just renting out both units? Any suggestions are welcomed.

Thanks so much.

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Originally posted by @Michael Boyer:

2. The live in one side may be more of financing hack than a management distance hack, but you are on to something that the distance to work on the unit next door is ideal! Step right out and do it.

Is it really just that easy? Just get out there and do it?

Now my other question is that, should I just purchase the duplex and just rent out both units? I am renting currently. More cash flow better or logically I should live in the other side?

I am getting pre approved today actually and just wanted some ideas of what others would do for their very first dive into REI.

Thanks so much for the info very useful!

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Question about starting out earning passive income by renting out duplexes, tri, or quad. This would be my first time going into REI.

1. Would it be wise to buy and rent out a unit that is a couple hours away? It is completely rented out currently with annual income of about 14k. The duplex is priced at 65k. It has a property manager. Positive cash flow is positive cash flow right?

2. Would it be better to buy a closer duplex? Live in one side and rent out other? Rent out both sides?

3. Any and all help would be gladly accepted. I am really interested into getting into this. Financial Freedom is in my future.

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All Forum Posts by: Derek T.

Derek T. has started 1 posts and replied 3 times.

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