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Updated about 3 years ago,

User Stats

7
Posts
5
Votes
Christopher Tile
  • Franklin Square, NY
5
Votes |
7
Posts

First Property. House hacking vs. Long Distance BRRRR

Christopher Tile
  • Franklin Square, NY
Posted

I currently live in Long Island, NY. I'm a 21-year-old accountant, actively building on my real estate knowledge + saving for my first property. With home prices on Long Island being extremely high (Nassau County), I wanted to get some advice from the BiggerPockets community on the most likely strategies for locking down my first property - House hacking a multi-family on an FHA loan vs. investing out of state (BRRRR)

I understand investing out of state for my first property might be very difficult and confusing, but I'm confident with proper education and preparation, it could be done (especially with a partner/mentor). On the other hand, a small multi-family house hack is definitely more realistic. I'm sure this topic has been discussed previously, but I wanted to start an active post so I can reply with more questions. 

Please feel free to ask me more questions about my background/intentions, as I'm looking for completely transparent/honest advice. 

Here's to my first post on BiggerPockets, and many more to come!

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