Advice for a new newbie

[Vanessa Valenzuela]

Hey everyone! My name is Vanessa. I'm a newbie to real estate investing and would really appreciate and love some guidance. I want to focus on multifamily properties, however in my city there are very few options for multifamily, adding onto the fact that I've been around those areas, and I do not feel safe which doesn't strike me as a wise house hack. What's your advice for house hacking single family homes? or maybe look into different strategies? There are loads of options with single family properties that are in class a,b and c+. What are your thoughts? Thank you in advance!

[Wesley B Williams]

Hi Vanessa, and congratulations on making the decision to jump into the real estate investing world! The first thing that I would do is try to find an agent in your area who is familiar with house hacking and hopefully invest themselves. They will definitely be able to give you lots of great hands on help. But as far as house hacking a single family, that is a really great idea! I helped one of my friends do that last year and it worked out wonderful for him. He bought a 3 bed house and had 2 room mates which covered his whole mortgage, and is now in the process of finding another place to do it all over with. and will cashflow big time on that 1st home now that it is getting the full rental amount since he moved out. Let me know if there's anything I can help you with good luck, looking forward to hearing about your success story!