Enjoying the Process Part 5

[Ashley K. Butler]

Howdy BP Community!

Here’s a quick update on the journey to purchase a small multifamily house hack.

At first I considered San Antonio, but am currently considering the Phoenix market, also (as I’m already here spending time with family and enjoying the area).

So far, I have:

* I have studied and re-read Rich Dad, Poor Dad and read the Cash Flow Quadrant, and today I started Josh Dorkin’s and Brandon Turner’s How to Invest in Real Estate.

* Increased my savings rate and now have over $10K and a much better credit score. Currently on track to have over $30K before 2023 ends.

* I will be getting paid to go to school for Software Engineering, starting in September.

* Depending on how long orthopedic recovery takes (hopefully not forever), I’ll be looking to make my first property purchase as 2023 closes, or 2024 begins. 

It is looking like I will end up going VA or FHA Loan route.

For now, I am focusing on getting my health all the way back together, growing as a person, reading and studying. I just invested in Audible subscription, and am listening to Jim Kwik’s Limitless to break down past mental barriers/blocks. I cannot wait to get back into networking again, especially here in Phoenix!

Well, that’s all for now, and until then I am enjoying the process and hope you are too!

[Jeff Schemmel]

@Ashley K. Butler Nice update, and glad to see you're excited to house hack.  Give Craig Curelop's "The Househacking Strategy" a read.  I found his perspective healthy and energizing.  I like to "double-dip" by househacking and forcing equity, similar to what @Jordan Moorhead did when he was in Minneapolis; his network has really enabled me to be successful in a big way.  You can learn to own a property, manage tenants, make repairs, choose the right contractors for the job, what improvements make sense for the area/rental strategy, etc while househacking.  Good luck, you're so close!