Enjoying the Process Part 6

[Ashley K. Butler]

Hello and great morning (or whatever time of day for you) BP Community!

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

First, I was considering investing in the San Antonio area where I was previously living, but I am currently in the surrounding Phoenix market, and will most likely be making my first investment here, whether it be small Multifamily or Single Family Home and renting out the rooms.

So far, I have:

* Listened to, studied, and re-read several books, audiobooks, and podcasts in Real Estate, investing in general, and business. I really enjoyed Craig Curelop’s The House Hacking Strategy!

* Unfortunately had my vehicle broke down and had to finance a vehicle, as used car prices don’t make sense in this market, and I am by myself and need to make sure I have reliable transportation. Thankfully, the car will be paid within the next 6-7 months, but it slows my savings rate.

* Just under $15K in savings and over 720 credit score. With financing the vehicle I will have over $20K, instead of the $30K+ as I had projected previously before 2023 ends.

* I will still be getting paid to go to school for Software Engineering and working, after surgery recovery time.

I know people are saying now is the time to buy, but with taking on the vehicle payment, it does put a slight damper on the plan, even though it will be a short payment time. For me, most likely, I will be purchasing at the end of the year or early 2024.

Again, when it does come time to purchase a property, I will end up going VA or FHA Loan route, most likely VA.

The focus is still on getting my health and finances together, along with personal growth and maturity. I am also slowly building my network here in Phoenix, and am learning more about the area each day.

BP Community I’d love to hear your thoughts.

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