Ready to house hack!

[Isaiah Cuellar]

Good morning everyone, I finally completed step 0; build up my credit and save for a down payment. My current market is terrible, so I’m ready to move somewhere with more potential. I’m looking to speak to agents that have listings anywhere that can meet these following requirements: A class/ B+ neighborhood, no rehabbing necessary or only cosmetic, price no more than $250,000, and landlord friendly states only. I’ve realized that’s all that matters as every state has their own diamonds in the rough so I’m ready and willing to move anywhere. For clarification I do mean MF homes not renting out rooms. Thank you in advance.

[Mark Cruse]

Really? I  would like an apartment building in Georgetown DC, ready to go for 230k myself. I can want it for the rest of my life and thatś how long I´ll be waiting. Personally, I feel you should start off with understanding what actual reality is. I understand everything you are looking for, but if it were actually a normality, everyone on earth would be a wealthy and successful investor by now. I dont know the dynamics of every community of the United States, but under 250k multi in a class A/B community that needs no work is something I have never seen (in recent times). If its there, I can sincerely tell you itś not common. You should first identify an area where possibly you can come anywhere near the ball park of what you are requesting. After that, you need to understand the essence of risk vs reward. The higher the risk the higher the reward. A and B class communities which are very desirable are considered low risk. If they were widely available anywhere near what price point you want; millions of experienced investors who scan for this 24 hours a day would be there long before you. You most likely will have to evaluate the C class and maybe lower. There can be hundreds of things to consider, but the over all best approach in my opinion is to find a great (credible) turn key provider and see whatś the best they can offer (which still wont be near what you want).  Also you can acquire a Class C thatś  distressed and add value. Its so much to talk about and thereś so many moving parts but this is some food for thougtht. 

Good luck. I wish you the best!