Starting out by House Hacking

[Miguel Rodriguez]

So I'm starting out by looking for a MF property in Jefferson Parish. Of course I will be living in one unit and renting the others (hopefully find a good enough deal to actually get paid to live in there for awhile). I will be utilizing a 203k loan and am open to any and all advice from anyone wanting to help their fellow man! 

[Elizabeth Colegrove]

Welcome!

A lot of people on here got started by house hacking. We house hacked our first rental and used that money to fund our renovation on our VA loan. So we didn't do a 203b.

Well actually our income self funded our renovation and that "downpayment" ended up buying our first two pure rentals. So there are TONS of ways to get started. 

Make sure you post your numbers to the the buy and selling board because there are lots of people here who are more than happy to go over the numbers. 

That being said, take everything for a grain of salt. Everyone operates in different areas. While we do very well, within our "business plan" many people don't think our houses work. They do for us, but we have a very "different" plan. 

Look forward to seeing you around!