Househacking Advice For A New Investor

[Austin Lester]

Howdy! I am a new real estate investor in the Fort Worth, TX area. I am currently looking to minimize my housing expenses through househacking in a small multifamily. The goal is to pay no more than $500/month on rent. I have been searching the MLS for a couple of months without much luck. Is going through wholesalers the best alternative to the MLS in the current market?

[Ben Leybovich]

Well, think about it. he reason you are not finding what you are looking for is because everyone else is looking for the same thing and driving up the cost. Zig while they Zag...

I am doing a house hack right now and I started looking for the same thing, only to realize it aint there. So, I changed up the strategy. Look at multi-generational floorplans. In other words, there's a main house and an attached Casita (mother-in-law suite) with private entrance and bath.

Everyone wants a duplex. I've had this Casita on AirBnB for 4 months to a tune of $7,000 in cash flow on the books. Fantastic!

If I don't make $15,000 - $16,000 of CF to offset the PITI in the firs year I'll be shocked. I am actually so excited about this that I wrote a book hahah going to print in a month.

The main this, as always, don't follow the masses!