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Updated over 6 years ago,
Live in Flip or house hacking Strategy in DFW?
hi, I am restarting my RE investments, and looking for opinions here on my primary residence.
I want to improve my cash flow, I live in a rental spending 1,500/mo on rent, I'd like to get my spend to less than 1K,
I'm single, no kids so it's easy for me to move and I can get by with something small, but don't want Condos/HOA
I would also like to eventually house hack with a four plex, living in one of the units.
my thoughts are to see if I can get into a fourplex, I have about 170K cash. if that doesn't get me anywhere in the DFW, then my other option would be to buy a live-in flip and continue to save until I can get into a fourplex.
putting 20% down, puts me in a sub 180k range to get to a 1K mortgage included taxes.
I hear one can get a fourplex FHA loan, with as little as 15% down, but I don't think it would be good to be that leveraged on it to start with.
Thought? what else should I be looking at?