Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on .

User Stats

485
Posts
310
Votes
Maurice D.
  • Coppell, TX
310
Votes |
485
Posts

Live in Flip or house hacking Strategy in DFW?

Maurice D.
  • Coppell, TX
Posted

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?