Looking to House hack a Multi-Family! I need of some help

[Daryl Martin]

Hello Bp! I am looking to House hack a 4plex in the near future ( with in the next 6-9 months) and in need of some tips. I am currently in the process of taking steps towards my goal. For starters I've started Clearing my debt which isn't much. At the same time I've put in place a budget for my down payment and any other out of pocket expenses that will come along with my investment. Being that I will be a first time homeowner I'm looking to take advantage of an FHA loan. And most important I've made the decision to commit to doing everything it will take to reach my goal. I know in order to get the best possible out come from my investment will need to learn how to Analyze potential properties. Is there any specific books, webinars, Youtube tutorials etc. I should look into? Or any other helpful tips or process I am leaving out? Really looking to dive in head first but need a little help getting started.

Thanks in advance

Daryl

[Tyler Bushey]

House hacking is a great idea, I'd recommend moving into the unit that will rent for the least amount, or needs the most work.  This will bring in the most income possible so you can save/pay off debt/fix the unit/all of the above.  In my opinion, you can only read so much before you need to just jump in!  When estimating expenses, go well above what you expect!  Good luck!