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Updated over 6 years ago,
Looking for first “house hack” deal to get started need help!
Hello everyone! My name is Thomas and I’m looking into getting my first property to start off this investing game! I’ve been doing a lot of research and I’ve been lurking on these forums for the past month and felt it was time to join the site, get some advice, and finally dip my feet in the water. I am looking for a property somewhere along the western Suffolk area like lindenhurst/Babylon/Copaigue area. Some financials about me;
23
0 debt
About 65k a year
10k saved up
no kids and single
My credit score was a 770~ last time I checked
I live in my basement with my parents so paying no rent at all(I don’t mind living with them for some more years if that’s the best move)
The advise I need is basically figuring out what to do now, In Long Island I feel there are rarely any 2 family(duplexes) out here and obviously don't really want to pay market value as well. Just feel like I am starting to hit a stump or maybe the agent I've spoke to isn't much help?? Another idea I have is buying a SFR with a legal attached apartment and live in the apartment while renting out the majority of the house seeing I don't need much room. Let me know if I'm on the right path and if there's anything I can do differently!!
Thanks if you took the time to read this my friends!
-Thomas jr