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Updated almost 5 years ago on .

User Stats

7
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0
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Dezmond Richardson
  • Washington DC Virginia, MD
0
Votes |
7
Posts

Begin with a rental property or purchasing a Hub home

Dezmond Richardson
  • Washington DC Virginia, MD
Posted

Any feedback on whether to begin my real-estate portfolio with a "hub" home so my wife and I could potentially live in for at least the next 10+ years or find a mult-plex as a primary home/rental property.

Issue: Wife and I are on the market looking for a home in the DFW area for the next 6 months.  We would love to begin our real estate portfolio with a multi-plex but we recently found a neighborhood that fit our criteria for a good place to start a family.  Additionally, this neighborhood is in a "midcity" area where my wife and I plan to invest, which is why we call it a potential hub home.  I'd also like to add multi-plexes that tailor to our ideal demographic (young professionals, college students) are going fast in our market. 

Context: We are in our mid twenties with no kids or debt and are trying to be realistic and consider all the possibilities.  We both know we want a family in our early 30s and we are very career focused.  We want to try to consider as many options to make our real estate journey as efficient and painless as possible.  

Request: Any advice, feedback, or even personal experiences would be greatly appreciated.  I am also open to hoping on zoom in the near future for more in-depth experiences.