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Updated almost 5 years ago on . Most recent reply

User Stats

38
Posts
11
Votes
Gabriel Jordan
  • New to Real Estate
11
Votes |
38
Posts

Can you point me in the right direction?

Gabriel Jordan
  • New to Real Estate
Posted

Thanks for taking the time to respond.

Here's the situation. I am 30 & getting married in October. We are looking to stay in Kansas City, but I want to take advantage of an FHA to house hack on a duplex or any multi-family (wifey is cool with it). The plan is to stay in the house for the requisite time then move to our more permanent house. We would prefer to have fewer, nicer properties than a bulk approach.

Thoughts on this plan? 

Am I missing some huge pitfall?

How do I go about putting together the team to make this a reality? 

Thanks

Gabe

  • Gabriel Jordan
  • Most Popular Reply

    User Stats

    38
    Posts
    15
    Votes
    Parker Massengill
    • Real Estate Agent
    • Raleigh, NC
    15
    Votes |
    38
    Posts
    Parker Massengill
    • Real Estate Agent
    • Raleigh, NC
    Replied

    Hey Gabe, I think your plan is a good one. House hacking is a great way to start without a ton of risk. I don't know the Kansas City market but in my market, it's really hard to find duplexes (or tris, quads, etc.) so that might be one of your biggest challenges. Finding a good agent or wholesaler who can help you locate the right property should help you a lot. Joining and posting in local REI groups is a good place to start looking for referrals.

    Good luck!   

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