Looking to househack

[Sam Hurtado]

Looking to start investing with a house hack. I’m wanting to invest in either a duplex, triplex, or quadplex. With the current events going on would you suggest I wait? Or start with a different strategy? Thanks in advance.

[Sam Hurtado]

@Jonathan Greene

You have some great points by looking at it through a completely different and creative angle. I have renovation experience as I’ve done subcontract construction work on the side for some time. I haven’t done my own landlording but I do have friends and mentors who are wanting to help and will share their systems to get me going.

The two points that caught my attention most were:

1) Having more reserves since its potentially 3x and 4x the cost and problems.

2) uneven duplex idea

After looking at these two points I’m almost immediately leaning towards the uneven duplex idea. Probably a very simple and usual idea for an experienced investor but as a new investor, I probably wouldn’t have thought of it and I believe most wouldn’t also. Plus, I don’t know if I want to have so much reserves tied up to my first deal. I really appreciate that advice as it opened my eyes to look at real estate creatively and through many different angles. Again, something simple but something that possibly make a huge difference at any size deal.

Thanks for your time Jonathan!