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Updated over 4 years ago on . Most recent reply

User Stats

20
Posts
14
Votes
Kyle Weinapple
  • Lender
  • Baltimore, MD
14
Votes |
20
Posts

House hack or BRRRR for first property

Kyle Weinapple
  • Lender
  • Baltimore, MD
Posted

Hey everyone, supper happy this website is available. So I just graduated and have a full time job paying me well. I currently live rent free with my father and have about 20k saved up. For my first property I can't decide if I should house hack a single family property and live with a few roommates and generate cash flow of like 300 a month and then save up to BRRRR. Or should I start my first BRRRR and continue to live rent free with my father. Any opinion is great help to me. Thank you.

Most Popular Reply

User Stats

3,673
Posts
3,452
Votes
Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
3,452
Votes |
3,673
Posts
Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
Replied

@Kyle Weinapple Why not do both. Thats how I got started. I bought my first duplex on OSU campus in Columbus OH. I rented it out to my buddies for super cheap and renovated the entire building. I then Rented it for top dollar and refinanced. I was left with a check from the bank to go buy my second property and alot of CF coming in from that duplex!

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