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Updated over 4 years ago on . Most recent reply

User Stats

20
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14
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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

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3,673
Posts
3,452
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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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