A Rookie Questions on starting out.

[Douglas Turner]

So I have a family of 6 and already bought my house. I know the easiest way to get into real estate is house hacking, but that just isn't an option for me. So what do you suggest, partner 50/50 or conventional loan? I have been reading, listening and watching everything. Just looking for some advice.

[Mark Pantalone]

House hacking will help out significantly and there are a ton of resources on this forum and website. I would highly suggest 50/50 partnership with a family or friend or if possible do 3 people in on the deal. No matter what it gives you the experience the confidence and the hands on experience to do it again. Most importantly if you are young or old it saves you a substantial amount of money.

Why cant you 1031 exchange into a large duplex?

Check out these two websites for more information on house hacking

1. https://househackingsuccess.co...

2. https://investingwithahousehac...

both offer great stories and resources!