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Updated about 8 years ago on . Most recent reply
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House Hacking multi-family in Texas
I'm ready to expand my RE investment portfolio by jumping into multi-family in Texas. I want go the house hacking route and purchasing either a Duplex or Triplex with an FHA Loan to minimize my cash in the investment. I literally want to be in and out of the property in 12 months so that I can move onto the next one.
I see a lot of scattered information on this concept but haven't found anything linear to get me from A to B. Can anyone point me in the right direction? I'd like to know how to know about how to shop for it(MLS, wholesale, HUD, etc.), financing(different options and where to find a knowledgeable multi-family broker), and how to crunch all of the numbers so that I can properly vet a good deal. If there is an online guide, that would be optimal.
Could someone point me in the right direction? Thanks!
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@Michael Malloy - I don't have any specific recommendations for the other stuff, but when it comes to how to crunch the numbers, take a look at my blog post from a while back. This is how I do an initial analysis:
https://www.biggerpockets.com/blogs/6815/45137-my-...
Hope this helps! Reach out if you have any specific questions.