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Updated about 5 years ago on . Most recent reply

User Stats

7
Posts
3
Votes
Donavon E Frost
  • Rental Property Investor
  • Portland, OR
3
Votes |
7
Posts

Any advice for my first property?

Donavon E Frost
  • Rental Property Investor
  • Portland, OR
Posted

Hey y’all

I am 20 years old and getting ready to buy my first property to house hack. I am very nervous and anxious about it.

Just looking for some advice!!

Most Popular Reply

User Stats

31
Posts
21
Votes
Harry Standafer
  • Investor
  • Lexington, KY
21
Votes |
31
Posts
Harry Standafer
  • Investor
  • Lexington, KY
Replied

Congrats, Donavon! One of the things I suggest is to get the most bedrooms that you can for your money. Another thing you might want to consider is when people are looking to move in, most leases are up in the summer so it would be easier for you to rent rooms out immediately if you waited a few months before you buy. I haven't read Craig Curelop's book about house hacking yet, but I'm sure it would be helpful for you. 

When you ask this question, narrow your focus. You're asking about everything, but you should focus on one thing at a time. How are you going to handle buying vs. landlording vs. financing etc.

I'm a few years older than you and I'm really happy with the house hack I have in Lexington, KY. Let me know if you have any specific questions as you get started! 

Good luck!

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