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Updated about 1 year ago on . Most recent reply

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1yr of renting vs becoming a multifamily unit investor

Terence Crafton
Posted

I know by the title it's really a super no brainier! 

I'm currently located in Texas about to relocate back to Kansas City Missouri 12/26/23.

I'm desperately wanting to house hack with a 4-plex but I'm not sure if I'm able to afford it or qualify. Thus the reason I feel I may have to rent for a year until I can make sure I'm in a better position to win.

I need help. I guess starting with finding out if I'm on track towards passive income. If not, then I'll need help to find a place for 12 months.

Any help or advice will be very much appreciated. Thank you for your time. 

Most Popular Reply

User Stats

51
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Mathios Yonan
  • Real Estate Agent
  • San Diego, CA
11
Votes |
51
Posts
Mathios Yonan
  • Real Estate Agent
  • San Diego, CA
Replied

I'd suggest you get with a bank in KC and get prequalified. I say that because once you look for a property to purchase, sellers typically want to see a pre-qualification from the bank as proof you can afford it. 

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