Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

14
Posts
8
Votes
Derrick Casson
  • Investor
  • Chicago, IL
8
Votes |
14
Posts

First Year of House Hacking, Then What?

Derrick Casson
  • Investor
  • Chicago, IL
Posted

Hello everybody, I'm new to real estate investing and am currently just in the planning stages of how I want to get started and reading everything related to rental property investing. I have been reading "The Book on Rental Property Investing" and there's a portion on house hacking. This makes the most sense for me because I'm 24 and don't own a house yet and I am currently renting an apartment so house hacking would be a great thing to start with.  

So I get that, and that you have to stay in the property for at least 1 year, but my question is after that first year or two, how do you move forward? I can use the cash flow from the place I'm living in and renting out to buy a new property but I want to move out too and get a house for myself. How do I get a spot for me as well as be able to purchase more properties for me to rent out after that first year or two?

Loading replies...