Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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,

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...