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Updated over 4 years ago on . Most recent reply
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Looking for advanced advice
Hey everyone,
Looking for some advanced/veteran advice on how to expedite real estate acquisition based on my experience.
Current situation: I'm 27, in my first house hack. Purchased almost 18 months ago using a FHA loan. Currently locked in on a 30 year 3.625% interest rate resulting in my tenants paying the entire mortgage leaving only utilities for my side.
Long term RE goals: buy and hold long term rentals
With your knowledge and experience, how would you expedite your real estate acquisitions to obtain your goal in my current situation?
I already have an personal 6 month emergency fund as well as a separate large reserve for the property in high yield savings accounts.
Thanks for any and all advice!
Most Popular Reply
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- Real Estate Broker
- Cody, WY
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House hack a multi-family. Rinse and repeat. If you buy right, your first house-hack will allow you to live for free. The second house-hack could provide enough cash flow to pay for a primary residence for free and you'll have some serious net worth.
- Nathan Gesner
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