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Updated over 4 years ago on . Most recent reply

User Stats

61
Posts
27
Votes
Zachariah Hays
  • Rental Property Investor
  • Cleveland, OH
27
Votes |
61
Posts

Looking for advanced advice

Zachariah Hays
  • Rental Property Investor
  • Cleveland, OH
Posted

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

User Stats

28,065
Posts
41,071
Votes
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,071
Votes |
28,065
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

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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The DIY Landlord Book
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