22 year old looking for house hacking tips

[Eli Gosnell]

Im 22 years old looking to move to the Spartanburg area. I'm very interested in real estate investing and want to begin my journey with a house hacking deal considering im in the market for a new home myself. What are some of the most important things i should keep in mind and best practices any of you experienced house hackers out there would tell your 22 year old first time investor self?

[Ryan Konen]

Focus on finding a property in a desirable Spartanburg neighborhood with strong rental demand, such as a duplex or a home with rentable rooms. Use low-down-payment financing like FHA or conventional loans and ensure the rental income can cover most of your mortgage. Prioritize cash flow, minimize expenses, and build a financial cushion for repairs or vacancies. Always analyze deals thoroughly and focus on learning from experienced investors to maximize success. The most important piece I would say is trust your gut as well and get the first one done.