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 Landlording & Rental Properties
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 over 4 years ago,

User Stats

51
Posts
31
Votes
Michael A DeAngelo
  • Columbus, GA
31
Votes |
51
Posts

preapproved for my fist house hack

Michael A DeAngelo
  • Columbus, GA
Posted

Hey BP, im ready to start my journey to financial freedom through real estate and trying o take the first step. i just got preapproval for a FHA loan up to 190k. i currently live in an apartment and pay 850 a month for rent plus utilities. i want to find a multifamily to start house hacking to chop my living expense down and start building my rental portfolio. i was just wondering if any more seasoned home buyers have any tips tricks or advice for a first time home buyer.

some of the questions ive had are 

1.) Should i try to get a duplex or are more door more better? lol

2.)Any tips on negotiation on the homes price? 

3.)Is there any way to use OPM or any way to also leverage the 3.5% down payment?

4.) any thoughts or opinions on multifamily houses that look like SFR but may be divided by floor? Do you find these are harder to fill vacancy in?

Any response or advice will be helpful!