House hacking, First property purchase

[Aidan Fox]

I am 21 years old who has spent the last 3 years dedicated to learning real estate. I now help run a local real estate group here in Eugene, Oregon. I plan on moving to Arizona in a few months for change and to fully dive into my investing career. I have a group of 4 going with me looking to rent out a house. I’m looking into buying the house myself and house hacking. I’ve saved a good amount of capital for a fha loan but can find other ways around it do do a different strategy. Should I start like this without even being there yet to know good locations and properties or should I rent first, and then purchase a house once I get comfortable there? If that’s the case should I house hack or buy a flip to accelerate my real estate career.

[Jonathan Roldan]

That is awesome you are starting so early in your career! You have enough time to look into a property before moving to AZ, I would recommend you look for a property now so you can house hack with your housemates. BP is a great place to get information on investing out of state. Why do I say out of state? Because you don't live there, and you have no idea what the neighborhoods are like! So If you know people out there, ask them to tell you about an area you are looking into buying a house, if they don't know the area and you have no one else to ask, you can do the following:

-Pay that person (if they are family they will probably be happy with a beer!) to go look at the area you are interested

-Talk to a real state agent

-Call a property manager

I would get in touch with a real estate agent ASAP, they will be your best quaterbacks (probably bad reference I don't watch football) they will connect you to all the people you need for getting your property and more! So get on Zillow or realtor.com and start analyzing while you are still in OR. You have been doing homework for 3 years... you can do this!

I wish you the best.