New to the community - could use some general advice

[Chris Martin]

Hey everyone! I am new here to the community and looking forward to learning from everyone. I am looking to begin building a real estate portfolio - thinking a house hack is the most realistic way for me to get started. While saving cash for a down payment and other costs, I've begun to dive into podcasts, books, etc to try and get the ball rolling.

My dilemma is that my W2 job involves a lot of moving and uncertainty of my location year to year, or even splitting parts of the year in different areas. Currently living in West Palm Beach, FL, and there is a good chance I will be in Texas by the end of 2023. I would be willing to have properties that end up being long-distance investments, but that thought makes me a bit uneasy as a beginner. 

Any words of advice on how to get skin in the game, while also being at the mercy of a constantly moving W2 would be greatly appreciated!
 

[Chris Martin]

Quote from @Joshua Townsley:

I wouldn't stress about being distant from the property from an operational standpoint. Mostly, with a good property manager and good realtor to work with you won't have much to worry about. Even if the rental is close, if you want to maintain your sanity you should put people between you and the tenants/property. 

Do remember that if you use an FHA you need to occupy the property for a year so if at all possible, go for conventional loans on the house hack if you really think you will be moving soon!

I am an agent at investment only brokerage working in Broward, Dade and West Palm. If you need any support feel free to reach out and I am happy to give any insight I have!

Best of luck with your investing journey 

 Thanks Joshua, I appreciate the insight!