New Member Introduction

[Schyler Smiley]

Hi everyone, I am new to real estate investing but I’ve read several books and have been actively listening to podcasts to gain knowledge. I would be grateful for the opportunity to connect with others that have experienced success in this industry.

Ideally, I would like to invest in my first rental property within the next year or so BUT my wife and I are also looking to buy our first residence around the same time. I realize house hacking could be an excellent strategy in this scenario but because we live in a more rural area in Virginia and the number of multi-family properties available for sale appear to be very slim, this strategy may not be a viable option. We would prefer not to have to move further than one hour away.

Does anyone have any recommendations? If we decide to ultimately purchase a single-family residence as our primary residence, how will this affect our ability to finance a rental property shortly after?

Thank you all in advance for taking the time to respond.

[Schyler Smiley]

Hey @Benjamin Sulka, I hadn’t really considered a live-in-flip either so this is a great recommendation as it could be another great way to gain some education on the renovation side of things. We will definitely take that into consideration.

And thank you @Sloane Kraftsow, I will definitely read this article. I appreciate your willingness to help.