New BiggerPockets Member

[Tony Bryant Jr.]

Greetings, I'm Tony! 

Currently serving in the STL Metro Area, looking to begin my real estate investment journey locally and in the Midwest region. 

I plan to work through Primary Residence Investing, House Hacking, and/or BRRRR.

Grateful for this platform and really looking forward to the knowledge transfers, sharing of prospective, relationships/business ventures that may present themselves! 

Cheers to You All! 

[Benjamin Sulka]

Tony,

Welcome to the community! 

I'm in the process of developing a strategy and contemplating options for a house hack myself. 

Fannie Mae just announced that starting on November 18th, they are rolling out a program for 5% down on 2,3, and 4 unit properties. However, since these loans are less than 20% down, they will have private mortgage insurance (PMI) attached. Something to consider in your calculations.

Most investors suggest house hacking your first deal to get your feet wet and to learn how to be a landlord while paying a fraction of the mortgage. 

House hacking is the most feasible way to get into real estate with a small amount of capital which is why I'm pursuing it.

My recommendation is to get as active on the forums and absorb as much as you can. Set up keyword alerts for your local area to see if there are meetups or REIAs near you. Utilize Meetup.com or Facebook to find groups as well. 

All the best!