Searching for primary home & investments

[Mark Shubin]

Hello everyone,

My family and I are new to the area and looking for a place to call home.  We are currently staying in Surprise, AZ and we like the area but are open to other areas as well. We're looking to do some sort of house hack or seller financing to help with a lower monthly payment on a new single-family residence.  

Additionally, I am looking for a real estate investment opportunity, ideally something that produces decent cash flow.  Would love to partner with an experienced investor(s) here on a multi-family investment deal or something else that produces an income. 

[Wale Lawal]

@Mark Shubin

House hacking means buying a place and living in one part while renting out the rest to pay for the loan. Look for two, three, or four-unit buildings in areas you like. Get a pre-approval for a loan from a bank and use a real estate agent. With seller financing, the person selling the house lends you the money, and you pay them back directly. Look for places where the seller will do this and talk about the deal with them. Make sure the rent from the other parts covers your loan, taxes, and other costs. To begin, keep learning through books, online talks, and classes about investing in property. Start saving money, work on your credit score, get approval for loans ahead of time, and meet and talk to local real estate sellers, other investors, and people who manage properties.

Good luck!