New to real estate Investing

[Jordan McCray]

Hi all! My name is Jordan and I am just started to build my future through wealth for me and my daughter and future family. I am based out of Marietta, Ga. I am a single father and very passionate about building wealth and achieving early financial freedom. I will be 28 in June and want to start by house hacking a multifamily unit. I just wrapped up the book Set For Life by Scott Trench and it helped open my eyes! 

I am excited to connect and learn from everyone! Feel free to give me any tips and advice on my journey! 

[Steve Daddeo]

Hey Jordan, welcome to the community and huge respect for the path you're on!

House hacking a multifamily is an awesome first move. It gives you both cash flow and a place to live, which is a powerful combo for building wealth early.  Here are a couple quick tips that might help:

1.Run your numbers conservatively: Assume vacancies and maintenance costs are higher than you expect. It’ll keep you safe.

2. Location matters even more with multifamily: Make sure you're buying in an area where you can easily fill units with good tenants.

3. Start networking and building your team now: A great agent, lender, and property manager (even if you self-manage at first) can make or break your deals.

I hope this helps. If you ever want to bounce ideas off someone, feel free to reach out happy to help however I can!