New member from NC/CT

[Tim Johnson]

Hello all,

I am currently living 30 minutes south of Asheville, NC, but my wife and I are moving back home (to central CT) in mid-2019. Once we get settled back in CT I would like to begin to invest in rental properties...I guess I have some time to do some research and begin to network! I have started to listen to various rental podcasts and read business/real estate books. Additionally, I am nearly halfway through my MBA program as well. When I can, I try to make my schoolwork applicable to real estate. I have already learned so much from BP by browsing through all of the threads. I can’t wait to learn even more!

Best,

Tim

[Filipe Pereira]

Originally posted by @Tim Johnson:

@Filipe Pereira

Thanks for all the info! If the right multifamily property came along I think that would be really great. However, I think we’re looking for a single family home for now. Some things I discussed with my wife were:

1. Buying a multifamily house and house hacking for a year or two.

2. Buy a single family home in Manchester, West Hartford, or New Britain and live in it for a year or two then begin to rent it out.

3. Buying a house were actually going to live in for a while and save money for a SFR or MFR.

If I were you (and if your wife is on board) I would definitely try to buy a MFR and live in one of the units to minimize your cost of living - which in turn would allow you to save more quickly for your next purchase - whether that be SFR or MFR.

Of course once you move out you can rent that unit as well, which means greater cash flow. Just remember, happy wife, happy life! :)