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Updated over 5 years ago on . Most recent reply
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Brand new, From Las Vegas NV.
Hello all,
My name is Mahmoud, I am mechanical engineer residing in Las Vegas.
Me and my G.F. have been thinking about purchasing a home, but recently, we started reading more and more about investing in Real E. and thought that buying a small multi-family (house hacking) would be the perfect initiation for us.
I would LOVE to meet like-minded people, no matter what they do (investors,managers, lenders, agents), or where they are in their journey.
If you are down for some chitchat over some coffee (on me!) please don't hesitate to contact me!
Hope to get to meet some of you soon. Thank you!
Mahmoud
Most Popular Reply
Welcome to the forums @Mahmoud Khairallah. For what it's worth, I am working with a developer currently to bring A-class multifamily product (2-4 units) to the Vegas market since there is a sore lacking of it here. Message me if you are interested in this, it will work perfectly for house hacking.
In the meantime, you could try splitting an SFR, but it will be the equivalent of having a roommate with only one kitchen. It will give you more babysitting experience than property management experience, in my opinion. Also, is your goal to become a property manager or successful buy-and-hold investor? Those are different skillsets. I own multiple properties and am a licensed agent but have never managed any of them. I would focus more on accumulating enough capital or finding creative financing to get your first deal rolling without house hacking. Unless you are willing to tolerate a much less than desirable area :)
I agree with most of the sentiment behind Ran's posts.