Newbie out of Chattanooga, TN.

[Mayson Yancey]

Hey there, my name is Mayson Yancey and this is my first discussion post on Bigger Pockets. I am 20 years old and eager to start the journey of financial freedom. My plan is to house-hack a multi-family property with an FHA loan. I have been analyzing a minimum of one deal per day and keep getting negative or low cashflow. I'm not positive if I am overcompensating for estimated cost like maintenance, HOA fees, etc. or if the properties are simply overpriced. Any advice from local or out of state investors would be greatly appreciated. Currently I am only using property websites to find deals. Thank you!

[Paul Leavitt]

Hey @Mayson Yancey! Congrats on taking the first step to get out of the rat race! The market has definitely cooled from a buyer's perspective, I'm just wrapping up my first BRRRR in Chattanooga which I purchased a year ago, and now that I'm looking for more deals, there definitely seems to be fewer than there was 9-12 months ago. Definitely hit the BP Meetup I'm Chatty (when it gets going again), and get on some wholesaler email lists. Good luck!