Newbie Looking to Get into First Multifamily Home

[Tim ORourke]

Hello Everybody!

Happy to be here. This seems to be where the wealth of real estate information is located! 

Currently live in Los Angeles, CA working as an engineer in Aerospace. Planning to move to the Denver, CO area in a few years (currently getting my masters degree). I want to start looking at generating rental income to offset my insane monthly rent but can't afford anything near my place of work to allow me to house hack. I am considering buying a multifamily home in Denver to get my feet wet, start generating some income, and have a place to move into when moving to Denver in a few years.

Any recommendations for my situation?

Much appreciated!

[Chris Lopez]

@Tim ORourke Are you working in El Segundo or Hawthorne? I know the area well and lived in the South Bay for a couple of years. IF you're renting now, buy a place to house hack where you live @5% down. Get creative and Airbnb or rent out room by room. Then when you're ready to move to Denver, buy another house hack. I'd do that rather than buying a multi as a long-distance landlord.