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Updated over 3 years ago on . Most recent reply
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Multi-family/House-hacking guidance in Raleigh, NC
Hello Great People,
I am looking to purchase my first investment property in the Novemberish time frame. I am looking to house hack a 2-4 unit multi-family property, ideally near NC State as I will be going for my Masters and would like to be close, but definitely open to other areas close by. I have identified 10s and 10s of properties I would like to be in in the area by driving around on scouting. I am looking for guidance on house hacking in this area and the entire process in general. I have done extensive research on it but want to speak with someone with experience in the area house-hacking or purchasing small multi-family in the NC state/Raleigh area. I am looking to understand things like financing options(best banks to use), handling off market deals , using renovation loans etc. I know the market is crazy and I will most likely have to find an off market property that is a fixer upper and I am 100% willing to do that and work hard to find a deal. Really looking for guidance and would be thrilled to take you out for lunch , my treat, to learn from you. Really looking forward to talking with all of you.
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@Christopher Allen Love the enthusiasm. Very smart move to make. I don't want to be the "debby downer", but there is currently one(1) multi-family for sale in Wake County, currently on the market.
My point... research off market properties, which it sounds like who have some, and study up on strategies to make offers on these properties, off-market. I definitely recommend a realtor who knows the area and investing. I am also getting my masters at State right now, so reach out whenever. Go Pack!