House Hacking a BRRRR in Dallas

[Elliot Tan]

Hi Texas BP community! I'm looking to move to Dallas with my wife and 2 kids in the near future, and we want to house hack a BRRRR (or is it BRRRR a house hack?). Our hope is to build wealth and start our buy and hold portfolio by doing this 3 to 4 times (or however many times my family can take it!). Starting with a duplex and going from there! As we prepare to do this financially and mentally, we wanted to reach out to see if anyone has had any experience doing this in the Dallas market, and wouldn't mind sharing their experience.

Some questions we have are: Is this even possible? Haven't seen too much of it on BP. I'm having a hard time finding out what the mechanics of doing a house hack and BRRRR together are like.

Would also love to hear some of the realities that come with doing this with a family.  Any recommendations, difficulties, surprising joys you had from the experience would be great!

Lastly, if any of you don't mind, would appreciate getting at least a ball park idea of what the numbers would be.  I know each situation and property will have very different numbers.  But if you could share the numbers you worked with for you specific deal (purchase price, rents, refinance rates and if there are any difficulties refinancing while living in the property, etc....) I think that would be very helpful to know what's possible, and be able to start planning around those possibilities.  

Thanks for taking the time to read this post!