First-TIme House Hacker Dallas TX

[Anna Hummer]

My goal is to house hack a 2-4 unit in the 75234 area.
I want to explore all my options, financing and buying wise.
I'm looking to connect with wholesalers, realtors, private/hard money brokers and mortgage brokers who are familiar with the area and are willing and able to work with a first time buyer.
I think I've learned as much as I can from studying, it's time to get out there and learn through experience!

[Shane Griffin]

Anna - Welcome to real estate! 

First - the best resource I can point you to is the bigger pockets networking page. There are lots of resources for realtors, lenders, etc. --> https://www.biggerpockets.com/real-estate-companies

Second - I would mostly agree with the other comments regarding it being difficult to house hack MFH in DFW and definitely agree that you should look at expanding your search area. Regarding the difficulty, I believe these statements are being made on the fact that it will likely not cover your ENTIRE monthly expense. That being the case, it doesn't mean that it won't work for you.

For example: If you were currently paying $2000 per month in rent and you went to purchase a $450,000 duplex that had a $3000 per month payment (inclusive of Insurance and Taxes). You could rent out one side for $1500 per month and this would save you $500 per month compared to your current housing. In addition, you could still rent out rooms on your side of the duplex to save you additional money. I started out doing this exact same method. I purchased a SFH that had a mother-in-law apartment on the back. I rented the MIL unit out and rented one of the bedrooms on my side out.

I wanted to post to encourage you to not be discouraged by the other post's. They are not wrong but there are other ways to look at it which could still result in you reaching your goals of house hacking a 2-4 unit house. House hacking is about reducing your monthly housing expenses. A home run would be cash flowing a house hack, but breaking even or paying significantly less is still a win. 

Take a look at your budget and real estate goals and go with the option that fits you best. Best of luck on your search!