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Updated over 2 years ago on . Most recent reply
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Buying first home with the idea to rent out in about a year or 2
Hey all, second post here. So my wife and I are looking to purchase our first property, we looked into house hacking a duplex/triplex in the Portland, OR area and with prices the way they are in our area it's pretty unreasonable to get anything in our price range. We're looking at single-family homes preferably with an ADU, finished basement, ie hoping we can still house hack. Our other thought is to find a reasonable townhome/single-family home/condo in a growing/good neighborhood that would be great for a rental property when we move out in a year or two.
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@Pax Magaway I am a huge fan of the live in starts. whether you have remodel or a house hack component either way it is a great way to get started and learn the house before having tenants in it.
Congrats on nailing down your strategy and taking steps the right way!