I would love to House Hack My First Property

[Alfred Wilson]

Hello all, I want to start by saying thank you to everyone that's involved in this forum. OKAY, so I'm a veteran and would love to use my VA to purchase my first home. However, as noted in the topic, I would like to house Hack it. I wanted assistance I'm finding properties that I can utilize. I'm new to investing and have just finished The Book on Rental Property by Brandon Turner. I'm also reading a few more books offered by the Bigger Pockets boon store. So, my question is how to find these properties and is it a good time to buy? I currently have been renting in the Norcross area but I work in Roswell. I've improved my credit score to the upper 680s. My issue is my lease is up in October so I want to put in the work early. Sorry for the long message but I really need help. Also, I'm not opposed to working with real estate agents and have a nice savings to cover closing cost if necessary. Any assistance would be great and much appreciated. Thank you all in advance for your service and enlightenment!

[Michael Dumler]

@Alfred Wilson, as an investor-focused real estate agent I'm currently house hacking and work with house hack clients regularly. You'll be in a sound position utilizing your VA loan. If you're renting and paying off someone else's mortgage at the moment, then it's always a good time to buy. The whole purpose of house hacking is to limit your living expenses while building equity in the home. If you plan to hold the property long-term, you'll be fine. Most primary residential deals are sourced on-market, however, if you're someone who wants to put in the work to acquire an off-market deal, then more power to you. Just understand, home owners get flooded by "cash buyers"/wholesalers, quite often. Might I suggest reading "The House Hacking Strategy" by Craig Curelop and "Set For Life" by Scott Trench? Furthermore, I agree with the advice noted above, if you can build your credit to 700+ then your loan terms/rates will be more desirable. Moreover, continue to save religiously and pay off any unnecessary debt you may owe. If you have any ATL house hacking or market-specific questions feel free to reach me via cell or email (contact info is listed in my bio).