$200k+ corporate salary, wanting to house hack to get ahead

[Mark Smith]

Hi all!! Thanks for checking out this post. 

I’m from Scottsdale AZ. I have $50,000 I want to dedicate to my first multi family investment which I’ll live in for one year. 

I’m scared of losing my money, here’s why: 

1. Rates are high. I’m worried the property won’t cash flow enough. If I lose my job, I’ll have a big mortgage payment. Yikes! 
2. Property values… Many say prices are going to collapse. 
3. Looks like I can only afford an apartment in a somewhat shady/high crime area. Others are pretty far away from Phoenix (Sun City). 

Here’s the question! Should I be investing elsewhere? Nonresidential commercial? I want to start my real estate investing career as fast as possible but I don’t want to make a decision that’s going to set me back. 

[Mike Dymski]

At 200+k per year, you are in the top 5% of earners in the country.  With that and house hacking, you could accumulate a lot of savings quickly and never have a concern over sufficient reserves.