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Updated almost 2 years ago on . Most recent reply

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Louie Mikros
7
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8
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New Investor looking to house hack Small multi

Louie Mikros
Posted

Greetings to all. I am looking to house hack in small multi 2-4 unit. I currently moved into a room from a 1 bedroom apartment just to cut expenses which was a huge sacrifice but surely important! I have already been pre-approved and have lenders. I am also looking to use the 203k loan if needed in a property that has add-in value which im seeing is the majority of multis here. The reason why i am posting is because i know i need to start networking & opening some doors & hoping to connect with anyone who has connections to off-market deals or even any advice. As i see we all start somewhere. Any feedback would be greatly appreciated & thank you for taking the time to read !

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Wale Lawal
#3 Buying & Selling Real Estate Contributor
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
2,413
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4,524
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Wale Lawal
#3 Buying & Selling Real Estate Contributor
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
Replied

@Louie Mikros House Hacking is a great way to start and as you already know, you need some guidance. 

Below are simple guidelines to follow

1. Decide where you want to buy

2. Get hold of a great investor real estate agent (Make sure they invest as well)

3. Connect with an investor mortgage lender to get a pre-approval letter

4. Start house hunting

5. Make offers 

6. Close on the property and House Hack

7. Repeat the process again after 1 year or when you are comfortable.

Free free to send me a DM and I will point you in the right directions.

Thank you

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