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Updated about 1 year ago,
Florida [First Time Hacker]
Hi! I've caught the house hacking bug and looking for any advice on this game plan. My wife and I are new to the REI world and are currently renting in NYC. Our lease is up in September 2024 and want to begin our house hacking journey.
We're thinking of FL as the first place for us [I could see us there in 20+ years & no state income tax is nice]. The long-term goal is to have FI ($5k+ monthly cash flow) through multiple properties.
- Both work remotely [ideally HH in Miami, but we understand this is a tough market]
- No debt / No Kids (yet) with $250k+ in savings for a downpayment. Thinking of going the HFA route as well.
- spending December in Miami for research mode
I've connected today with an Investor Friendly Real Estate Agent to kick start the process. When should we start making offers knowing our lease is up in September?
Open to any suggestions, ideas, and comments. Thank you 🙌