Rent or become an investor.....help

[Terence Crafton]

I know by the title it's really a super no brainier! 

I'm currently located in Texas about to relocate back to Kansas City Missouri 12/26/23.

I'm desperately wanting to house hack with a 4-plex but I'm not sure if I'm able to afford it or qualify. Thus the reason I feel I may have to rent for a year until I can make sure I'm in a better position to win.

I need help. I guess starting with finding out if I'm on track towards passive income. If not, then I'll need help to find a place for 12 months.

Any help or advice will be very much appreciated. Thank you for your time. 

[Jason Allen]

Quote from @Terence Crafton:

I know by the title it's really a super no brainier! 

I'm currently located in Texas about to relocate back to Kansas City Missouri 12/26/23.

I'm desperately wanting to house hack with a 4-plex but I'm not sure if I'm able to afford it or qualify. Thus the reason I feel I may have to rent for a year until I can make sure I'm in a better position to win.

I need help. I guess starting with finding out if I'm on track towards passive income. If not, then I'll need help to find a place for 12 months.

Any help or advice will be very much appreciated. Thank you for your time. 

A quad would be great if you can afford one (or find one...) but realistically a duplex is almost certainly quite a bit cheaper, and likely easier to find. Rather than trying to chase down or hold out for a quad, just start looking for anything (triple. duplex) where the numbers work, even a large SFH (if you're down with roommates). If you can make the numbers work with these interest rates, then a few years down the road, if rates go down, you can refi and really cash-flow. If rates go up, you will be very glad you got locked in when you did. Don't be steamrolled by analysis paralysis...