House Hack Again or BRRRR

[Griffin Malcolm]

Hey All,

I'm approaching my year of owner-occupancy on my first house hack this May. It currently covers all my living expenses, and when I move out would flow roughly $650 for me. Pretty stoked about that. 

I've been doing a lot of research into BRRRRs in the meantime. I've got an agent who sends me deals, some of which are off-market, contractors who can do the work, a hard-money lender who seems to offer good terms, and a property management team I trust. That's the core four I've built over the last 5 months. Not finding any great deals yet though and the payment and holding fees wouldn't leave me with much cash leftover. I feel good about doing it if I can pull all my money out at refinance but that seems almost like a gamble.

This leads me to thinking about a house hack again, although there's no way to recover those funds. My question is whether I need to trust my analysis and agent to find a deal and wait for a BRRRR so I can scale quicker, or play it safe and crank out another house hack in May. I appreciate the community here and any advice. Thanks!

[Conner Olsen]

David Greene says house hack every year and if you have funds left over buy investment properties.