All Forum Posts by: Billie Miller

We are house hacking right now and I would say definitely run your numbers based on both units being rented out. However, you also need to consider your personal financial situation as well. 

Assuming that one half of your duplex would cover PITI and the other half would cover the remaining expenses and cash flow, you need to determine if you could cover things like vacancy, repairs, cap ex, etc. while you are living in the unit.

Blog about it

Have you thought about house-hacking? By that I mean buying a multi-family (2-4 units), living in one and renting the other/s out.

It's not for everyone, but it has really helped my husband and I. We are in Denver and when we were starting out, we only had money for a down payment on one property. We live in one half of a duplex and the rent from the other side pays the mortgage.

My husband and I house-hack (house hack? is there a hyphen??) in Denver right now, I would definitely recommend it. It comes with pros and cons, but for us the cons are outweighed by the fact that we are living rent free right now and when we move out, we will have another rental unit producing cash flow.

I think that if you can find a property get your numbers to work out with FHA financing anywhere in the 3.5%-10% down payment range than you should do it and lock in the low rate.

Like @Dan Mackin said, it's tight right now here, but if you are patient and quick when you do find something you like, it can be done.

@Anson Young Thanks for your response. That is the impression I am getting. We are trying to decide what our strategy is going to be at this point, I'm starting to lean towards saving the money I would spend on marketing for wholesaling and putting it towards our own investments. It would be a slower strategy but maybe a better use of our resources given the market?

We aren't entirely sure what our timeline is for moving yet, but we will definitely keep you in mind when we are looking for a place. It would be very helpful to work with someone who also invests in real estate.

Hello everyone,

I will be moving to the Denver area soon from DC. My husband and I have been researching real estate investing for the past year or so and have decided this is something we want to pursue seriously. I have been reading posts and news on the Denver market and it looks very competitive. Originally, I was planning on starting out wholesaling to build capital and educate myself further on the market. My question to those of you who have been around for awhile is this: Do you think wholesaling is worth it in the Denver area or should I focus my attention on something else?

We are planning on buying a condo or townhome in SE aurora and eventually renting that out when we can afford to buy a bigger place. I am not going to be working when we move so I will have time to wholesale, I just wondered whether the market was already saturated and I should focus my efforts on something else. This is a very subjective question, but it seems there are quite a few knowledgeable individuals in the Denver area that could weigh in and I would appreciate their thoughts!

Thanks so much!

Billie Jean