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All Forum Posts by: Brady Herbaugh

Brady Herbaugh has started 1 posts and replied 3 times.

We would plan to live there as our permanent address for a full year. That way when we have time off we actually have somewhere to go instead of staying with family or in-laws. Thanks for the advice it’s much appreciated. 

Quote from @Henry Lazerow:

House hacking is the best way as allows you to get in with a low down payment. I started with a house hack and re-used that equity later on to get to 10 rental units. The hardest thing in 2024 is finding cashflow though, most of the nice areas have very low COC if you can even find positive but its always better to start then never get your foot in the door

In Minneapolis there’s opportunity for cash flow and in Fargo where we lived for 13 years there’s cash flow. So we just gotta find the right property for the right price. 

Hello BP, I’m new here my name is Brady. My wife and I are traveling healthcare workers. I work in CT Radiography and she is a CNA. We are looking to buy a multi family property close to where we are from for the first investment. We are from North Dakota but have family in Minnesota as well. Since we will likely be on the go but can have our permanent address be set at the property we purchase. I’m curious if house hacking would work best? Maybe there’s another strategy that might benefit our unique situation. 
Thanks in advance 

Brady