All Forum Posts by: Caleb Masuaku

I suggested we buy the property together, I come up with the down payment(3.5 to 5%), and she lives in one unit and gets a renter to rent the other unit.

Is it possible to qualify for the loan together to buy the property as a primary residence even though only one of us will be living in it?

0 Votes

Milwaukee, Wisconsin

Quote from @Ryan Leonard:

Hi Caleb - I agree with Ty. Given the fact you are still a grad student, you have the best asset in the world - time. You have time on your side to build up a huge portfolio of real estate. With that being said, you may want to settle some of the nerves by house hacking a duplex. Although you may not have as great of returns as a BRRRR, you will gain confidence.

If your current life situation allows for house hacking a duplex, I would highly recommend taking advantage of a low down payment, getting some experience on the process, and BRRRRing your first property from there.

Although having a successful BRRRR happen on your first deal would be great, the opportunity cost of it going wrong and leaving a "bad taste in your mouth" for future real estate transactions would not be worth it for me personally.

Everyone has their own risk tolerance and financial stability, but that is just what I would do if I were you.

Hope this helped.

It really helped. I considered doing house hacking. I think it is the best way to start, however, I am doing my mba in Ruston, LA. It is a small city with 21,000 people. I don't want to invest here, and I don't want to wait another year until I graduate and move to Midwest to start.

0 Votes

Milwaukee, Wisconsin

Hey everyone,

My name is Caleb, and I am a finance grad student at Louisiana Tech. I have been learning as much as I can about real estate and saving money for the past 9 months. I would like to buy my first rental property in the next few months in the Milwaukee area using the brrrr method, but I am scared to death to make mistakes and lose the money that I worked so hard to save.

1 Vote

Milwaukee, Wisconsin

All Forum Posts by: Caleb Masuaku

Caleb Masuaku has started 2 posts and replied 3 times.

Post: Can we qualify for a loan ?

Post: Scare to make mistakes

Post: Scare to make mistakes