All Forum Posts by: David Archer

@Vaughn Smith Long term I want to move into larger multifamily properties with more units. I want to start with smaller unit properties to get my feet wet and learn the business, while also building equity and generating cashflow. When the time comes to transition to bigger properties, I want to use the equity in these smaller unit properties to purchase the big one. 

@Sung Park That is exactly what I plan on doing, but wanted to hear from others who had done it successfully. Thank you for the great advice!

@Mark Gauger Great advice! I do plan on doing that as my plan is to eventually move out of that first duplex and keeping it as an investment property to begin my portfolio. 

@Fradel Schaechter I want to start early to get ahead of the game and reach financial freedom! Trying to avoid the rat race of a corporate job working for somebody else!

@Alex Deacon Thank you! That is great advice. I plan on investing for cash flow with future properties but needed to get my skin in the game somehow and figured this would be the best way to do it!

Hello everyone! I am new to Bigger Pockets and looking for some advice on house hacking. I am a current college student who fully intends on investing in real estate upon graduation. I am a finance and real estate double major, so I am still learning about the business, however I have been reading and listening to a lot of podcasts. My current plan is to buy a duplex as my first house out of college, live in half and rent out the other. Everything I have read and listened to says to always invest for cashflow, however for this first house, would it make sense to buy a duplex that doesn't cash flow right away? I am thinking that even if it doesn't cashflow while I am using it as an owner occupied, the rent will still cover a decent portion of the expenses. While there still may be some expenses I will have to cover out of pocket, it will be much cheaper than renting or buying a single family. Not to mention I will be purchasing an asset that I can rent out fully after moving out in a few years which will then cashflow. Obviously finding a duplex that cashflows while living there is the best case scenario, but if that is not possible, is this a good idea or could you see it setting me up for future financial and investing nightmares? Thank you for reading! And any other advice would be greatly appreciated!