All Forum Posts by: David Hill

Mike, thank you for the reply. I will send you a DM to connect.

@Bud Gaffney thanks for the recommendation. That is understanding of house hacking, however, is this still possible with having/living in a primary residence? If I’m understanding correctly I wouldn’t have the same loan options If I remained in my current home and purchased the property to rent out all four units?

@Nathan Gesner my wife and I currently have a mortgage on our current primary residence. Is this more of a house hack suggestion? Otherwise I would like to agree and would hope I could have multiple cash flowing properties. Thank you for the suggestions. 

@Eliott Elias I agree more with your statement. I understand there is learning to be made with single family and duplexes/fourplexes but I am interested moreso in cash flow. You’re in a great location being in Austin. 

@Ruchit Patel I’m in the DFW area. Starting out I’d like to be around here so that I can be present often. Then branch out in the future. Thank you, for that. It wasn’t always easy. I’m sure my wife would heavily agree with that. But if I were to combine much of what has been suggested so far, two + turnkey cash flow properties would be fantastic or one larger multi family that would probably require syndication. But in hopes of managing many units in one location. Thank you to all the responses. 

Thank you Nathan.

I have no experience whatsoever but from a management perspective with the end result of success, I would ask the question if this third individual was at the table day one, would it have made a difference? It sounds like he has a skill set that is of value. So could the deal potentially have been better? I completely understand where you are coming from valuing the work already put in but at the end of the day, more capital, quicker results, quicker tenants. Also knowing you’re strategy would also help. If you’re looking to flip or hold might lean slightly one way or the other. How long have you and your brother been working on the project?

My wife and I have been living below our means for some time now so that we could save up to purchase an investment property. From countless hours of videos and conversations online and in person, multifamily is the route I was headed. I would love this communities input as to whether there is a consensus for buying a few smaller units vs a larger multi. Ive seen success stories and though this would be my first rental, I am willing to grind to make a change for my family’s future!  So the question I am posing is would it be wise to purchase a larger multi family or look at smaller deals? There is some fear as to where this wild market is going to head. Thanks in advance.