All Forum Posts by: Dylan Fellows

It's hard finding any deals on duplexes here in Wichita that I could house hack with owner occupied FHA but I have come across a few althoufh most places have a tenant in both sides.
My question is if the tenants of one side are on a month to month lease is there anything I could do in terms of buying the property,  sending out an eviction notice then moving into one side soon after. Would they be a crappy thing to do? Could I even get an Owner occupied loan if both sides are rented even if it’s just month to month. Also is there a time limit on how soon I would have to move in to the residence when using owner occupied loans. Hopefully that makes sense and I will appreciate any advice. 

Hey Antonio, im kind of in the same boat as you. Im currently looking for small multifamily or even SFH I can househack. I would suggest checking out the events section here at BiggerPockets or going to meetup.com and finding and attending the local real estate meet up groups here in Philadelphia. I really want to check one out but most of them are in the evenings and I work at nights.

@Jonathan Greene 

Awesome, I will have to look out for it and possibly tune in and listen while im at work. Thank you.

@Jonathan Dempsey Thank you man I really appreciate the direction (pun intended).

@Mark Trani Youre right there is an almost overwhelming of things to know. I have been looking around the fishtown area and south philly areas. I am very intersted in areas that would work as short term rentals. I have been staying in Bnb's since I moved here and its really got me wanting to see if I could make this work for myself.

I recently moved to the area for a job and I was hoping to get some information on areas that I should be looking at. I would go to the REA meetup here but I work nights during the week. My plan is to house hack a single family as multi’s seem to be a little out of my budget. 

In doing my daily searching for deals I came across a 9 unit apartment building that could be a good deal if I could get the seller to come down. I would be going in on this with a partner. I'm wondering if a deal like this as my first investment is smart to jump on or if I should start a little smaller with a duplex and scale up from there. Managing 9 tenants might be a handful being brand new so a property manager isn't off the table but that would lower the cash flow more than I would like. 

I had to come down in my analysis quite a bit from asking price to get the numbers to a place I liked but I guess the answers no if you never ask. If its possible I would be trying to get an FHA loan for this property and live in one unit for the first year.

Thanks for the information I will keep that in mind about the basements on the southeast side because that's the side I'm most interested in.. I feel like I am getting a lot better at analyzing just by doing it daily on random properties but it seems pretty hard to find a deal right now. unfortunately the duplex I found went off the market pretty quickly. 

I am on the fence about having a property manager at least for my first property since my plan will be to house hack but you make a good point about building a relationship and finding good ones because if this route continues for me I will eventually end up needing one. Thank you.

Thank you for the reply I’ve never heard of before.