All Forum Posts by: Elliot Tan

Hi Texas BP community! I'm looking to move to Dallas with my wife and 2 kids in the near future, and we want to house hack a BRRRR (or is it BRRRR a house hack?). Our hope is to build wealth and start our buy and hold portfolio by doing this 3 to 4 times (or however many times my family can take it!). Starting with a duplex and going from there! As we prepare to do this financially and mentally, we wanted to reach out to see if anyone has had any experience doing this in the Dallas market, and wouldn't mind sharing their experience.

Some questions we have are: Is this even possible? Haven't seen too much of it on BP. I'm having a hard time finding out what the mechanics of doing a house hack and BRRRR together are like.

Would also love to hear some of the realities that come with doing this with a family.  Any recommendations, difficulties, surprising joys you had from the experience would be great!

Lastly, if any of you don't mind, would appreciate getting at least a ball park idea of what the numbers would be.  I know each situation and property will have very different numbers.  But if you could share the numbers you worked with for you specific deal (purchase price, rents, refinance rates and if there are any difficulties refinancing while living in the property, etc....) I think that would be very helpful to know what's possible, and be able to start planning around those possibilities.  

Thanks for taking the time to read this post!  

Ok great.  Thanks again @Vanessa Regalado! This is advice I will keep in mind when we go looking for property managers.

Thanks @Vanessa Regalado! Will definitely keep your suggestions in mind as I look for good property management companies. 

Would you recommend using a property management company to help us find and buy a property, or would it be wiser to find the property myself first then hire the management team? I've been told many property managers act as agents and brokers as well.

Thanks again for such a quick response!

Hi BiggerPockets community! This is my first post. I've been extremely grateful for all the information on this website and I've been trying to soak up everything that I've come across. The amount of info is overwhelming though. So I am reaching out to see if anyone in this community has been in, or is currently in my present situation.

My wife, kids, and I live overseas where I work. We come back Stateside once a year to visit family. We are looking into the feasibility of buying a property that we can rent out while abroad, but it's been hard to find articles, forums, education, etc.... So I was wondering if there is anyone here that has rented out a property while overseas, or is currently doing this? Any tips, suggestions, or links to resources (on this website or elsewhere) would great! Would be especially helpful if we could get some insight into the best place to START as far as research and education goes. I think that's been the hardest part in our journey of buying a rental property!

Thanks to all those who take the time to read our post! Take care!