All Forum Posts by: Eric McAvoy

Hey guys! I've got a question that I need your expertise on. 

So for my first ever property I've got 2 options. A duplex for 150k (15k down) with PITI at about $900 per month. One half is already rented for $813 and then I'd get a roommate for $300-400/month.

Option 2: get a house with an in-law suite. 5 Bedroom 3 bath. 20k down, PITI would be $1200 get roommates for the upper level to live with me $350-400/month (goal would be 3-4 roommates). I could sleep in a room or on the couch to free up another room to rent. Then I'd have the option of doing a monthly rent on the in-law suite or possibly doing an Air BnB. Most of the places on Air BnB that are similar go for $50-80/night.

I'm having a really tough decision on which option to go with with my main goal being to live for free and potentially produce some cashflow. 

Hey Everyone! I just wanted to hop on here and introduce myself! My name is Eric and I'm about to be a college graduate looking to get into investing in RE. I'm in the Greenville, SC area. I've got my first house under contract with the intent to do a House hack and a BRRRR at the same time. So glad to be a part of this community!

Hunter my man! I'm in the exact same shoes as you! Still in college (only until August) and I'm in Greenville too!!