All Forum Posts by: Hunter L.

Jacob, I'm in business school as well. I have some questions for you regarding the property.

1. What is your goal regarding your "house-hack"? Do you want to live for free? Generate positive cash flow? Or just reduce the cost of living?

2. You said your rehab costs are low. Are those costs incorporated into the projections on your spreadsheet?

3. How did you come up with your maintenance and repairs expense?

Initially it seems like the deal may be a little tight with respect to the cash flow of just $43/door per month. And that is if you were to rent out both units, which would not qualify the property as "owner-occupied".

Thank you for the info, Brandon! I'm still trying to compile all of my options to get in the game after I get out of college.

I've been lurking on the site for a couple months and there's some great info.

Who here on BP has decided to start their real estate investing career by getting an FHA loan and buying a multi-family? I want to get into multi-family buy and holds when I get out of college, and FHA loans seem to be the best strategy out there for college graduates to start investing with little money down.

Also, how long are you required to live in an FHA property before you can move out?

Any advice/cautionary tales are welcome!