All Forum Posts by: Juan A. Ortiz

@Paul Gomez

That’s a great point!

I’ll keep my options open for a solid duplex deal. Hopefully, things start to come together a bit more when I get start up the loan application. Really appreciate the advise.

By the way, how is the Pro Subscription. Do the calculators come in handy or do you think I can calculate everything on my own with other online calculators?

@Richard Helppie-Schmieder

Hey Richard, that’s also true!

We definitely thought about doing that...

I think it would all depend on the property; but It's looking like the wifey and I are pretty set on either purchasing a duplex (rent out one side) or SFH for ourselves and fix it up to rent it out a couple years later.

Always great to connect!

@Bruce Lynn

Hey Bruce, I appreciate it!

Definitely a lot of opportunity here in Dallas.

Yeah, it definitely looks like SFH are more desirable in the Northeast Dallas area. I still think House Hacking is probably the best way to either cash flow or live dirt cheap on the other side. I'm looking at both types of properties right now.

@Paul Gomez

Very true, there are so many perks to purchasing a Duplex; but do you think it’s worth it in the Northeast Dallas market?

If it were Colorado, I would definitely lean more towards a duplex; but I'm just not too sure of the market for a duplex here near Plano/Richardson area is as popular or highly sought after compared to a SFH. That's my only concern.

@Paul Gomez, that would be nice if I were on my own; but now that I have a wife and soon family it would be very difficult to rent out by room. So as of this moment it would be a SFH just for my wife and I. Appreciate you for getting back to me!

My wife and I are working towards moving into a house within the next 4 months or so being that interest rates are so low. We currently live in an apartment in the Plano area. I work remotely and the wifey works in Richardson. The game plan is to move closer to the Richardson area (Garland, Richardson, south Plano, etc).

Our initial plan was to purchase a duplex and House Hack; but we are leaning more towards a SFH. The plan is to live in the home 1-2 years, make some minor fixes, then rent it out. Price range is between $150K - $225K.

The reason being...

I know SFH tend to appreciate much better than duplexes. Also, from my understanding, duplexes are not as popular on this side of town. Lastly, most families are looking for a SFH as opposed to a duplex.

I’d love your input on a good marketplace, thoughts on Duplex or House Hack, and any other advice.

Look forward to everyone’s response!