All Forum Posts by: Kyle Parcell

Thanks Pamela!  This is kinda my thought process of how to house hack in Phoenix without the real possibility of living in a duplex or renting out rooms

@Joe Splitrock thats interesting, I always thought the definition of house hacking was having to buy a duplex or renting out rooms in a SFH.

My plan for right now (unless anyone has any better ideas) is to find a great deal on a SFH, get a FHA Loan and put 3.5% down. Fix it up and add forced equity into it. Then refinance and take that money to buy our next property and rent out the original, which I guess would classify as a BRRR.

I've often heard of live in flips being classified as house hacking - what would be the reasoning behind that?

House hacking seems to be the absolute best way to start your investing portfolio, per these forums and the many articles I have read on starting out in real estate.

As someone who has a growing family (wife and two kids) and living in an expensive market (Phoenix), is there another smart, solid way to get started in REI?

@Eric James appreciate the feedback!

Is it a good strategy to get an FHA loan for your first property and put down the minimum 3.5% down payment just to get into the property? Or should I wait longer and save more of a larger down payment (5,10,20%)?

I plan to live in my first property for 5-7 years.