All Forum Posts by: Luke Eckert

@Alyssa Strom I know! My heart sank when I found out. House hacking is definitely what I'm going to focus on early, I have no doubt I'll find a good deal.

@Alyssa Strom I agree!

1. I did 5% down on a conventional loan for the condo.

2. The HOA requires owners to live in the units for at least two years before we can rent them.

@Lucas Miles @Bruce Runn Thanks for the advice!

@Tim Swierczek @John Woodrich Thank you both! This has been very helpful and I plan on moving forward with option 1.

Hey all! I'm just starting out located in the twin cities area (MN). I closed on my two bed one bath condo in April of this year and didn't stumble across BP until shortly after. I really like the idea of building a multifamily rental portfolio and I'm realizing I really should have tried for a duplex for my first property instead. Regardless, a duplex is what I'm looking at next and the way I see it I have two options:

1. Sell the condo, take the capital gains hit, and move into the duplex.

2. Wait until April of 2023, keep the condo as a rental, and house-hack into a duplex.

I'm leaning towards option (1), but I would appreciate any advice!