All Forum Posts by: Marlon Walls

Hey @Tj Henderson, I was in the SAME exact situation as you this time last year. The problem here is that there just aren't a lot of small multifamily properties out here. If there are any available, it'll most likely be duplexes, and even then they'll be sold within a few days! So instead I ended up buying a SFH with 4 bedrooms and living in one bedroom while renting out the other 3. It's an alternative but VERY effective form of house hacking. I have the full story posted on my profile if you wanted to check it out. Let me know if you'd like to know anything else!

@Atta Bari no we did not have any rehab experience prior. Everything for us has been a learning experience! The key to keep in mind is that its OKAY to make mistakes, any and everything you do starting out you're not going to be an expert at it! Don't let that discourage you from starting because I guarantee you the second time you do it will be easier than the first, and then the third will be better than the second, and so on..! Before you know it you WILL be an expert if you keep it up, just gotta take the first step! But we found our contractor because he had done previous work on my parents' personal home. I'd recommend going out to Home Depot early in the morning (like 6am) and taking a pic of all the construction company trucks you see and/or talking to the contractors that come through. Soon enough you'll find the right one! Hope this all helps and good luck on taking the first step!

@Angela Holmes the book by David Greene, Long Distance Real Estate Investing helps to dismiss that fear! I'd recommend reading it.

@Angela Holmes the book by David Greene

@Juvian Maga thanks, I assure you that you can do something very similar. Don't just wish for it, take action and make it your reality!

@Matthew Roder and @Robert Huang thanks, glad I could be an inspiration!

@Milton Rivera I worked at APL (Johns Hopkins Applied Physics Laboratory), I no longer work there since I now am in grad school in Indiana.

@Brandon Frulla thanks, good luck to you too!

@Jodi Paulovich always better late than never! You're still ahead of the game.

@Derek Luttrell I did buy my owner occupied property about 15 mins away from Purdue. That's awesome to hear about your condo cause you are able to save money MUCH quicker when you don't have a mortgage or rent payment! I love it!

@Michael McCoy great choice! Multifamily is definitely the move to scale!

@Michael McCoy thanks! I plan to let the snowball keep gaining momentum even during grad school and especially after!

@Jerry Villa yes. For the most part, our LLC will be where the bulk of our deals go through so it'll be in Houston. I'll most likely move back there after grad school to be more impactful.

@Mikael Lickteig that's actually next in my plans, I was just recommended to do that by a fellow investor in my area.

@Thomas McQuitty thanks!

@Drew Blankenbecler for the most part it was a turnkey property for the sake of lack of time during grad school. I did paint the bedrooms, install fresh door knobs and electrical outlets though. However,  @Alex Kamunyo did do much more rehab on his House Hack than myself if you'd like more info on that. On my plans afterwards, the market will more so dictate that, I know that renting my room out will result in roughly $300 in cash flow per month, so it's a promising option. Just gotta build connections with good property managers. In short, we'll see!

Thanks @Brandon Burgoyne!