Hello BiggerPockets community! My name is Sam. I live in Tucson Arizona with my wife and two daughters. We've been looking to buy a home since January (we were a little picky) and after losing out on two properties I started considering other options.
I was led to BiggerPockets while deciding whether I should sell the property I own in Northern Utah to put more down on the house we wanted. I have rented the property for two years now and it has been successful. After reading a few articles across the web, I quickly realized the potential of real estate investing and now I want to get more involved (I also decided not to sell the house in Utah).
Now I am looking for a multi-family that I could use to house hack. I am eligible for and intend to use a VA loan with 0% down. This would allow me to use some of the money I have saved up to buy another property later this year/ into next year. The trouble I am having is finding properties where the numbers work out. I may be over estimating costs (usually 40%-50% of rent), but I can't seem to find many properties where the potential rent is high enough to cash flow well.
The market is hot right now. This was the trouble I was having earlier in the year (which I'm actually grateful for now). Are there any Tucsonans out there experiencing the same thing?
