All Forum Posts by: Seth Brown

Thanks everyone for the warm welcome and insightful advice! We are still relatively new to Richmond so any information on the real estate market here is very welcome.

Are there realtors that specialize in multifamily homes? 

Also, just using realtor.com or a similar website, how do I estimate the expected cash flow of one of these properties?

Considering that we are squandering 1100 on rent/month, is it that important that our first house hack has positive cash flow? Wouldn't it be a wise business decision regardless as long as the cash flow is not super negative (aka -$1100/month)? Thanks again!

My name is Seth Brown, I am a 23-year-old recent college grad. My wife and I moved to Richmond and got married within 3 months of graduating from our respective colleges in spring of 2014. Jackie has a very stable job as an analyst at the Carmax headquarters however the Richmond job market has been tough for me since my degree is in Ecology. So I recently began learning about real estate and am very interested in learning more about multifamily homes and "house hacking." We are looking for our first house and I think that using an FHA loan to secure a multifamily home would be a very wise financial strategy for us. Any advice or knowledge is greatly welcome!!