All Forum Posts by: Shane Murphy

Welcome to the exciting world of real estate investing! When I wasn’t a more seasoned investor (yet), I have dipped my toes in by renting out a room in a townhome I owned. It actually went pretty well. Sure, you give up a bit of privacy and share common spaces—kind of like being back in college—but it was worth it. That simple hack covered about 50% of my mortgage, which was a huge win.

Looking ahead, a duplex might be the smarter move. Not only can it offset your living costs now, but when you eventually move out, it has the potential to generate solid cash flow as a full rental property.

At the end of the day, the real question is: How uncomfortable are you willing to be now in order to be financially comfortable later?

Hi Ryan,

Thanks, this really helps. Honestly, I'm okay being pretty uncomfortable for a year, I'm single and in my mid 20s so I'm not picky. My main goal is to get my first two purchases right so that I start into the real estate world in a way that allows rapid and sustainable growth. Multi family does seem to be a good long term investment.

Follow up question, do you have any reading or resources you recommend to a new investor? I'm especially interested in resources that help with the legal size (lease papers, insurance etc) and ROI calculation tools.

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Hello Everyone! And happy Holy Saturday to my Christian friends!

I'm looking to house hack. This is my first real estate purchase and I want this to be the first property in my real estate portfolio (Ideally I'd like to purchase a second investment property by February next year and continue investing until it's my sole career).

I've already found multiple places that have the right location, number of bathrooms and bedrooms for me and at least 1 other tenant. The problem is that most of these homes are listed as "single-family".

Does anyone have experience with renting a floor of a single-family home as a house hack? Are there legal issues (Cincinnati OH)? Do you recommend sharing a kitchen or other rooms? Is there any reason I can't just add locks to doors and add walls to make a single-family home into a duplex? Are renters open to renting a house hack setup?

Your advice will save me a lot of frustration as a new investor.

Thank you!

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All Forum Posts by: Shane Murphy

Shane Murphy has started 1 posts and replied 2 times.

Post: Is house hacking safe? New Investor

Post: Is house hacking safe? New Investor