All Forum Posts by: Wencheur Antoin

@Wencheur Antoin, additional real estate sales books worth considering/reading, "SOLD" and "SKILL" by David Greene, "Fanatical Prospecting" by Jeb Blount, "Ninja Selling" by Larry Kendall, "Never Split The Difference" by Christopher Voss, "Pitch Anything" by Oren Klaff, and "The One Thing" by Gary Keller. Where in Atlanta did you move to? Best of luck! 

@Wencheur Antoin great goals! The sacrifice can definitely pay off in huge ways. 

A small nuance here that you need to be aware of. You can only use the FHA loan once in a 100 mile radius. However, you can use conventional loans and put down 5%. And you can do those every year.

As far as moving and kids go, does your city offer school choice? If not, you may have to look for homes in the same school district and be creative to make them work with a house hack.  

Hey @Wencheur Antoin - this is a pretty unique situation. Based off the other comments - it looks like you're trying to buy 1 deal a year with an FHA. Noble goal but you may run into cashflow issues right now with current rates so I'm not sure I'd be too focused on the next deal just right now.

I'd try to pick a solid area of the metro that has a lot of small multifamily. Lawrenceville area comes to mind as an area you should be able to find a decent amount of on market deal flow paired with good schools to avoid any issues with your kids moving school districts.

Have you considered homeschooling?

Live anywhere you want.

Be as free as a bird. 

Good Luck!

I don’t know Atlanta. Are all the duplex, triplex and quadplex in the same neighborhoods? Is that neighborhood in the school district you want? And finally are you saying move out in a year so you can buy another one? (As obviously you don’t have to move out.)

If so. Study that neighborhood, become the local expert. Then study the buildings that fit your need and become that expert. What do they sell for, what are the common problems, are there different sizes? (1/1’s vs 2/2’s etc.) are there different build types (brick/wood/stucco), different layouts (up/down, side/side, partially below grade.) do they collect different rents?

Set up an MLS filter as detailed as possible so only those properties come up. Get to the point that you know in 5 minutes if you're interested and within 10 if it's a good deal. You certainly want your offer in their hand the same day, hopefully within an hour. This is how I got my collection of SFR, it should be even easier with SMF.

If they’re not in just one or two neighborhoods, or worse yet, not in your school district that’s not good. I don’t have a great answer, especially if there’s not a great #2 district. 

Get started & Good luck. 

House hacking means having other people live in your house with you and pay you rent. Why would you have to leave after a year? If you want to leave after a year and add another renter most school districts are pretty big and you don’t move until you find another property in the same district. 

If you mean the new version of house hack living in one part of a duplex, triplex, or quadplex. Most of them are in the same neighborhoods so they should be in the same school districts. Just wait until another one comes up for sale before moving. 

@Wencheur Antoin Nope, that’s 5 units.