Quote from @Jaheen Ahsan: Hello,So I bought my first house hack back in July, and I've been trying to find roommates for about 6 months or so and haven't quite had any luck.

From my basic understanding that I'm brainstorming this, would need to set up a new LLC for the Syndication That would own properties bought using the combined capital from the equity partners and myself.

Purchase price: $255,000 Cash invested: $51,000 Second property, bought soon after the first multi-family.

We bought a new primary house in November and had a rental contract on our old house that started Jan.1 2025. 

This is opposed to saving the $50k-60k to cover major repairs and the extra $30k to cover unexpected emergencies (job loss, health problems, etc.)For context, we have another rental that we bought in September of 2021 with a conventional 30 year at 3.125% and purchase price of $410k.

For example over the last four to five years a lot of people went out and bought STRs thinking it was going to be a great investment only to find out that the numbers did not work a year later and needed to try to use it as a LTR to make ends meet. 

You own it so that is a good thing, but if you bought it for 165K and it will take 75K to fix it up you are not in a great position to have a great ROI.

It definitely looks infinitely better than when you bought it, well done! 

Together we bought a BRRRR deal, completed it, and got married soon after.

Purchase price: $225,000 Cash invested: $40,000 Sale price: $375,000 Bought a large 4 bedroom pool home and flipped