The primary goal is to live in a property and generate rental income through house hacking, which involves purchasing a duplex, triplex, or fourplex.

I use a state-specific lease generated by Avail.

It is a practical way to dip your toes into real estate by using your primary residence to generate rental income.Meanwhile, for the patient investor, the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) is an incredibly effective method over time, allowing you to steadily build wealth through real estate.Both methods have served me well in navigating the Tampa market, and I would be happy to share more insights or connect with you if you're interested.Best regards,Jorge

Should we avoid the hassles of trying to fix up the house and just sell as is, or fix it up and rent it out for generational income, or fix it up and sell?

It's worth forfeiting the interest rate at 4% if it means you can generate a better return with the capital you deploy.

You have a savings account tax deferred that always generates growth & yields dividends.

Here are a few considerations to help you decide between a 4-plex and a duplex:Cash Flow and Returns: A 4-plex typically generates more rental income compared to a duplex, potentially offering better cash flow and returns.

Ty Hi Nicholas,I am new to Real Estate Investing as well and dedicating some of my time reading books, listening to podcasts and learning terminologies which I think would help us immensely in understanding the content we consume.House hack is a real estate terminology that means generating passive income from renting a part of your own property (i.e., a room, space, etc.) while living in the same property yourself.Hope this helps!

My goal is to generate a monthly net income of $5,000 to $6,000 from such investments, with the broader aim of retiring early.I would love to hear your thoughts on what you would do if you were in my circumstances. 

That’s the beauty of the BRRRR method – you’re building equity and generating cash flow at the same time.So, in a nutshell:Equity: The $50k equity left in the property.Cash Flow: The ongoing rental income after expenses.Keep leveraging these strategies, and you’ll see your portfolio grow steadily.