There is variance in markets but I believe most high price markets are like my market with 2 primary plays 1) patience.

Decide whether your primary focus is cash flow, equity appreciation, or a combination of both.

@Sonja Montielh so, you're moving into a new primary and renting out your previous home, which happens to be a condo?

You can take out an equity line or fixed rate second on your current primary to contribute towards the down payment of the 4plex. 

It would also double as my primary residence as I would live there spring and fall. 

All good questions from other posters.1) Is this a primary residence or secondary investment?

I purchased my first primary residence which was a 2 bedroom townhome out in the valley. 

Hi all, I'm doing real estate investing as my primary/only source of income these days.

I want to keep it as my primary since it's my first house, but I want to purchase another house to do the BRRRR Method.

I believe house hacking is great to start as you can purchase a property as your primary residence (little to no money down) and get the best possible interest rate by doing this too...so for those reasons, it's 'best' if cash to enter the market is low.