We were going to partner together on it where I build and run a STR on it.

For reference, we currently build 1 million homes per year just to keep up with current demand.

If you acquire one new property each year, you could significantly increase your wealth and potentially position yourself to qualify for larger investments, like apartment buildings or construction loans, within 10 years.I’ve worked with clients who have successfully implemented this strategy, and it has proven to be an effective path to building long-term financial freedom through real estate.Good luck with your decision!

You'll likely also reduce your cost of living by moving to a stabilized apartment.Depending on the cashflow and debt paydown, you can use this strategy until you've built enough equity to reinvest.On the other hand, getting into a multi-family after refinancing will also help you build substantial equity to rinse and repeat in the coming years.

Could you go reinvest it in another property to build even more income?

Just in case.Ultimately whatever correlates with your future plans but a solid way to build long term wealth.

Find someone in the neighborhood of your building to help you out.

Your plan to house hack a multifamily property in Indianapolis is a great strategy to start building equity and learning the ropes with manageable risk.

You're better off focusing on specific markets, specific neighborhoods, analyzing numbers, and building an ideal buy [box].

I was fortunate enough to inherit a 21 unit multi family building.