You're in a strong rental market, and house hacking a small multifamily in Phoenix is a smart way to build wealth.

You cannot choose a section 8 tenant over a market rate tenant.

They work well in areas with steady rental demand like suburban neighborhoods or cities with strong job markets​​.Considerations: Your property management needs will be lower, but rents may rise more slowly over time compared to short-term options.Short-Term Rentals: High Risk, High RewardAdvantages: Short-term rentals can generate significantly higher nightly rates, especially in vacation destinations.

I’m a member of both, as well as an agent and investor, and they’ve been great resources.Hope to meet you at an event soon and always happy to talk shop about the Milwaukee market or multi-family investing.

. 🎢 Market trends, investing methods, and economic situations are like a rollercoaster—they constantly change and twist.

I want to create a strong marketing plan before taking that step to help me achieve my goal of earning $50k in commissions.I’m hoping this group can help me with a few questions:1.

Cleveland would be a great market for you.

The key for me wasn't to invest in the 'best place' but to know a market so well that a deal jumps off the page when it appears.

It sounds like a single family house where you will be living in the house(personal use).Therefore, you may not be getting the tax benefits you think you are.Consult an accountant.I am not sure why your sister would agree to this as well, she is losing $170,000 in this transaction and she faces the possibility of you increasing her rent.You also have to charge market rent or close to market rent or it is all deemed personal use.

If you do not do your market research correctly, it doesn't matter how great your list is because you will pull a list in a bad market.