Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $165,000

Cash invested: $20,000

I bought a duplex in Racine that needed a lot of cosmetic upgrades. Both uni...

They should have also gotten approval from you before charging and doing repairs.

Quote from @Simone Montague-Jackson: You can house hack with up to four units.

My favorite was a hoarder house full of trash that took me six months to turn around, but it turned into a killer deal that earned me a 600% return.

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

Live under your means and start thinking about investing in Real Estate.In your position the thought of finding a duplex to house hack, live in one side and rent the other. 

I found an area I felt comfortable living in and I bought a house with an FHA loan.

@Christin Dorfling can you start with a house hack?

Hey @Brad Roche - We do a significant amount of renovation loans (both Fannie May & FHA) here in Chicago and prefer the Homestyle loan only because it's less stringent on the borrow about what they have to repair, and they provide the general contractor a material draw at closing which helps the project start on the right foot.I thought the minimum down payment was 5%.

People are not choosing the cheapest housing available.