Hi all - My husband and I own 4 LTR and we just did our first MTR on my daughters house.

Initially we had intended on starting our real estate journey through multi-family house hacking, but this opportunity popped up first and it was hard to ignore.

@Brad Tracy The most recent estimate I got to renovate an existing space to a studio apartment was $120K.

It’s not as hard as you think and if this Amtrak attracts more people to Scranton, not only will they not want to live in an old run down house but they’ll likely have the money to rent or buy something newer.

The opportunity for outsized profits versus LTR always exists, because it requires much more work in terms of marketing, maintenence, cleaning.

Lastly, the comment above that Scott made about business plans: I don't think we really considered business plans until we had a handful of houses.

@Ryan Ness house hacking means buying your own primary home. 

Clearly at the time the land was divided and sold, it was considered acceptable to building houses on this size lots, even with septic.

How many calls do you think they get for someone who is going to "buy 10 houses this year and wants to build a team?"

Hi My name Is  Eloisa I just bought my first property to lived in, I used the 203k loan  that it was a little hustle.Just to share a little more about this loan that in my opinion was better than a regular FHA because the house that I got it was renovated totally the entire house,!!