I’ve seen a couple portfolios for sale and think it might be a much more expedient way to achieve my goal, provided the purchase price is right.

House Hacking is definitely achievable with little ones running around.

I need to achieve a 65% LVT to make my next deal work.Are there are any mortgage brokers on this forum that can confirm what my broker is saying is correct? 

But you really need to build out your own proforma, with your planned spending and return thresholds and back into a price that lets you achieve those goals.Capex is not an NOI number, it is a below the line, cashflow item. 

@Sharon H.Hard to say exactly with limited info. 5k a month is achievable now and certainly so in 5 years. 

It's a bit tricky to find immediate cashflow on smaller multifamily buildings, and duplexes specifically have a lot of competition from home buyers looking to owner-occupy one of the units, but with more doors it get's easier to achieve positive cash flow. 

How would you approach this scenario and help this gentleman achieve their goal.Thank you for your valuable time!

There are opportunities to make money in any market and having realistic expectations on the types of returns you can achieve in each market are important. 

In order to achieve that by January of ‘22, I told my nephews that I have to raise their rent from $200 to $300 a month.  

The cash flow is usually achieved by value adds or over time via appreciation.