We are both super interested in realestate and believe house hacking to be the first best step to building a portfolio.We recently found a unique property.

Make sure you've got somebody who will check the numbers for you and that will be a able to step foot inside.

There are two steps involved First, what you need to do is: A) First figure out your casualty loss ( even though you received the money form the insurance, they usually pay after your deductible amount, the deductible amount could be your loss, at the least.

I've enjoyed listening to all the BP podcasts and it's time for me to take that ever crucial first step and dive into the market. 

What would be the next step besides talking to my private lender?

IT HAS ALREADY MOTIVATED ME TO TAKE THE NEXT STEP!

Sounds like it's definitely worth pursuing if you can find a lot or a tear down that makes sense in an area that will support it.Are you thinking of using it for long term rental or flip?

Any insight in appreciated for this next step in the process.

Unrelated, I hope you are saving the money that would be going to your house payment as that would be my first step towards the next property.

Really, I'm not sure what my first step should be.Thanks in advance!