Hey everyone I am waiting until April to buy a 2 family house hack the property looking to buy a fixer-upper to add equity and get a decent cash flow after 750 to 1200 net, I am in between  staying or leaving to buy a place in Houston Texas since its growing now with trump tax bill capping to 10k will it be worth it to buy. what am I looking for?

And although it’s not necessary, it is a nice touch to bring your business to a credit union or lender whose funds stay in the local economy.  

Account Closed: I sure wish I could afford a duplex but the market here in the Denver area is just way to expensive and the feeding frenzy going on doesn’t allow any good deals to stay on the market. 

I moved into the home with my girlfriend at the time, and we oscillated between having roommates and running an airbnb business out of the home to stay above water, among other things.

Tenants stay in SFR longer than in duplexes or apartments.

Thinking that we need to sell in order to buy is a scarcity mentality and I need to stay away from that haha.

(Of course that would be contingent upon you becoming an agent at that brokerage and staying there for 6-12 months or something of that nature.)Other good questions to ask them would be what are their commission splits, a breakdown of ALL fees (monthly or annually), what their commission cap is, whether they provide leads for you and if the commission changes if they do, how often they provide training and what the topics of the trainings usually are, do they provide mentoring to help you work through deals, etc.Also, keep in mind that there are fees that the Broker has no control over such as MLS access, ($300/6 mo in PA), Realtor dues if the Broker is a member of the association of Realtors ($600/yr in PA), marketing materials, cost of yard signs, networking associations to network with investors, etc.

If I get a FHA loan and house hack it, how long do I need to stay in the place?

They stay educated, they study the market, they network, and are on top of their game in all respects.I can give you real-world numbers from my own market.

Offer to do rent comps for their clients, and make sure they know if the owner decides to sell, you will make sure the client stays theirs!