Unlock the Untold Secrets to Crushing Real Estate in 2025—Start From Zero and Build Your Empire Now!
Dave:
Can’t have a getting started show without some mention of house hacking. We will not make the whole show about that, but we will mention it.
Henry:
We’ll mention it, but let’s put it aside for now without house hacking. If you were going to get started, I think you should start with a single family home or a duplex, something that’s on a small scale, because worst case scenario, if you screw that up, you’ll have multiple exits. You can rent it out and maybe you’ll be able to break even if you can’t rent it out, you should be able to sell it and somebody will want to buy that product from you. Or if you get stuck having to hold onto it, like the expenses that come along with you owning that single family home, if things go wrong, they’re not going to be as catastrophic as if you buy a multifamily and things start to go wrong, it’s not going to put you into bankruptcy or it shouldn’t. So I would look at starting with something like a single family or a small multifamily that you can buy add value to and either rent it out or sell it.
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