Unlock Your Real Estate Future: Which Stage Are You Truly Playing At Right Now?
Dave:
I’ve noticed that the same thing you said that in the last couple of years, the two to four unit segment has gotten extremely competitive, whether it’s from homeowners, it’s basically the house hacker dream,
Tony:
And
Dave:
As Tony noted, the numbers for someone who’s buying to use it as a house hack and as an investor are just different because as a house hacker, you don’t need to cashflow to make that work for you. You just need to lower your overall cost of living, whereas I assume, Tony, you are looking for a solid cash on cash return on par with your other investments and two to four units just aren’t there in a lot of markets right now. I’m noticing that change a little bit in the last couple months, but I definitely agree over the last few years. I’m curious why you went to more of an industrial model instead of, for example, going into larger multifamily or single family homes, which would be a business that you sort of were already running.
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