Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 9 months ago on . Most recent reply

User Stats

5
Posts
3
Votes
Joab Cardona
3
Votes |
5
Posts

First House Hack Now What?

Joab Cardona
Posted

Recently bought a house 3 weeks ago it is a 4 bedroom 2 bath house I live in one room and have rented out the other 3 rooms. I am just wondering what should I be doing next as far as taxes, savings, investing, and reading. Taxes wise I have opened up a high yield savings account and putting money into it in case I do end up owing taxes next year, but what do I need to be saving as far as forms, I don't have the tenants on a lease yet since this is my primary on the mortgage, but I am giving them receipts when they pay rent every month and keeping those saved. This is my break down on the expenses, if there's anywhere I could improve or something I'm doing wrong not just in the breakdown put also forums wise please give me all the constructive criticism to get better in REI!

Bought @214,900

Down: $4,400

Down assistance: 10k Georgia Dream 

Mortgage: $5,550

Rent per room: $600 water/electric included

Wifi/Garbage separate: $35 each already split between tenants

Loading replies...