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 over 3 years ago on . Most recent reply

User Stats

25
Posts
2
Votes
Ellis Fairley
  • Investor
  • Portsmouth, VA
2
Votes |
25
Posts

Whats my next step Ain the process

Ellis Fairley
  • Investor
  • Portsmouth, VA
Posted

What's up BP!  Super excited to say I'm finally under contract with my first property in Diberville Ms. We have not closed just yet, but things are aligning well. My question is, what is my next step? 

With this house I plan to house hack and AirBnB. Rent the two rooms upstairs and when I move out after my required time (because I bought with a VA Loan) AirBnB the downstairs area.

If I was to guess, I would say get my leasing agreements in order and checked out by an attorney then when the ink drys begin to advertise my vancies. If I jumped a step or you think I should be doing different, please be sure to let me know. Any advice is appreciated. Thanks in advance!

Most Popular Reply

User Stats

11
Posts
3
Votes
Kim Penn
  • Real Estate Agent
  • Goodyear, AZ
3
Votes |
11
Posts
Kim Penn
  • Real Estate Agent
  • Goodyear, AZ
Replied

Be sure to make a detailed list of all cost associated with each AirBnB unit.  State and local tax, local licenses, insurance, marketing, replenishing cost, etc...all add up.  Good first step, now get to closing!

Loading replies...