Updated almost 2 years ago on . Most recent reply
New Member Introduction
Hello my name is John and I am new to this game! I have been a project manager for large scale custom homes for over 20 years. So I have construction experience, but could use some pointers and guidance on everything else. Any pointers or help would be appreciated. What's the best way to find leads/properties? How about funding? Thanks
Most Popular Reply
HI John,
You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.
There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible. Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy. This will allow you give a reference point on how much potential rent you can receive. (Max vacated rents - your monthly mortgage payment) = +/- net cashflow. Happy to connect and assist you in your real estate investing journey.
Happy to connect if you are interested to expand your portfolio