All Forum Posts by: Wale Lawal

@Kristee Badet

House hacking involves living in a multi-unit property and renting out others, potentially offsetting mortgage costs and allowing savings for a personal home. This can be a compromise if not aligned with long-term vision. Buying your primary home first allows for stability before investments, but may require higher down payments and stricter approval criteria. Investing first and buying later provides financial freedom but may be time-consuming and costly.

Good Luck!

@Daymian Mejia

To find affordable multifamily properties near Boston, consider North Shore areas like Revere, Malden, Saugus, Lowell, Quincy, Braintree, and Brockton. Consider FHA loans for lower down payments and reserve for repairs or upgrades. Choose a multifamily or single-family investment approach, consider low cash flow priority, and monitor interest rates and seasonal timing. Connect with local real estate agents for expert advice.

Good Luck! 

@Amanda Skipper

To find reliable property managers and agents for remote work, consider factors like experience with investors, local market knowledge, and remote buyer experience. Choose a reliable property manager with solid tenant screening, monthly management fees, and average vacancy rates. Screen team members for referrals, communication style, and technology comfort.

Good luck!

@Jerell Edmonds

FHA loans offer a way to maximize cash flow by financing up to a 4-unit property with a lower down payment. These loans are geared towards those with lower credit scores, allowing them to live rent-free and cover mortgage, insurance, taxes, and maintenance costs. Buy, Rehab, Rent, Refinance, Repeat method to pull equity from their first property and use it as a down payment on the next. Building up cash flow from your first property can also be beneficial.

Good luck!

@Madison Stoner

Welcome to BP!

House hacking in Westmoreland County can be a profitable way to build wealth. Network with local investors, understand local laws, and consider owner-occupied financing options. Learn property management, analyze rental demand, find high-quality tenants, and budget for renovations and repairs. With Westmoreland County's reasonable property prices, you're well-positioned to start building your portfolio.

Good luck!

@Bob Avery

Starting a real estate investing business in Minneapolis/St. Paul involves attending meetups and joining REIAs, working with professionals like CPAs, lawyers, and agents. Set a realistic financial goal and consider multifamily properties for better returns. Use self-management software, establish clear communication channels, and consider Section 8 for first rentals. Network with investors, analyze properties regularly and build a strong team early.

Good luck!

@Chad Gardner

House hacking in the Twin Cities can be a rewarding experience with the right strategy. Maximize financing options, look for properties with value-add potential, focus on cash flow calculations, and consider nearby neighborhoods. Consider smaller multi-family properties and network with local investors. Balancing rental income, appreciation potential, and location can provide a primary home and a long-term investment portfolio.

Good luck!

@Joseph Still

Welcome to BP!

Start your house hacking journey in St. George, Utah by researching local properties, considering FHA loans, and renting out individual rooms. Network with real estate investors, agents, and property managers, build a team with experienced agents, and start early with lenders. Set small goals and leverage rent to cover costs. Real estate investing is a marathon, not a sprint.

Good luck!

@Valentina Manzati

To make a smart real estate investment, consider location, potential $20,000 down payment, and rental demand in Florida and North Carolina. Focus on neighborhoods with strong cash flow and smaller cities. Consider FHA loans, conventional loans, and alternative financing options. Maximize cash flow, attend meetups, avoid over-leveraging, and build reserves. Start with manageable investments.

Good luck!

@Erin Attwood

Welcome to BP!

To achieve a March 2025 multifamily property goal in Tampa, consider financing options like FHA or VA loans, local programs, and building a team. Research high-rental areas, plan for repairs, and consider simple upgrades. Network with investors, join local groups, and seek support from experienced house hackers. Be prepared for unexpected expenses by building up a reserve fund and being flexible with your options. With Tampa's strong rental market, house hacking can be an excellent way to start building wealth.

Good luck!