All Forum Posts by: Alec Jacobs

@Nathan Gesner Thank you for your reply! My question isn't really direct, I just find myself trying to find things to do/manage and not just twiddling my thumbs. I'll definitely dive deeper into rental management. Thanks again!

I'm a newbie real estate investor and I'm in contract of buying my first rental property. I have turned in all the paperwork that they have requested and I have gone through my inspections and I was wondering what steps can I take to be proactive? 

I feel like I'm just waiting for the process to move along and I want to take action but I am a bit lost as to what I can really do. I am househacking this property so I do plan on moving out for the first time as well.

I know this is a pretty vague question but any insight would be awesome. Thanks! 

Thanks @Justin Loveland! That makes sense!

@Jake Andronico

@Jake AndronicoThank you for your response! 

Another question, what bedroom count do you typically go for? It seems like anything below 4 bedrooms isn't able to cashflow, at least my market. I'm assuming utilities are in your name as well since splitting up that would be strange.

I am looking to househack in my local area, Beaver County PA to be specific, and I know some people who have done the "rent by the room" strategy but they invest in other parts of the U.S. and I was wondering if it is market dependent or not?

It seems like you would want your property be close to amenities since it seems like you would trade the comfort of having your own space to being in a better area for a cheaper price but I could be wrong. Is it possible to rent by the room anywhere?

Any insight is greatly appreciated. Thank you!

Hello everyone.

I plan on househacking and, since multi-family is hard to come by, I have heard some people buy a SFH and live in the basement while renting out the rest of the home and renovate the basement in the process.

To me it seems like it wouldn't really impact rent amounts too much unless I added bedrooms and I feel like the deal would already have to cash flow because of that 

I know this can be pretty nuanced but I am open to everyone's thoughts.

Thank you!

Thank you @Elise Bickel!

Thanks @Paul H.!

The data can be overgeneralizing so your experience is really helpful.

Thanks again!

@Kevin Walton

Thank you so much for your insight! It does seem that it has potential, but that would depend on more specific spots within Beaver Falls. 

Hello everyone.

I am a newbie investor and I am looking to househack my first property (ideally multi-family but I am open to rent by the room).

I have seen some multi-family properties in Beaver County (Beaver falls( and I was wondering if anyone with experienced in investing in that market could give some pros/cons of the market?

I have done my research online and it doesn't seem like the strongest market (population is stagnant, crime rate is not the best, job industry isn't very strong) but I know personal accounts are important as well. 

I appreciate any and all input, thank you so much!