All Forum Posts by: Alec Jacobs

Hello everyone.

I am brand new to real estate and I have heard about the benefits of LLCs but was wondering if they are necessary when starting out. If an LLC is unnecessary at the start, what other options are there? I was also thinking of getting a separate bank account for real estate only but if I scale would I get a separate bank account for each property or just have one all encompassing account? Any advice would be super helpful.

Thank you!

Good evening everyone!

I found a building for sale with two units on the 2nd floor and one unfinished storefront on the 1st floor. This seems like a very interesting opportunity and I have a couple questions. How hard is it to find someone to rent out your storefront compared to a tenant in an apartment? What kind of businesses are evergreen? What are some unexpected hurdles about this? I am a complete beginner so would this be too much for me to handle?

Any insight would be greatly appreciated, thank you!

Good afternoon.

I am looking to buy a house that currently has a tenant who has been there for 10 years that is paying $575 for rent when market rent is around $700. I am confused as to how to navigate this situation. If I get the home and raise the market rent that seems pretty crummy for a good tenant who has been there for 10 years. But on the other hand someone else would probably not care and raise the rent anyway. I would love some advice about this situation.

Thank you!

@Nolan Chandler

thank you for your response! I have nothing set in stone yet. This question just popped in my head and I haven't really heard anyone talk about it.

Good morning everyone.

I was wondering how long you HAVE to live in a home if you househack. I know it is illegal if I would never plan to live there but is there a set time you have to live there? I would appreciate it an experienced house hacker could clear this up.

Thank you!

Thank you for your input!

Good morning everyone.

I am looking at some properties in Baden PA to house hack and I would like to know what the market rent is. I used the BP rent estimator for a 1 bed 1 bath and I got $900 which seems to be to much but I'm not incredibly familiar with that market.

I would also like to know if any investors have any key insights about Baden PA or surrounding markets that they wish they would've known earlier.

Thank you!

Thank you for your advice

Good morning everyone.

I am planning on walking through a home with my real estate agent in person and I was wondering what type of things I should look for and what type of questions I should ask. I know some questions depend on exit strategy and I plan to house hack this property. Any general or specific advice is greatly appreciated.

Thank you!

@Account Closed

Thank you so much!