All Forum Posts by: Andres Bustamante

Hello All, looking for an Investor friendly Realtor in Houston. Someone that has great experience house hacking, thanks. 

Narrow down you're ideal avatar and tailor all of your content towards that person. Also if you're helping investors out, then do what you preach buy Real Estate :D  !

Phoenix, that's great, congratulations. I'm a Realtor here in Austin, I'm currently House Hacking and would love to share my experience. I'll send you a message. 

I just bought a new build in Pioneer Hills and will be closing on one in Vistas with a business partner, I'd love to get on the phone and chat with you if you'd like. I also have several clients under contract for those Vistas, Lamar floor-plan. 

Muizz, I recently bought a new build and am house hacking it. I'm cash flowing $300 and it's great. Builders typically offer incentives if you use their preferred lenders. These incentives include, closing costs paid, flex cash, title survey paid. Also the fact that the home is new means that you won't really have to take Capital Expenditures into account during the first few years. 

Look at it in terms of Net Worth Return on Investment. NWROI : Rent Savings + Loan Pay-down + Cash Flow (If any) + Appreciation / Initial Investment. Personally, cash flow is a bonus, if you're paying down most of your monthly mortgage with renters and just paying a little out of pocket monthly it's way better than any apartment you're renting. 

Hello, I'm originally from El Paso and know plenty of great agents in the area, if you want to message me I can connect you with them. 

I always ask my client what his top 3 priorities are after looking at the Inspection Report. 

Once I know what the priorities are I typically get quotes from professionals in each particular field. After getting the quotes I attach them to the Inspection report and send this to the listing agent asking for whatever closing costs the quotes support. 

I can send you a copy of the most recent email I sent asking for closing costs, I got $10,000 in Closing Costs. 

That's awesome you're looking into doing that at your age! I got my first house hack at 23.

Get in the game asap, the power of house hacking is that you can put as low as 3% down as a first time home owner since you're going to be a primary resident (live in the property for at least a year). You'll ideally want to either break even or cash flow, so deal analysis will be crucial. 

Putting 20% will substantially decrease your NWROI (Amount Invested/Cashflow+Rent Saving+LoanPaydown) and will just have you waiting and waiting for the "right opportunity". If you have enough for 3-5% go for it! Get you feet wet and build equity. 

NWROI = Net Worth Return on Investment.

Give me a call, I'd love to chat. 

Ali, I recently graduated as well and bought a new-build as a house hack. 

There are several pros right off the bat, all new appliances so there will most likely be no capital expenditures in the near future. The builders also offer warranties on almost all of the house. Builders typically offer incentives such as closing costs paid for, title survey paid for and sometimes even flex cash (cash used for rate buy-down, purchase price decrease, anything you want). Another great thing about a new build is they typically build in phases. If you buy then there's a new phase afterwards, your homes value will be based off those home sales, so you typically see a faster appreciation.