All Forum Posts by: Austen Mueller

Welcome to Bigger Pockets! we do deals in philly, but I cant say how they compare. Remember there are investors making money in all these markets. Most important thing is that you start! 

Best of luck on your REI journey!

Buy and holds are a great way! keep it simple. All you need is some cash and a good agent. 

Best of Luck! 

after I find a couple spots of interest, I like running the numbers on deals I find on the MLS. Might take a little while but gives you a good idea of cash flow, cap rate, rents, taxes, and supply in general

Just remember to pick a place you actually want to live in! 

@Brendan Anderson Great question! We work with investors like yourself in the York area. Its always great to cash flow if possible. However in that market it is hard to cash flow if you will be living in one of the units. I would analyze it as if you wouldn't be living there and see how you like that cash flow. Start with the end in mind. Then take a look at the investment itself. What type of maintenance does it need? does the area have high turnover? Sometimes people get too wrapped up in the cash flow number. Sometimes its worth paying a little extra to buy something you can have confidence in over the long haul that doesn't bring you stress. Even if your paying $300 out of pocket, that still beats $1,300. This is just my own opinion on it, I hope it helps

Best of Luck! 

P.S Feel free to connect if you would like any help investing in that area. 

@Chad Allen it depends on your market. I would speak with a local real estate expert to get a better idea of what your options are. But If you have the income, the numbers make sense, and you are in a position in life to do so, then why not? I'm 25 now, and can relate to you in that I lived in a very expensive area. Couldn't find anything to rent under $1400. Being that I did not want to leave the area do to family, work, relationships, life I decided to buy a cheap trailer and found a place to park it for $100/month. For me it worked out. Now that I have some money saved I'm getting ready to buy my first house hack this year (in an area a little further from where I was living)  In the end its a gut decision based on where your at in life. Hope this helped

@Ben Swartz First and foremost, Find a knowledgeable local agent who is familiar with this process. Then get an idea of what you can rent your rooms out for. You have to know your numbers before investing. They will surely give you the piece of mind you need. I suggest finding something with 2 bathrooms that way your not forced to share IF you will be living in a single family home. Then do your due diligence when finding a tenant/roommate. Ask plenty of questions and find out everything you can. What do they do? how long do they plan on staying? credit check? ect. One step at a time you'll do great!  

@aditya Praveen try and speak to a property management company. They should have a data base of rents in there given region and may be more familiar with your situation given they could manage something similar to what you are trying to do  

Cash flow depends on what market your in. Different markets tend to have different cash flows due to things like rents and taxes. I would talk to a local real estate agent to answer that. But keep in mind it's not JUST about your monthly cash flow. You have a home that is paying for itself. Things to consider is the ARV and the appreciation in the area. As far as maximizing rents goes renting out by the room is probably your best bet, but this usually means managing it yourself. Not to say you can't find a management company to do that for you. Just harder. I hope that helps.

Check out Slate House Group. We manage all over central PA. Right now our team is doing a lot of deals in York/Harrisburg/Lebanon/Lancaster market places.