All Forum Posts by: Ben Hofstra

Yeah fair enough. Seems like relationships are just as helpful as online resources.

Hello all, merry Christmas! I have done a lot of research in preparation for my first real estate purchase but I haven't heard any mention of banking services that stand out. I would love to open a joint account with my partner without forming an LLC. After a quick search it seems like Baselane is a good option, does anyone have experience with it? Or with alternative options? We are also planning to use turbotenant or something similar. Seems like there might be some overlap between the two, does anyone with experience with both think that problems would arise from that?

That is a pretty big indicator of growth! When is it expected to be completed? Have you already seen an increase of demand in the market?

Hey everybody, I am planning to buy my first investment property in the form of a house hack in the next year and a half. My current goal is to narrow down areas to look at so that I can start paying closer attention to those markets. I have been looking at factors that affect where I would like to live (weather, politics, taxes, night life, etc.) but I am guessing that these don't necessarily indicate a good financial investment. It seems that future growth would mean a good investment. What trends do y'all use to predict future growth? And what factors other than future growth would impact whether or not a market is good to invest in or not?

 Thank you Wale, this is great holistic advice!

Is Reafco a turnkey company? I am curious about whether or not working with one would be a good fit if I decide not to move.

Thank you Julio! I actually just finished reading the first book you recommended, and I can attest it is a fantastic read. I’ll make sure to add the other two to my list.

I'll definitely look into Columbus. That news is doubly good for me since I am an engineer/project manager. If the real estate and job markets are a good fit for me, it will be hard to say no. Does anyone have advice for the process of looking at an area and determining whether it is the right fit for them?

Thanks guys!

Hello all, I am about half way through The Book on Rental Property Investing. As of right now I am just getting started and am welcoming any and all information that might be helpful. The one clear goal I have is to buy a property in September 2025, so that gives me about a year and a half to prepare. I am thinking that house hacking is the best fit for me, since I am currently renting with my girlfriend. I have done some conservative calculations based on my current cashflow and I can be confident that I will have at least $46,000 by that September 2025 milestone. My girlfriend will have between $20-30k. We are open to moving to any location within the United States. I'd love for y'all to soak this sponge! Book recommendations, financing recommendations, location spotlights and more are all welcome. Thank you!