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All Forum Posts by: Ben Hofstra

Ben Hofstra has started 3 posts and replied 11 times.

Wish I could be there! Partner and I are flying into Raleigh from Denver, CO from 1/16 - 1/20. Anything you recommend we do/see while in the area? We are hoping to get a lay of the land before buying a small multifamily property to house hack sometime around September 2025 

Post: Best Bank Account for my Situation

Ben HofstraPosted
  • Posts 11
  • Votes 13

Thanks for all the feedback, it's been great to see the macro and micro considerations on this topic!

Post: Best Bank Account for my Situation

Ben HofstraPosted
  • Posts 11
  • Votes 13

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

Post: Best Bank Account for my Situation

Ben HofstraPosted
  • Posts 11
  • Votes 13

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?

Post: Becoming a Sponge

Ben HofstraPosted
  • Posts 11
  • Votes 13
Quote from @Wale Lawal:

@Ben Hofstra

To be ready for the purchase of property that you plan to undertake as from September 2025, read more about investing in real estate, set your standards and financial readiness in place. You could start saving and cutting your expenses aiming at arriving at that specific amount for a down payment on the day of purchase. Look out for probable markets taking into account issues revolving around employment opportunities, population shifts, tendencies in renting out homes coupled with economic stability. Think of home ownership without mortgage burdens as a way of making extra money through rent payments every month. In addition, get in touch with any real estate expert or anyone you trust willing to help in the process.

To keep abreast of market conversations, you can make use of such tools as MLS Listings, Zillow, and Redfin. Consider going through all available information concerning a property under consideration and establish much detailed financial plan. This will entail collaborating with a real estate team in order to take steps such as inspecting property or negotiating offers. Consequently it requires self-restraint, persistence, and being always ready to take initiative as you proceeds with your investment journey in housing business.

Good luck!


 Thank you Wale, this is great holistic advice!

Post: Becoming a Sponge

Ben HofstraPosted
  • Posts 11
  • Votes 13

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.

Post: Becoming a Sponge

Ben HofstraPosted
  • Posts 11
  • Votes 13

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.

Post: Becoming a Sponge

Ben HofstraPosted
  • Posts 11
  • Votes 13

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!