All Forum Posts by: Beth Anderson

Some really great advice! Thanks, everyone! We will wait until we build our off-grid homestead to worry about solar. :)

Has anyone ever installed solar panels and then included electric in the rent, pocketing the difference when the solar covers most of their usage? The duplex we're looking at has free gas because there is an easement for an oil well on the property. So we can rent it advertised with heat and gas included. Wondering if including the electric could actually increase our cashflow.

We are in very rural Ohio, and there are limited options out here for multi-family dwellings. (We have a new baby, so some of the more uncomfortable options for house hacking aren't really options for us.) I've run across a pre-foreclosure in our search area. Can someone direct me to the best/most efficient place to learn about foreclosures? I don't have any idea where to start. We have limited capital. We were planning to start with an FHA loan in a multi-family or SFH with an in-law suite, but now I'm trying to get more creative. Thanks!

My husband and I are about to dive into real estate investing by house hacking on an FHA loan. We want to do the multi-family route. We live in rural Ohio, and there are only 6 multi's for sale in about a 20 mile radius. All of them are old single family houses that have been converted. The only one that's really an option was built in 1907. It will cashflow about $100/month while we live there, and then about $600 once we move out and can do some updates to one of the other units. The question mark is that there are apparent foundation issues (obvious cracks and lean) and some roof issues. We don't have the capital for big rehab right now, only the needed cosmetic stuff. The property has been on the market for almost a year. The current investor wants to offload it because he has moved to California and it's inconvenient. I'm worried that the capex would kill us and that it will be hard to sell eventually. Any advice appreciated. We really want to get started soon!