All Forum Posts by: Bobbie Dancy

Hello I'm new to investing and trying to figure out the proper system to identify and analyze homes. After I've done my comps on a property. The asking price $75,000; the comp is slightly superior and sold for $70,000. (It was the only property that actually compared accurately.) What is the next step?...after doing the comp. I'm just practicing because I want to be good at finding good investment properties and analyzing them.

My plan is to house hack and BRRRR. First and foremost I want practice good habits as an investor. Understanding the numbers in rental properties. I don't want to overpay because I think I like the house. I rather be accurate on my selections.

Hello I'm new to investing and trying to figure out the proper system to identify and analyze homes. After I've done my comps on a property. The asking price $75,000; the comp is slightly superior and sold for $70,000. (It was the only property that actually compared accurately.) What is the next step?...after doing the comp. I'm just practicing because I want to be good at finding good investment properties and analyzing them. 

My plan is to house hack and BRRRR. First and foremost I want practice good habits as an investor. Understanding the numbers in rental properties. I don't want to overpay because I think I like the house. I rather be accurate on my selections.  

hello I'm new to investing and trying to figure out the proper system to identify and analyze homes. After I've done my comps I looked at the asking price $75,000; the comp is slightly superior and sold for $70,000. (It was the only property that actually compared accurately.) What is the next step? I'm just practicing because I want to be good at finding good investment properties and analyzing them. I want to house hack and BRRRR. First and foremost I want practice good habits as an investor.

Thank you thank you

OK. Thanks. How long were you there and what was your next investment move?

Thank you. To be honest I'm still working on figuring out the number if its a good buy and also the formula for finding houses thank you again

Today is day 1 trying to build a funneling system currently I'm using craigslist. I look for properties on craigslist then I go to my county's website from property for backround info then https://www.realestateabc.com/ for comps. I really want to know how to analize a deal

Well, I haven't purchased the home yet. That's the plan. My short term goal is to house hack, than move to BRRRR. Thats my goal eventually. using the FSP the allocation of paying myself 1st, The 10% I put to the side of my weekly paycheck. Should I let that 10% sit in a savings account and or use it for the mortgage when I house hack. Hopefully the tenant will cover the mortgage, and my ideal is to HELOC later on and start the BRRRR.

PLAN

1.FHA Loan House hack with tenant

2.FSP making sure my finances are proper. (pay myself 1st) The 10% from my weekly paycheck should I save it or then use it to put equity in the house faster?

3.HELOC to begin BRRRR

I'm curious about my financial spending plan. When it comes to paying myself; could/should I use that money to pay the mortgage off and if ever needed, I can try any equity loan rather it sitting in an account. Plan is to house hack with the tenants paying their rent which covers the mortgage.

Hello I'm interested in house hacking in the Cleveland, Ohio area. I"m new to investing; never done this before and my ultimate goal is to BRRRR.  I want to position myself to begin the process of BRRRRing but first i would like to house hack. Looking for advice and or experience. Just trying to start and build.