All Forum Posts by: Bradley Dosch

Hey Ariel, depends a lot on your goals and what you have lined up next. What is your overarching goal with FI and which decision would align best with that goal? Do you have a better deal lined up when you sell? What would you do with the equity? I think answering these questions is important. 

If it was me, I’d only sell if there was a better deal to put the proceeds in that aligned better with my interests and goals. If not, the cash flow you mentioned sounds pretty sweet and I’d be hard pressed to sell. Good luck!

Excellent work on this house hack. I love that you renovated those kitchen and bathrooms to add value. Excited to see what you’ll do with the sales proceeds 

Hey Mario; that’s an awesome position and plan you have! I think leveraging the 3.5% down payment to buy a multi family house hack is one of the best wealth accelerators possible. 

In terms of single vs multi, doesn’t matter too much imo. Whatever is most feasible in your market and fits your lifestyle/goals best. Focus on that and you’ll be fine. 

Hey Christian, I got started somewhat similarly to you. Just bought a house to live in, rented the rooms out, moved out and kept it as a rental and have been repeating ever since. I think this is a super accessible way of investing in real estate for many people! 

Good question, the main things are the slightly higher fees and interest rate. It could possibly make the offer less competitive. 

House hacking with a low down payment is the go to answer. Of course both conventional and FHA have 3-3.5% down payments which are already low. If that's too much for you there are many down payment assistance programs. Bank of America is offering $10k towards down payment and $7.5k towards closing costs. Most states have a down payment assistance program. Look into your state, county and city programs that can help. Additionally, get connected with rockstar agents and lenders in your area. They will be able to help and give more ideas with their expertise. Good luck Mason!

I love that this factors in all the different facets of house hacking! Things really start to look nice once you move out and keep it as a full time rental. The numbers only get better year after year

Hey Shaydon, that sounds like an interesting yet common position to be in. Luckily you have a few options. I like the idea of maximizing the cash flow by putting something in the backyard. Be creative here - could you add something trendy? A tiny house, dome, yurt, potato, etc? Could you make it a really cool experience for guests?

What is the purpose of remodeling your house? Is it for future/current tenants or is it just for yourself? Even if it's just for yourself, it could help the resale value. But if it's just for your own comfort and enjoyment, I would focus more on generating income from the backyard (sorry we're a bunch of money focused ppl here lol). Anyway, if money is an issue for funding the renovation - you could look into getting a construction loan. You could possibly do a heloc but it's still kind of soon for that. Doing it diy is also a great viable option if you have the time and patience. You can also fund it with zero intro interest credit cards (business or personal). 

So in summary, I would get clear on what you really want and why, and then just go for that. Easy right? :) Haha it never is. Good luck Shaydon!

It can be really tough to find 2-4 units in expensive markets like Denver. You'll typically have better luck buying a large SFH and then renting it out in a creative way (rent by the room, STR, medium term rental, etc).

Hey Jesus, that's pretty neat you have a successful clothing operation going. Definitely continue focusing on growing that! Your idea you mentioned at the end of your post is perfect. Buying something to live in and then renting out the extra space is a great way accelerate your wealth!