All Forum Posts by: Brandon Rush

Hey Mike,

Your points are exactly why I posted here. I am a bit concerned about tenant squabbles. In addition, there would be a lot of moving parts as you mentioned. As for cashflow, this property would cover me mostly if I were to occupy it (and rent out rooms), but cash flow would be tight and may not be worth it. The larger point of this post was to get and idea of what I should be looking for in general when going this route for house hacking.

This house may not end up being the one but I did not want to go out without a fight(in my head)

Thank you for your input.

Hello my friends,

I am looking in to potential options for house hacking my next property. Since multi-families are relatively expensive in my area (Danbury, CT) and hard to come by,I am thinking of renting by the room. A home not too far from my current residence is on the market and has 5 bedrooms and 4 bathrooms. Its currently priced at $410,000 but with the COVID issue going on, this may be in my favor since it is such an over sized home for the neighborhood and the price has come down numerous times on this house.

Some benefits I see in the property are:
Large home with 5 bedrooms and 4 baths
All 4 baths have showers
It is newly renovated
Has a two car garage
The wife is on board with this idea
Zoned heating
There is a university and hospital relatively close (10 mins) to the house

Some negatives I see are:
Its on a double line road which can get busy in the mornings and evenings
Parking would be tight if I rented 3 rooms with 1-2 spots each
Street parking is not available as the front of the driveway goes right onto a main road
Duplex conversion not possible due to SFR zoning

I am looking for advice from anyone out there who has house hacked and rented by the room. From what I explained here, what are your thoughts? What should I be looking out for? What else should I be considering?

Also, for those who have gone this route, what has been your exit strategy? If you kept the property after leaving, how did you manage all of your tenants? I would not plan to live hear any longer than necessary and move on asap to the next house hack.

Thanks for any advice and be safe everyone.

Thanks Morgan!

Thanks David!

Hey Dave thanks for the introduction and congrats on your 2 family in Glastonbury. I will definitely reach out shortly to chat. 

Thanks Filipe, I'm trying! Hoping to get this train rolling soon and bring you some business!

Thanks Monica!

Hello my name is Brandon Rush, I am currently a resident of Danbury, Connecticut. I am a relatively new member to Bigger Pockets and to real estate investing. Just this year, I started my company, Dartmouth Property Investors I am looking to invest in 3+ unit multi-family properties in surrounding Fairfield County towns (Danbury, Shelton, Norwalk and etc) and some of Hartford County (Bristol, East Hartford, etc). More specifically I am looking to use the BRRRR strategy on these properties, followed by holding them long term. In addition, I am looking to house hack 3+ unit properties as well.

Personally, I come from a technology background serving in various roles from technician to director. I have tons of energy and love being around others who do as well. I love manual cars, mountain/road biking, traveling the world, eating and pretty much everything else! After reading a number of books over the past two years I had a major epiphany after discovering the power of real estate and financial independence. How the heck did I not know about this 10 years ago !?!?!?! (Said no one ever). It’s all good though because yesterday is gone and today is here. Time to refocus that energy.

Currently I am studying like a maniac, developing my teams, and sourcing funding. In addition I am seeking out accountability partners, private lenders and mentors. Future plans include continued networking with many of the great investors in Connecticut, moving into the commercial multi-family space, and investing out of state (Currently Florida, North Carolina and Texas are in my scopes)

If anyone out there is seeking accountability partners, hit me up! Let's share that energy! Thank you for checking out my post and I hope to cross paths with many of you along this exciting journey!

-Brandon Rush

Thanks for post Jean. How long did it take from starting the FHA 203K process to completing the rehab?

@Anamaria Ivan A duplex is going to be tough, but is possible. In my opinion, I would recommend looking at 3+ unit properties for several reasons:

* Higher Cashflow

* Covers more or all of your expenses while you are an occupant

* Easier to manage as you will have multiple units under one roof rather than having multiple SFRs or duplexes

CT is expensive but there are many good deals out there. Just keep educating yourself and networking. Good luck!