All Forum Posts by: Carey Lilly

@Elio Campiolo Jr Thanks! 

@Logan Allec Thanks for the spreadsheet analysis tool. I learned something new. As regards the accountant, I don't mind working remotely. When it comes to state taxes, I'm generally of a mind that it's best to have someone experienced with the local tax laws. But I will broaden my search.

@Michael Noto Thanks for the lead. I will look them up.

Up til now, I have been a "by the numbers" sort of taxpayer, no deductions or fancy paperwork. Obviously, if my first house hack deal goes thru, I'd like to maximize all the deductions that I can. Does anyone have recommendations for REI-friendly accountants? I'm in SE CT, but New Haven or Middletown are not out of the question.

@Matt R. you are right about working on cars in winter. I've laid in the slush in February changing out an alternator. Fortunately, I should be able to use my in-laws' garage, assuming the car can get there. -_-

Thanks for your thoughts. The numbers work, but I guess the wife'll have to bear the small kitchen for a while. 

This is a sort-of repost. I noobed and accidentally posted it in my local forum.

I'm currently in the market for an owner-occupied multi-family. I'm weighing a couple of options, but there's one in particular that I think has potential as an investment. The problem is that as a home, it comes with some compromises. The place is only about 800 sq ft not including the unfinished basement), and it has no garage (I do my own vehicle maintenance). The pluses are the location, which is ideal at this price, it's turn-key (I'm not in a position to renovate), and it's an easy commute to my job. I'm assuming/hoping that as a beginner REI this is not my "forever" home. So I guess my question is, should I buy something where I have to make compromises, or should I hold out to see if something comes along that suits me better? What are your your first owner-occupied stories?

I'm currently in the market for an owner-occupied multi-family. I'm weighing a couple of options, but there's one in particular that I think has potential as an investment. The problem is that as a home, it comes with some compromises. The place is only about 800 sq ft not incl the unfinished basement), and it has no garage (I do my own vehicle maintenance). The pluses are the location, which is ideal at this price, it's turn-key (I'm not in a position to renovate), and it's an easy commute to my job. I'm assuming/hoping that as a beginner REI this is not my "forever" home. So I guess my question is, should I buy something where I have to make compromises, or should I hold out to see if something comes along that suits me better? What are your your first owner-occupied stories?

Thanks for the welcome everyone.

Hello all! I've been lurking for a while, but decided to finally join BP. I was first introduced to RE investing by a good friend years ago, and we had planned on partnering up. Of course, life happened to both of us, and so here I am, starting from scratch about 15 years late. At the moment, my first goal is to find a multi-family to owner-occupy. Beyond that, I'm hoping that I can make RE investing my full-time occupation. For now I have a tech support job with a Connecticut manufacturer that involves being in a cubicle a lot. Thanks for reading, and see you in the forums.