All Forum Posts by: Christopher Mooney

Quote from @Logan Freeman:

Quote from @Christopher Mooney:

Do these happen monthly? Are they the same day each month, i.e. last thursday of the month kinda thing?

 Yes, we do these monthly. We're shooting for the last Thursday or Friday of the month, but playing around with dates/times that work the best for all. After this month's meet-up, we should have a better idea for planning out the next 6-months of meetups in advance. Not sure if you're on our mailing list, but we usually announce them there and via LinkedIn. Hope you can make it out for one!

Thanks for letting me know! Just got on the mailing list so I can keep an eye out for these.  

Do these happen monthly? Are they the same day each month, i.e. last thursday of the month kinda thing?

I am, sort of. But it fits my longer term goals. I want to use real estate to achieve financial freedom, and then use that freedom to travel a ton and pursue other wealth generating ventures, which I’d probably use to buy more real estate lol. 

A lot of people are big into efficient use of equity and portfolio optimization. But I just want to have cash flow forever to travel the world forever while I build some sort of travel business for people who love real estate (no idea what that really means, just want to hang with people who love travel and real estate). 

Fun post here!

Just my thought is the closer you get to nyc the more you’ll have to spend

Quote from @Christopher Morris:

Hello BP, I have been reading up and listening to podcasts on house hacking especially in NJ (Jersey City, Montclair, Bloomfield). As I'm looking for a house hack, I'd really love to live in a decent area (some in Jersey City can be iffy). Has anyone had recent success stories in 2023? 

As home prices in NJ are very high, it makes the decision to go FHA VS live-in Conventional hard for me. I could put a down payment for a conventional (20-25%) 550k duplex, but I feel it could hurt my chances of buying as many duplexes in a 5 year period (for example) if I go conventional VS an FHA at 3.5%.

Any help would be appreciated!

It's tough out there to make numbers work! I've been considering house hacking in NJ. I live in a very desirably town in upstate NY, refinanced at a super low rate, so will keep the house as a rental. But I work in NYC and my WFH days are coming to a close. So I too am faced with this predicament.

Are you commuting into NYC? Or would you be open to other areas not mentioned that may be more affordable? 

Hey all!

just listened to the latest Seeing Greene (ep. 747). In it David mentions selling a property and buying two or more with the proceeds, to get double appreciation, double debt pay down, etc. 

My question is, if I own a property free and clear, worth maybe $120K, and let’s say I sell and reinvest into two larger properties, putting $60K down on each, what are the key metrics to look at? What thing do you consider when doing this? How can I ensure I’m making a savvy investment by doing this type of move?

Also, in this scenario, assuming all $120K needs to be 103’d, any rehab budget seems to require just cash or a private loan, right? Anything creative you’d consider here?

As long as people are considered "low risk", this is a dynamic they'll be able to take advantage of. But lending requirements are going to become a lot more strict. We're moving into what's called a "credit crunch", meaning there is going to be a lot less capital that lenders will have access to, and therefore they'll lend to only the lowest risk borrowers.

But for people who will be able to get approved, lower rates are always nice :)

Amazing @Tenetrice Johnson! I love seeing a post like this and your professional responses to some push back too! I think you’ll have bright times ahead of you. You’re taking massive imperfect action and that’s more than so many can say. Keep grinding, keep humble, keep learning, and you’ll go far!

Hi all!

For those of you who use the Bigger Pockets calculators as your primary way of analyzing properties, I'm wondering how sound the analysis output is? Could you confidently use them to pitch potential investors or partners on a deal? Simply put, would a PRO membership be worth it simply for the BP Calculators?

I live upstate but work in NYC. I’d be interested if it was a good, committed turnout!