All Forum Posts by: Colin Ferek

My offer was accepted on a beautiful quad last week. I’ve been house hacking 4 years which has allowed me to save 25% for the down payment. Cash flow on the quad is 800 a month if my numbers are correct. This property definitely needs 10-20k in rehab that I can see. Fully occupied. Rents are under market. Basically, I need a push/suggestions. I’m having a hard time fathoming parting with the cash. 

is this still available ?

can you please send info on this!? Avaible or not! 

Colinferek@yahoo.com

Hello BP family!

So, Iv'e been analyzing properties on the BP rental property calculator. All of the properties being analyzed I plan to house hack. When I plug the numbers in, I run into negative cash flow If i do not include my share of the rent/money I could be saving by house hacking. If i input the rent I would be contributing for the unit, it is positive. 

I see that this could be a newbie mistake. Is there a better way to be analyzing these reports for a house hacker scenario? 

Thank you! 

Hello! I have been researching investing in multi-family homes over the past year. I plan to house hack in Lakewood, Ohio. Shortly after the first purchase I would like to save more of my own capitol from my full time gig to purchase another duplex in the area. Then continue to repeat and grow. I've heard some negative and positive on this approach. Any suggestions? Is financing your second property more difficult after a owner occupant purchase? Thank you! Hi5!