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All Forum Posts by: Dana Hagans

Dana Hagans has started 8 posts and replied 16 times.

Post: Potential House Flip in Brooklyn, New York

Dana Hagans
Posted
  • New to Real Estate
  • New York
  • Posts 16
  • Votes 14

Hey BP community, I'm looking into a potential flip in New York, and would love some insight from experienced investors. I'm looking to use a Fannie Mae Renovation Loan. The property is a single family home that is on sale for $179,000. I'm estimating renovation costs at around $150,000. ARV seems to be in the range of $735,000. I'd love to hear from those who have flipped in New York—what unexpected costs should I prepare for? Any contractor recommendations or lender suggestions for short-term financing? Also, how is the current demand for flips in the area? Any insights, red flags, or advice would be greatly appreciated!

Post: Promotional code for Pro Membership

Dana Hagans
Posted
  • New to Real Estate
  • New York
  • Posts 16
  • Votes 14

I’m looking to purchase the pro membership. Would anyone happen to know of any recent promotional codes that are still valid to use? 

Post: Multifamily Real Estate Investing

Dana Hagans
Posted
  • New to Real Estate
  • New York
  • Posts 16
  • Votes 14

Hello! 

My price point is $350,000. I like to not go above$350,000. For the condition, I'm not picky, so I don't mind looking at both turnkey properties and a fixer upper. 

Post: Multifamily Real Estate Investing

Dana Hagans
Posted
  • New to Real Estate
  • New York
  • Posts 16
  • Votes 14

Hello, I currently live in Brooklyn, New York. I have a husband and 4 kids. My husband and I are looking to purchase our first investment property next year. We want to get into Real Estate Investing starting off with multifamily. We would live in one unit and rent out the other units. We looking for a 2-3 unit property. We're looking to relocate to a different state within the next 6-8 months. Does anyone have any recommendations on what state would be best to purchase a multifamily unit? We're currently looking into North Carolina and Georgia. 

Post: How Long Did it Take You to Find Your First Property?

Dana Hagans
Posted
  • New to Real Estate
  • New York
  • Posts 16
  • Votes 14

@Charles Walker

Thank You for that information. I never thought about reaching out to the Real Estate agent. I thought it had to be through the owner itself. When I was searching on zillow, I was strictly looking for "by owner" "distressed", etc. Thank you again! 

Post: How Long Did it Take You to Find Your First Property?

Dana Hagans
Posted
  • New to Real Estate
  • New York
  • Posts 16
  • Votes 14

@Charles Walker

How did you go about searching on Zillow? I've been searching but of course I'm still looking for the "right" market. I'm currently in New York, NY so I was thinking I'm better off with  virtual wholesale, but now I'm stuck on what market to look into and how to go about searching in the market. 

Post: Wholesaling in New York

Dana Hagans
Posted
  • New to Real Estate
  • New York
  • Posts 16
  • Votes 14

Good Afternoon, I'm looking to Wholesale in New York. Does anyone have any experience at wholesaling in New York? Specifically what area? I currently live in Brooklyn, New York. Also are there any interested investors? 

Post: House Hacking to start out in the investment game

Dana Hagans
Posted
  • New to Real Estate
  • New York
  • Posts 16
  • Votes 14

@Jimmy Lieu I am interested in exploring the market opportunities in Columbus, Ohio. I have heard many positive reviews of this market and would like to take a deeper look into what it has to offer. I believe there are great potentials for growth within this area and would love to weigh out my options before making any decisions or investments.

Post: House Hacking to start out in the investment game

Dana Hagans
Posted
  • New to Real Estate
  • New York
  • Posts 16
  • Votes 14
Quote from @Caleb Brown:

The good part about investing where you are is the massive upswings of appreciation. I'd try that first before going to another state. The best way to get in is house hacking a 2-4 unit and utilizing FHA(3.5% down). The prices there are expensive and it is competitive. If you do look OOS you'll have to at least put 20-25% down for MF(unless you move to the state and house hack). There are many markets, Midwest is the popular trend. Happy to chat on KC, it's a great Midwest market

I would love to chat more about KC. Midwest has been at the top of my list. 

Post: House Hacking to start out in the investment game

Dana Hagans
Posted
  • New to Real Estate
  • New York
  • Posts 16
  • Votes 14
Quote from @Jimmy Bostic:

@Dana Hagans I think that house hacking is a great entry point for REI. But to house hack by definition is to live in the home, which is a bit confusing since you said you don't want to invest in New York, yet you live there. So perhaps you plan on moving?

If not, you can use a different strategy for oos investing. If you wanted to invest oos, or even move, the midwest has good markets. Ohio, particularly Columbus, has a good multifamily market. 


 Yes I do plan on moving. Pardon me for not mentioning that part.