Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Daniel Caldwell

Daniel Caldwell has started 1 posts and replied 5 times.

Although im new to real estate investing and the only experience i have is through daily research. I would first start with building a network. I noticed that you were interested in house hacking so i would definitely pursue the multifamily properties... less competition, free housing and from all of the properties i have analyzed so far the multi-family properties have always provided higher COC return as well as cashflow. Also there is nothing preventing you from doing a little property rehab while you live there. adding carports, landscaping, storage units, driveways etc.. to boost your property value and gaining equity either to refinance or open a HELOC to fund your next investment. also if you're house hacking you will qualify for FHA loans getting that lower interest rate which i have noticed is the primary factor in cashflow. Again i am new to this so make sure you double and triple check your facts. Good luck!

Awesome Mark!  Thanks for the info. I appreciate all the feed back i am getting!

Well right now im just doing my "push ups". I did use the Brrr calculator and wanted to make sure that i was at least on the right track... basically looking for experienced people to say hey " you didnt think about this" or maybe even. "looks like youve got it covered, good work". i want to make sure im doing my "push ups" correctly.     Any advice you have would be greatly appreciated!

It is in Savannah, i am not experienced with classes i would say it is C class though. I chose flooring materials at $2.80 per sq ft (although the kitchen and bathroom tiles would be closer to $1.50 per sq ft i stayed with the hardwood flooring calculations) paint was at $36/ gallon totaling $250 for the entire interior and an additonal $2000 for random materials.  I can do the work myself so i did not add contractor fees.  another $12k to buy and Install HVAC.

View report

*This link comes directly from our calculators, based on information input by the member who posted.