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All Forum Posts by: Danielle Campos

Danielle Campos has started 2 posts and replied 10 times.

Post: Rejecting an ESA

Danielle CamposPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 10
  • Votes 27
Quote from @Russell Brazil:

This is a unit you live in? 

That makes your roommates borders, not tenants. Different set of rights altogether.

 Yes, correct. I'm househacking my home and renting out the extra rooms to others so they will be my roommates at the end of the day.

Post: Rejecting an ESA

Danielle CamposPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 10
  • Votes 27

I just posted my rooms for rent in my first house-hacking (yay!) and I've been trying to understand how I should reply to some inquiries I've been receiving. I've posted that I prefer female housemates (zillow, hotpads, and roomies allow for this) so I assume I can deny someone for being male if that's not what I want and clearly state this in my reply to them?

Another one that has popped up a lot is people with ESAs. One has been an ESA cat - which I am allergic to cats. I assume I can deny on the fact that I'm allergic to cats? However, my latest inquiry has been a woman with an ESA dog. I have a dog in the house and would not like other pets at this time, being ESA or not. Can I deny this person and state that I do not want additional animals in the house? Is there any risk to me in denying for this reason?

Post: Just got my first house hack!

Danielle CamposPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 10
  • Votes 27
Quote from @Jake Andronico:

@Danielle Campos

Congrats!!! That's super exciting :) 

A friendly warning from deciding against a similar project in one of my house hacks, the bathroom renovation may be a bit extensive. Do you think you need to do this to accomplish your house hacking goal initially? 


 Hey Jake. Thanks for the question. Since I'm planning to have 5 bedrooms and one has a master bath, that would mean 4 people would need to share 1.5 bathrooms. My goal with extending the half bath to a full is to provide more shower spaces for people and hopefully make it more attractive to live in the home. I guess at the end of the day it isn't 100% needed but personally I think it would make it more marketable.

Let me know if your thoughts.

Post: Just got my first house hack!

Danielle CamposPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 10
  • Votes 27
Quote from @David Liu:

@Danielle, awesome to hear you got your house hack property. It sucks that people in your circle don't understand or can appreciate what a life-changing decision you made by buying an income producing property! 

So for DIY, I used to be a construction engineer(managed contractors), my wife and I also renovated our own house hack with LVP, repainting tiles, walls etc... 

I have two pieces of advice for you. One is practical and second is mental. 

On the practical side, try to look for an LVP flooring that has sound blocking properties. With 4 other roommates, the more sound proofing measures you can take the better experience it will be. So flooring, insulation etc... should have sound proofing thought out. Use HomeDepot's flooring calculator to calculate how much flooring you'll need (it includes a 5% extra flooring buffer because you will mess up some cuts)

On the mental side, whether it's a big construction project or a simple LVP flooring project, you will encounter set backs, problems etc... you're going to want to give up, take a deep breath and push on. It'll get done. 

We just completed a triplex renovation in Charlotte that took 1.5x longer than it should but we pushed through and we were able to double rents and improve the living quality. 

Let me know if you have any specific construction or house hacking questions


 Appreciate the advice, David. As much as I personally hate carpet, we will be keeping them in the bedrooms for that same sound proofing reason. We're also lucky that none of the bedrooms share a wall so that should reduce any noise disturbances. I'll make sure the LVP on the 1st floor is not noisy for the one bedroom down there.

Thanks for the mental tip. I'm sure I'll need it!

Post: Just got my first house hack!

Danielle CamposPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 10
  • Votes 27
Quote from @Derek Brickley:

Awesome!!  Congratulations, and know that we do understand hahah.  Just know everything is going to cost more and take longer than you planned/hoped, but do your research and keep up the great work!  For LVP, we have had great luck with the heavier wear stuff. Finding one that has built in padding and a thick wear layer (10 or 12 mm) makes for easier install, it holds up forever, and is just all around better.  I'm sure there are other brands, but we use SmartCore LVP for all our rentals (from Lowes).  It is pricier, but we have found it to be worth it and it looks great.  Get some samples (free in store) and get some color wheels for paint and see what you like best!


 Definitely feel is already on the "cost more" part. Haven't experienced the "take longer" part but I'm sure my 1 month timeline will stretch out... Will take a look at SmartCore - thanks!

Post: Just got my first house hack!

Danielle CamposPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 10
  • Votes 27
Quote from @Benjamin Sulka:

Danielle, 

Congrats on taking action!! If you're looking for people to match your excitement, this is definitely the place to be. 

I don't have any insight into DIY (although I plan to do a good deal of DIY when I buy my house hack in 2024).

Everything is a learning process and if you don't know how to do something, have full confidence that you can learn how to do it. And if not, just hire someone you can trust to help! If I've learned anything from other real estate investors, you may cycle through several contractors/handymen.

You got this! 


Thank you for the words of encouragement! I've been stuck on the "contractors" part of building your team but I'll get there eventually to contract out the big stuff.

Post: Just got my first house hack!

Danielle CamposPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 10
  • Votes 27
Quote from @Vitaliy Volpov:

Hey Danielle!

Congratulations on the first house hack! Others have already given you good advice on the DIY vs. contracting out and the flooring questions. My question and encouragement to you is about the big picture. I am curious about your plan for renting part of this house? Charlotte is obviously an attractive destination. Are you planning to rent the rooms on airbnb or to long-term roommates? Or is your "house hack" plan to do a live-in flip or to rent the whole house out after you live there for a while and then move out and on to a second property? 

I know you are very excited, as well you should be! But, I would encourage you to also think strategically about how to maximize the "hack" part of the house hacking strategy. It's fun to remodel the house and make it as nice as possible. But, at the end of the day, you also need to make money and offset the costs through tenants.

Vitaliy


Hi Vitality. Thanks for commenting! I'm 100% with you there. I want to make sure I make money, so trying to keep costs low while also trying to make the house look like a place people would want to live. My strategy right now is to get long term roommates and to move out after the year to buy my 2nd house hack. I'm trying to DIY as much as I just to A) reduce costs and B) I'm naturally curious to see how much I can do myself so I can gain experience. If the long term roommates strategy doesn't pan out, then I'd go for the Airbnb route.

Appreciate your comment and let me know if you have any other thoughts!

Post: Just got my first house hack!

Danielle CamposPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 10
  • Votes 27

I'm running to BiggerPockets because no one else understands what I'm doing or how excited I am. I closed on my first home/first house hack last week! It is a 4 bedroom, 2.5 bathrooms single family home. My plan is to convert the dining room into the 5th bedroom and the 1/2 bath into a full bath and ultimately make this a 5 bed, 3 bath home.

The home is exactly what I wanted with light renovation needed. I've never done anything DIY so this will be my first attempt. I am planning to put in LVP, paint the kitchen cabinets, and add some tiles to the bathroom. Unfortunately, it seems that I may need to replace all the carpets upstairs since it has black lines on the edges due to soil filtration (previous owners didn't clean their air filters often).

I'm feeling very optimistic right now, but have spent a whole week just trying to decide on a good value LVP so I can replace the 1st floor... I still need to pick a carpet, get it installed, and find a contractor who can do the bathroom conversion (I definitely cannot do that).

Would love to hear other's experience diving into doing DIY for the first times. Any tips?

Post: How to Nail House Hacking Finances: Seeking a Spreadsheet for expense tracking.

Danielle CamposPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 10
  • Votes 27

Hi @Harshraj Thakor. I'm also going to be starting my first house-hack in Charlotte and I have been wondering the exact same thing so thanks for posting! I'm also planning to track all the items I buy for the common areas (living room, kitchen, backyard). I'm wondering what expenses can be considered for business deductions.

Post: House hacking at 22 - What I regret...

Danielle CamposPosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 10
  • Votes 27

Thanks for sharing! Super inspiring but not sure I could do a curtain-in-room situation. Kudos to you! Looking for a home to househack at this 7.3% interest rate life we currently live so reading these stories get my spirits up!