All Forum Posts by: Dan Guenther

What's up @Jonathan Guzman - Welcome to the community! I'd have a look for any wholesale-related FB Groups or Meetups in the area. Your best bet is connecting with any locals willing to coach/mentor you as you get up and running! 

Hey @Suddha Talukdar - Welcome to the community! This is the ultimate place to network and connect with like-minded people. My wife and I moved to Denver from Portland a few years ago. Let me know if you're ever in Colorado! 

Hey @Joseph Kirk - lots of good input here! I've done it both ways mentioned. While living there it will be a lot easier to just split all utilities equally among roommates and have them venmo you every month. This gets to be a big headache once you move out though so you might want to consider just baking the average utilities into your monthly rent. I'd recommend installing a smart thermostat at this point so you can easily track usage from anywhere! 

Good luck to you sir! 

Hey @Max Moncur - Welcome to the community! Without knowing more details about your situation here are few thoughts: 

1) Do you specifically need to use the FHA vs 3-5% down conventional?

2) I'm sure you are working with a great agent but how are they presenting the offer/terms? Are they connecting your lender with each offer so that said lender can also reach out to the listing agent to vouch for your qualifications and to show a strong team? 

3) Are the properties you are looking at questionable as far as FHA lending guidelines go? (Any peeling paint, broken windows, overhanging tree branches, sagging roofs etc).

While FHA loans can be looked down upon on the listing side, this shouldn't be a deal breaker if you are making strong offers and the house checks out. Unfortunately, if you are up against a cash offer of the same caliber, it's going to be hard to beat that.

Hey @Edwin Machado - Welcome to the community! 

I'm not an expert on the East Oakland market by any means but here is one resource you can use to check the demand in the MTR space there. 

FurnishedFinder.com/stats  - 

https://www.furnishedfinder.co...

Map Searches and Housing Requests for the
Oakland area (last 12 months): 346,734
Map and Property Listing Page Views for the Oakland area (last 12 months):
1,988,474

If you haven't already, I'd connect with some local investors/agents out there to confirm before making any investment decisions! Hope that helps a little and reach out if there is anything I can do to help! 

Hey @Jacob Valle - you're onto something good here! I started a local Meetup in Longmont, CO about two years ago and it's been a great experience. 

There are a lot of different approaches you can take when getting up and running. Do you want it to be more formal with a presenter talking on a specific topic or more casual focused more towards the social/networking side? 

For me, I wanted to start a Meetup for investors at all levels and make sure that it was low pressure so that new investors would feel comfortable joining in as well. 

It will definitely be a trial-and-error process so make sure to keep an open mind and don't set super high expectations for the first event. Just be consistent and market it everywhere possible (Meetup.com, Eventbrite, BP Events Forum, any local FB Groups, Instagram, etc.). Over time if you are consistent you should be able to build the group up as big as you want it to be! 

Reach out if you want any more specific tips! 

Hey@Kao Lor -

Welcome to the community! I'm not familiar personally with the laws there but check out this article for a bit of insight. It looks like Winston-Salem allows for both owner/non-owner occupied STRs. 

https://awning.com/post/north-....

Do you have an investor-friendly agent out there or other investors that you can confirm with? 

Hey @Alyssa Aleman - Welcome to the BP community! Do you need the internship as part of your degree? If not, then one idea would be to look for a job in a real estate-related field (property management, construction, development, banking etc). This could allow you to be around people that are doing what you are looking to do while making a bit of money at the same time. 

Aside from that, get out and network with other house hackers/investors in the area. You'll be surprised how many people love to help others get started and to share their knowledge. 

Hey @Roman Katz - love the idea! Your best bet might be to check out current meetups/events in the area. Once you have an idea of what people are interested in then you can narrow down and start up your own meetup. 

Hey @Account Closed - it can be super intimidating at the beginning especially before you have that first deal under your belt. Learning how to use the house hacking calculator you mentioned is going to be a great start. After you analyze 100+ deals in your market you will eventually be able to run the numbers in your head! 

Reach out and we can walk through a few practice deals together.