All Forum Posts by: Dominick Galinis

I would say not to assume the worse but just talk to the tenant. Christmas did just pass, and for all we know, your tenants (fill in relative here) could have just paid their rent for them. When I was younger, my mom paid for mine for Christmas one year. Not because I needed it (I always paid on time) but she just wanted to do something for me. So double check to be sure.

Hey @Justin Stetson
welcome to Bigger Pockets! You’ll find that this forum and the people who frequent it will be a never ending source of info. 

to speak to your question of where to begin, depends on where you want to go. 

Do you want to be financially free? How much will that cost? Do you just want a nice side income? 

And from there or breaks down. How hands on do you want to be? You can be completely hands off and do a REIT or give your money to an investor. You can do a LTR and have a lot more freedom. Or do STR and get more money but more work.

I think you need to find out where you want to go, and then from there listen to the Podcast to find out if anything you hear on there talks to you. Remember, there really is no “wrong path” here, it’s just what you want to do and the goals you have. Good luck!

@Michael Swan

Happy new year Michael! My REI for 2022 is to BRRRR 5 small multifamily properties. But opposed to renting them out for LTR, the plan is to rent them out for STR. Any advice you have would be immensely appreciated!

@Elijah Danielsen

hey Elijah! Welcome to Florida! Miami can be tough to break in for sure, but absolutely doable. One thing I would recommend is checking out the Airbnb laws for the area since you mentioned wanting to possibly Airbnb out a room or two. Good luck!

@Quinn Olivarez

congrats Quinn! Great way to end the year! Keep it up!

Hey Annie!

so, it’s time to employ BPs favorite answer: it depends on your goals.


financially speaking, it's better to get as much leverage as possible to make the numbers work. (Like a FHA loan if possible)

But, if you get more peace of mind for having the house more paid off, it might be worth it to get a second home loan or whatever and put down 20%. 

It’s just up to what’s more important to you, and how fast you want to move. (Insert something in here about any action being better than no action to complete it all lol)

As of right now I’m just grateful to still be here and to have my baby girl

@John Warren

thank you very much for your response John! I appreciate it!

Hey BP fam,

I had a question pertaining to FHA loans. I am planning on getting a FHA loan on a multifamily property and house hacking. And I know the very basics of the loan, such as you (typically) need to occupy the property for a at least a year.

Now for my question: I mentioned this to my brother, and he asked me the following:

He just renewed his apartment lease that will expire in Oct 2022. What happens with that lease if he gets a FHA loan? Or how does he handle that?

Also; he is planning on getting engaged to said girlfriend over the next year. If they each buy a multifamily property using a FHA loan over the next year, and they get engaged, do they have to keep the "owner occupied" portion of the terms or can say, his girlfriend move into his unit and they rent out her old one?

Thank you guys in advance!

@Kamilla Altunyan

she hit it right on the head. I would check Instagram for different things and use that as inspiration.