All Forum Posts by: David Zheng

better hurry and try to sell that SFH now. Maybe delay the closing on the other and try for a double close.

Im trying to figure out if this means more competition....or more resources...

Just kidding, this is awesome news! Super happy BP has grown so much!

if you want to be a landlord how much money have you saved? surely enough for at least an FHA loan to house hack? even 20k for a small purely rental SFH or condo should be easy for most people saving vigorously for 2 years.

if your airbnb is in a heavy traffic area and you plan to be using this rental as an airbnb for a while, I would craiglist a replacement TV for $200 and call it a day. but tell the guest to give you a superb review for not burning his a$$

are you going to live there as well or are you just buying it for her. Cause obviously with a 5% down loan, it has to be owner occupied.

and finally no, I would never ever do this deal. treat your business like a business so credit checks, background, income verification all matters Unless you don't mind losing friends or money

not really financial related, but Joe is also managing 3 units when hes not house hacking vs. just 2 if he did house hack.

Like most people said though, downpayment is the biggest reason to house hack

It sucks. I got hit with it here in Stl too and I wasn't aware of the law  when I first started renting out. From my experience, siblings count as one entity. It really is a dumb law especially when your place is legally allowed to hold 3 times as many people as they allow in terms of unrelated people. what a waste of space

I personally have tried both and I don't travel enough (yet) to stay with a travel card. same with eating out...when youre young and trying to save money (and your waist line) by cooking all the time, the hotels and restaurant bonuses don't do much.

Here's a list of what I do use though

Alliant - 3% of ALL purchases
Amazon - 5% off all Amazon purchases
Amex Blue- 6% groceries, 3% gas
Discover - Revolving 5%
Chase Freedom- Revolving 5%
Lowes - 5%  (for those remodeling projects)

I've covered pretty much all my big spending places with those cards and with a base 3% cashback to work with, I've already beat out the 3 to 1 points by the points cards

@Ray Harrell I absolutely don't think having a one month vacancy is typical. In fact, I do the same thing where if I know a tenant's lease is up and they don't want to extend the lease, I'm going to be searching for new tenants while the current one's are still in. A month of vacancy no matter how long the previous renters were in is a lot of costs to chew.

I know this is slightly repetitive, but why are you shooting so high so fast.

Why not start with a couple small container homes to at least prove it'll be somewhat successful before you scale.

I'm going to be a harda$$ but theres NO investor with hundreds of millions that will invest in an unproven pipedream. You need to at least have some sort of resume in doing this kind of thing.

Also  I noticed in your posts, you say a lot of "I don't know anything about this or that right now" or "I have very little experience" and even if its followed by "I will learn!" that's not a good way to pitch an idea.

Good luck.