All Forum Posts by: Eric DeNardo

@Renee Coss,

Welcome to BP! California can be tough! I'm in Denver and while its cheaper than Los Angeles, it's also tough to cash flow without being creative. Many investors are flocking to the midwest because of low prices and you can cash flow, BUT appreciation is grim and you won't build much wealth there IMO. Good luck on your journey and reach out if you have any questions!

@Jahid M.

Glad you made it here! I house hack in Denver, Colorado and I airbnb my property. If you have any questions about STRs, please reach out!

@Sandie Dela Cruz,

You have come to the right place to learn about and take action in investing in RE! What strategy are you thinking about to get started?

@Lena Castellano,

Welcome to BP! It's the best place to learn with its resources, forums, and great people. I house hack myself here in Denver, CO. Reach out if you have any questions about getting started!

@Anthony Colachicco,

Welcome to BP! You have come to the right place to learn and connect with others. I'm in Denver and I house hack with Airbnb. If you have any questions, please reach out!

@David N. I use Roku and its great. THere's a guest mode where people can sign into their own accounts and it includes live TV. So no cable needed. Highly recommend Roku.

@Wei Zhao,

Consider house hacking with roommates in a SFH if you can. That will give you the most income and when you house hack and it will be cheaper than a multi-family property.

For you're first investment, choose your home market, if you can make it work. You know the good areas and better understand the rental market. Once you get one under your belt, then you can think about out of state investing later and use the equity you built with the high appreciating market you are probably in! Reach out if you have any questions, our team knows several agents who house hack in Seattle. 

@Devin Voelker,

Like @John Mason asked, check to make sure your comps are solid, maybe even price in the worst case scenario for a rental. and see how that affects the numbers. 

MTR typically requires you to furnish the place. If you have extra cash, then do it. It usually pays better and you seem to be in a good location for it. It's worth the risk because with that income, you're mortgage will probably be less than what you would pay for rent. 

@Dan DeGroff,

Welcome to the community! This a great place to learn from others and work towards your goal of financial freedom. Reach out anytime if you have any questions or if you wanted to talk about your goals and how we might help each other out. 

Hey All, 

I wanted to get some advice on how to use other people's money to purchase a long-term rental property. What are reasonable terms  to attract others to invest in you with a property. I'm open to any experiences and advice. Thanks!