All Forum Posts by: Eric Piccione

 We would have the tenant cover utilities. This was just an example trying to figure out the numbers for now. would it be fair to set aside an additional 5% for all of those things in the event something goes wrong?

This may be me overcomplicating it, but I recently ran into a 5 plex that apparently rents at 1085 per unit. With P&I at 871, does this mean using the 50% rule, i'm cashflowing $1841.5/M (5425/2)-871=1841.5 This definitely seems too good to be true. P&I is calculated per room correct?

While searching online I came across a package of 5 condos that is going for 255k, Each unit is renting for an average of $760, if I'm doing my math right, this makes the income to purchase price to 1.49% Given that they are a package deal, this is a great bang for your buck investment. However, can you even house hack a package of condos? I'm quite curious to look into this because if so, this would be a pretty sound investment. Thanks in advance!

I apologize if my pea brain does not comprehend this concept. If a seller is giving 2 units for the price of 450k, would this mean I acquire only 1 loan? Even if it is 2 completely separate units?

Curious to know how the deal worked out. Do you still own it?

 Beautiful, and then quadplexes would be the same as well? nothing changes as long as they are side by side? Once you go vertical you have to get more creative?

 Absolutely, it is not fun to hear the family next door partying at 1:00. Just have to make the walls thicker lol.

I love being able to live for free and house hacking provides that opportunity. But what about 5+ years from now. What do you do? Would it be better to rent house or apartment? Taking your own expenses out of the question by house hacking is incredible. I would not be opposed to doing this indefinitely, but as some point, it would be nice to have a place that is independent of anyone else. Could someone provide some insight on this matter? Thanks in advance!

 The way I understand it, i'm getting money no matter what in a lease option. If they decide to buy in a few years time, it's a win-win. I was seeing if there was a way to get into lease option with no money down as Brandon mentions in the book.

I like the BRRRR method and the potential income it provides. My question is can there be a lease to own opportunity mixed with BRRRR? I would like to have my own property that I can refinance and collect even bigger cash flows for. I was curious if the two can even be merged. I'm assuming since the property is not in your possession, you can't do this. However, when you own the property, can you lease to own and BRRRR at the same time? Thanks in advance friends.