All Forum Posts by: Evan Gorczynski

@Antonio Cucciniello I have not been factoring inflation into my analysis due to the uncertainty. The ROI is based off of the loan pay down specifically. Does that change anything?

I live and work in Research Triangle Park and currently rent a room in downtown Raleigh. 

I just recently completed the Guide to House Hacking book and am having a hard time understanding if net worth ROI or cash flow should be a bigger priority. For a move in ready house in this market, there is really no way to positively cashflow more than 100$ and a lot of properties I have assessed would have negative or break-even cashflows. These same properties would return me 10-15% yearly on my initial investment which is why I do not know which is more important and why. This is kind of a vague post but any input or opinions from people in a similar situation would be greatly appreciated!

Some extra information: I am looking at single family homes under 350K and am looking to put a 3% down payment on the property. My analysis is already factoring in a 250$ reserve (~15% gross income).

@Chris Mason So for arithmetic, is the PMI and other fees rolled into the monthly payment? I rarely hear anyone mention it but maybe its assumed.

I am looking to house hack a single family home for my first house. I hear a lot in this community about always putting the bare minimum down. This conflicts with what I have always believed as a long time Dave Ramsey follower. How are other house hackers factoring in the fres associated with an FHA loan or PMI? For some extra context, a family member has offered to give me a zero interest loan in order to put down 20%. I am also in a high cost of living area (RTP NC) Thanks!

I recently discovered Bigger Pockets after becoming more interested in the FI community and real estate investing. I work in Research Triangle Park in North Carolina and I am looking for a house hack for my first home purchase.

I love the idea of a duplex for its simplicity, but in this area the numbers just don't make sense. I am considering doing a letter writing campaign but for the most part believe this will be too expensive for a first go.

I have been looking for single family properties with ADUs or In-law suites that would allow me to live in a private space and use a renter to offset the cost of the mortgage.

The primary questions I have are as follows:

1. Is there a general rule with regards to the numbers for assessing a house hack?

2. In a high cost of living area, does it make more sense to buy move-in ready as I have heard BRRR doesn't work well here?

3. Is there another option that I am not thinking of?

3. I would love to hear about any other forum members who were in the same situation that I am in now!

Thanks!