All Forum Posts by: Garrett Pettit

I'm new to investing and trying to learn more. I am curious: are there any restrictions or penalties that comes with the future refinancing of a 3.5% conventional loan down payment primary residence triplex used as a house-hack and other units as a short-term rental? I understand it blurs a lot of lines, and I haven't been able to get straight answers yes, so I would appreciate gleaning insight from anyone here who might be able to help!

 Very true, buy my concern is in the execution: I've heard stories of Florida residents such as myself renting our portions of their primary residence house-hack only t get hit with whopping back-taxes and fines for handling homesteading taxes wrong. So the proper handling of taxes in a house hack is a concern I'm looking to learn more about. I'm speaking with tax advisors, but I wanted to hear the BP community's experience as well.

Does anyone have any advice for dealing with back-taxes and the risks/drawbacks of house-hacking a primary residence as an investment property as well? So many people say house hacking is the best way to start, but I want to hear real experiences from those who have done it: lessons learned, especially with regards to taxes, homesteading, and other tradeoffs that may have to be made.

 Agreed, Orlando is a bit far. However I am open to all opportunities, no matter how inland; particularly with regards to owning.

I’m a recent graduate from Houston moving to the Merritt Island area to work for Blue Origin! I have been looking for places to live, and am open to purchasing outright (so if anyone has anything nearby or in Orlando that they're trying to sell, or knows someone who does, please don't hesitate to reach out), and also renting, for the right opportunity.

Regarding renting, I am open to renting for a discounted rate in return for providing property management services. I have a diverse background in real estate, having served as a commercial acquisitions analyst, constructor, investor, and professional real estate copywriter. I am entering a new stage in my life, but as a young graduate, am extremely determined to save money for myself in this extremely costly environment that has developed over the past several years. I can essentially serve as a property manager: tending to the house (cleaning, maintenance, etc), working and coordinating with any affiliated contractors, and I can even perform rent-roll, T-12, or DCF financial analysis for you on the property, or look for other properties as well. I am a highly organized minimalist: I take meticulous care of my environment, and can fit most of what I physically own in one backpack. I leave almost no footprint, and can leave a property whenever needed, and it will be like I was never there, if not even better than when you left it! I’m not the party type, either, as I prefer to live alone. I can defend the property from burglars and pests alike. I could possibly live in one room, unit, or basement/attic, and any others could be rented out ad hoc. I'm not picky: I just need a place to live, and if I cannot find a purchasing opportunity, I am open to renting for reasons aforementioned.

If anyone is selling or renting in the Merritt Island and/or Orlando, Florida areas, please don't hesitate to reach out!

I’m a recent graduate from Houston moving to the Merritt Island area to work for Blue Origin! I have been looking for places to live, and am open to purchasing outright (so if anyone has anything nearby or in Orlando that they're trying to sell, or knows someone who does, please don't hesitate to reach out), and also renting, for the right opportunity.

Regarding renting, I am open to renting for a discounted rate in return for providing property management services. I have a diverse background in real estate, having served as a commercial acquisitions analyst, constructor, investor, and professional real estate copywriter. I am entering a new stage in my life, but as a young graduate, am extremely determined to save money for myself in this extremely costly environment that has developed over the past several years. I can essentially serve as a property manager: tending to the house (cleaning, maintenance, etc), working and coordinating with any affiliated contractors, and I can even perform rent-roll, T-12, or DCF financial analysis for you on the property, or look for other properties as well. I am a highly organized minimalist: I take meticulous care of my environment, and can fit most of what I physically own in one backpack. I leave almost no footprint, and can leave a property whenever needed, and it will be like I was never there, if not even better than when you left it! I’m not the party type, either, as I prefer to live alone. I can defend the property from burglars and pests alike. I could possibly live in one room, unit, or basement/attic, and any others could be rented out ad hoc. I'm not picky: I just need a place to live, and if I cannot find a purchasing opportunity, I am open to renting for reasons aforementioned.

If anyone is selling or renting in the Merritt Island and/or Orlando, Florida areas, please don't hesitate to reach out!