All Forum Posts by: Greg Koszkul

This is a good point even though I am living there now I plan on house hacking again next year at another property so I would not be here day to day to control how the yard gets used or rearranged by tenants.

Filipe it is in North Carolina so definitely soil is optimal here for flowers, trees etc. The property already has decent shade so I don't think that will be an issue. I was definitely thinking of putting weed fabric underneath the gravel areas to slow the spread of weeds and then just maintain the weed growth in the years after.

I recently began house hacking and have about an acre of yard to play with- right now it is bare and no grass. What would be a good (and not excessively expensive) method to make this presentable for tenants to use and spend time in? I was thinking a combo of grass, mulch along the fence perimeter and one or two gravel areas with lawn chairs for tenants to hang out. Thoughts?

The house I have under contract has Aluminum wiring. Is it recommended to replace it or pigtail the wires to copper? I am looking to rent out the rooms and would like to keep costs minimal but also minimize a risk of fire from the wires.

Hello! I am considering offering on a USDA loan-eligible property. It is in relatively good condition and a 3 br. I will be renting out the other 2 rooms, and living in the third (owner occupied investment). Are there any disadvantages in the long run for this type of loan?

Currently I set up my spreadsheet and with me living in it we would be at about -$200 cash flow after all expenses. Would this be a better strategy (paying 0 down payment and costing me $2,400 over 1 year) versus getting a property that only has a conventional loan 3% down but cash flows positive $200-300? 

Yes, I am renting the other 3 rooms in a 4 bedroom house and living in one of the units myself.

 Yes, so far those will be the items on the list, wondering if anything else should be looked into. Property is 10 years old and most everything roof/water heater etc is original.

I recently had an offer accepted on a property I will be using as an owner occupied rental in North Carolina. During the due diligence process, what are some of the most important things I should do? I already read through the full property report showing age of HVAC, water tank, roof, etc. Want to make sure I don't miss anything that may be a problem later on when I officially close on the property.

Would there be any downside to finding something bigger and using an FHA loan (i.e. a 4plex)? This way he can split up the units as he wants, whether by unit or renting by room to maximize rents and can offer space to people close to his age especialy?

Did you compare a 30 year mortgage to a 15 year for your report? I am curious what the discrepancy here would be with the bottom line (your cash flow).