All Forum Posts by: Hud Malik

My goal is to live my life on my own terms, $5,000/mo in passive income with no debt. By that time my properties will be paying for my expenses. When I reach $8,000/mo in passive income I will be able to quit my job and live my best life with my wife and kids.

@Wyatt Franta I appreciate it. Thank you for the advice. 

@Wyatt Franta Thank you for your advice. What if the property is old, but it was fully renovated down to the plumbing and electrical. Do you still take in to account the age of the property and reserve 12% capex and 6% R&M ?

@Jonathan Greene The faster you handle the repairs, the less costly it will be, and Avoid ignoring the issues because that could lead to higher expenses. 

@James G. Thank you!! I appreciate your advice. 

Just a question out of curiosity. I’m a novice investor trying to get good at the analysis report. My question is, Is it normal for expenses to go up when your house hacking ?  Aren’t Expenses meant to decrease?

@Joe Cassandra Absolutely! Thank you for the feedback.

View report

*This link comes directly from our calculators, based on information input by the member who posted

Used the BRRRR method on this property. Any advice would be helpful if anyone sees any mistakes that need to be fixed. Thank you!

@Tony Robinson Thank you, I read it. That's motivation for me as well because I am trying to purchase my first property using the BRRRR method. Much success to you!!

Congratulations on your success! @Tony Robinson That was a great deal you capitalized on. Much success to you in the future! How did you go about finding the bank to lend you 100% of the purchase price and rehab?