All Forum Posts by: Jabbar Adesada

Hey Mario! I recommend reading the House Hacking strategy by Craig Curelop. It will teach you a lot about the different types of house hacking you can do and some overall good knowledge on the process that comes with it. It goes over a variety of strategy and important things to know. You can check out his episode on the BP Real estate podcast  show 252.

@Dan M.

Thank you! I’m going to see if the contractor I plan to use will walk a home with me.

Hey everyone, I have been trying to do my deal analysis for distressed properties, but I have been having trouble estimating rehab cost. How can I do this more accurately? Does anyone have any tips on how I can get these numbers more accurate to mitigate risk. Thanks in advance!!

@Antony Charlier

Lastly to add onto what everyone else has said your debt to income ratio is important when trying to get approved for a loan

@Marcus Johnson

Hey Marcus, I am in a similar situation being 19, military with the capital to get started somewhere. Personally I am currently looking into house hacking. Now why would I house hack if I don’t have any living expenses and I can just put 20% on an investment property?

For one with the VA loan I have an unfair advantage. I can put very little of my own money down and control a multi hundred thousand dollar asset, that allows me after renting out the bedrooms to benefit from market appreciation, the tax savings of owning RE, the net worth build up I will benefit from, by my roommates/ tenants paying down my loan, and finally my favorite cash flow! In my market and I am very confident I will cash flow and get that passive income you are looking for and I am very confident you can do the same in Killeen, TX! Also because you are able to put such low money down your CoC return is likely to be much higher and the opportunity cost works in your favor because you don't get any of these benefits from living in the barracks! And finally because hopefully you were able to put such little money down you will have more capital left over to put into another deal.

Now obviously there are some risk to doing this if you buy wrong, can’t find the right tenants, higher turnovers, possibly more expenses, etc so really research and find out if house hacking will be right for you! And I would also urge exit strategies such as the property working out as a long term rental not just a house hack once you decide to move out.

@Danté Belmonte

Wow congrats on the infinite return and getting paid to own a cash flowing rental property. Great reward for your execution!

@Delicia M.

Thank you!

@Tyler Harvey

Rentometer is pretty good gauge rents. Also like others have mentioned looking at ads for rentals most similar to yours can help. To take it a step further try asking a local PM what they have rented similar properties in the neighborhood for and see how it matches up with what rentometer says

Hello BP family! I am looking at good markets to invest in for cash flow in South Carolina and wanted to know where other investors are finding deals that meet the 1% rule. I am looking at investing out of state, but I don’t want to ignore what’s in my own backyard. Thanks in advance everybody

@Sheldon Santos

It’s already been suggested, but I would definitely try and use the skill bridge program with an out of state or local real estate investor. It’s a great way to bring value to a successful real estate investor by providing free labor at the military’s expense while gaining knowledge and experience. I would network with a lot of people on here first and try and find somebody I can bring value to, be creative, and come to them with a solution to one of their problems. Things like free manual labor, bookkeeping, driving for dollars, anything to make it easier on the investor in exchange for mentorship can be worth millions