All Forum Posts by: Jackson Fairbanks

I'm 19 and have recently been enlightened by the opportunity of investing in property. I found equity in my current address in norcal. I am looking to reinvest this money by house hacking a home near campus as I will be living there for 3 more years. Due to my lack of experience in real estate, as well as in that area I have many questions regarding my plan and would appreciate any input.

Is it in my best interest to pay a premium through an agent? Or would there be realistic opportunity cold calling hence current market conditions?

This property will be my first and I have a lot of time, so how worried should I be regarding cash flow on the property? I am pretty confident that the value of the house will steadily increase, but would it be efficient to lose cash flow at the cost of a good location near the campus? or is SD gonna be constant tenants and constant increase in value without much matter on location?

Thanks again, I highly value anyone's input.

Currently in a primary residence that costed my family around 350k over the 19 years, I've lived here it is now worth over 700k. Can anyone put me in the right direction of tapping into this equity to reinvest it in a rental property for me and my siblings to house hack in Sandiego, my whole family understands the immense benefits and is on board, I just want to see if it will be efficient or if using the equity of the house will come back to bite me. I appreciate any input thank you!