All Forum Posts by: Jacob Malakoff

Depending on your goals I think partnering and/or doing some private lending is a good way to go. That way you can put your money to work and learn at the same time 

It's more of a mindset boook but The Compound Effect by Darren Hardy is great!

@Allan Smith great stuff. Having adequate reserves makes sense to protect yourself against a correction. Is there a min cash flow or ROI that would better protect you against a downturn?

@Alexis York remember you’re living in the house as well so I’d recommend doing something you feel comfortable and happy living in. Single family seems like it may be better for that

Ally and capital one are both great and I have both. Capital one was great when I graduated college cause they don’t nickel and dime you with account minimums

@Briana Gilbert yeah I’m about 3-5 min walk to the train. I was working in the city  before corona hit so that was essential for me plus I think there are a number of other benefits being within reasonable walking distance to the train

Raising your rates make sense to me! When I book a vacation home reviews is probably my my most important factor. I'm new here but I do have a question - when you say "people are flooding the market like never before!". Are you referring to new investors or renters? Also, if so I'm wondering if anything has changed since corona with buyer demand? I'm looking at buying an STR in the fall once I get settled into my house hack and I did notice prices have gone up a lot in your area in the last few years so I was hoping there may be a softening in the market

All really interesting stuff. Thanks y'all!

What Nate said. You're paying around asking which seems fine to me so as long as the numbers makes sense.

Depending on the situation I’d still look to house hack. If your monthly payment is $1000 after collecting rent from the other unit and it cash flows if you were to move out you may have a good deal. It’d be better than renting for 2000 a month for instance. This wouldn’t meet your goal of living for free but it could something to consider