All Forum Posts by: Jaekwan Lee

I have a pretty much simliar situation like you in Austin. I am also a first-time investor and have similar saving but I have a small family with me. Unfortunately, there isn't any good fourplex in Austin as the number never cashflow even if I don't occupy one of the unit. So I expanded my search area these days to house hack.

Here are things I learned last a few weeks.
- Duplexes are generally in a better neighborhood to stay with family than fourplex.
- Fourplex usually has B to C neighborhood but should cashflow better.
- Austin has been bubbled and not a market for cashflow. It is possible that you need to look for appreciation over cashflow. But like I said, it is bubbled already. So appreciation discounts. 
- There are fourplexes with better number if you go out of Austin.

 It is neither audio nor ebook but a hard copy book, Real Estate by Number in my case.

 This is what I was guessing. I think the listing price isn't competitive enough to put the risk factor that might cost big or small. I guess I should pass this. Thanks!

Hi, I just got into a fourplex property and found living room has a sagging floor. I am not confident how much it would cost and wonder if it is wise to pass this property to fix if I am not familiar with this issue. What do you think?

 Thanks for the advice. I set my realtor who has only 4 years of experience but she does investing. it is hard for me to gauge how good the realtor is since I am also new/first time home buyer. 

 Thanks for reply. Have one more question. To estimate offer price after showing, do you know what are the things to pay attention to look? I am still struggling to come up with offer price. 

Hi folks,

I am new on buying a property and trying to househack on fourplex property that is 40 years old(1980's). The showing is scheduled and as long as no big concern arises, I am going to make an offer. So I have a few questions. 

- What are the things to look for while we are in showing the property other than kitchen & bath room update?
- What are the typical/favorite contingencies do you add for four-plex property?
- Any useful questions to buyer/seller agents?

Here are some details about the property.
Price: 480k
Age: 1986
Rent: 1100 ~ 1200/unit
CoC: 3%
CAP: 7%

I am a first time buyer and house hacker so any insight are appreciated.

FYI, I finally got my book ordered. I went through Customer Support to get promo code that makes it free.

I had to go through "Contact us" to get the promo code to discount the book. Even with the code, the book is not free unlike as it was mentioned in webinar. It makes me feel cheated. 

Hi Pro members,

I am a newbie in biggerpocketers and purchased the yearly subscription that includes a book. But I can't find a place to order the book anywhere in the website and don't see a way to connect a customer care. Does anyone know how to get the book?