All Forum Posts by: Jason Mileshko

Hey guys, this is my first post. I've been completely obsessed with the idea of owning a multi-family and house hacking to get started. For the last 3 months I've done nothing but educate myself. For the last 2 months I've been looking hard at an area, considering every multi-family on the market. Unfortunately, the properties that made sense were scooped up before I even had a chance to look at them. Now what I want to do is really close in on an area, learn that market and try to get a list of all multi's and start contacting the owners.

Can anyone give me their experience in doing this type of home search? I would also appreciate so much if anyone has any tips or advice for me on ways I can maximize my chances of closing on something with this approach. 

Lastly, I'm moving into Sussex County NJ, if anyone is in the area I would love to network. I currently have a few businesses and do mountain ultras. I'm extremely driven and motivated and I know I would be an asset to anyone interested in networking with me. If you made it this far, thank you for reading!

Hey everyone! Do you have any advice on finding private money lenders? I'm in Utah and having trouble finding private money lenders that will lend especially on down payments for short-term rentals. Any advice on finding lenders?

Any investors flipping or buying properties in/around Charleston,SC? Just started focusing on this area and want to connect. 

Question? I'm looking to purchase a condo or sfh with using either a private lender or hard money. How soon can I refinance on the brrr method to pull the cash out? The property would be in Orlando, FL. I have someone I would be renting to starting I believe in June. Would it be possible to refinance in 3 months or so if I bought it and rehab it in a month? I was under the impression 6 months was the threshold in order to refinance. Btw, this would be my first deal. I'm not worried about cash flowing as long as I'm breaking even. But properties I've ran numbers on have me cash flowing at least $150-200. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $343,500
Cash invested: $36,000

First deal! Closed on my first duplex house hack in Windom, Minneapolis in January 2022! Seller covered closing costs. Was able to get into this duplex with awesome terms to help set me up well for the next one!

What made you interested in investing in this type of deal?

The financial freedom that comes with buy & hold investments. Very stable area in South Minneapolis, 2 beds 1 bath on each side.

How did you find this deal and how did you negotiate it?

Found this deal with my agent Matt Bartholomew when it was first listed on the MLS. Waited about 30 days until the seller dropped the price by $20k. Immediately submitted an offer which the seller accepted the same day.

How did you finance this deal?

10% down conventional financing. Was initially going to go FHA but 10% ended up being a much better solution for me. My lender Tim Swierczek was an absolute rockstar.

How did you add value to the deal?

Increasing rents substantially by rehabbing one of the sides. Unfinished basements are holding future value.

What was the outcome?

I will be living in & rehabbing one side and have already rented the gleaming side out to creditworthy great people for $1,550! After satisfying the loan requirements of owner-occupant and rehabbing I will be moving onto a 4-plex!

Lessons learned? Challenges?

Buying this property while living in CO was a challenge. The biggest lesson learned is to stick to your crystal clear criteria, don't rush it, and your chances of success are large!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

YES! Lender- Tim Swierczek. Agent- Matt Bartholomew. Both Rockstars.

Connect with me on Bigger Pockets!

My friend/ Realtor found a duplex out of state for 35K . he knows the atea , i dont . 
I would like to partner with him but he has no cash . 

please suggest a way for me to give him half the money over a yesr , 

at what interest rate ?

would I then collect the rents from both apartments ? 
and how does the rehab work , since it will need about 7000 k 

to be rent ready , 

thanks so much!!

Oklahoma has 2 spots on the list!! OKC coming in 5th and Tulsa took the top spot at #1! 

I’m a licensed realtor in Oklahoma, born and raised in the OKC area.. so, of course I’m a huge fan of my state! But it’s super cool seeing the outside recognition as well!  It’s been amazing watching the steady economic growth over the last decade and a half in OKC. And the energy in Tulsa over the last few years has done amazing things for the city! If you haven’t checked out investment opportunities in Oklahoma, you’re missing out! 🔥