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All Forum Posts by: Joseph Mulero

Joseph Mulero has started 2 posts and replied 10 times.

Quote from @Samuel Flores:

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $220,000
Cash invested: $5,988


 How's the market for you there?

Quote from @Account Closed:

That’s awesome I’m a lineman in Chicago , good luck on you’re journey 

Thank you sir , stay safe out there brother 

Hello all,

I am currently house hacking a 4 plex and have been attracted to the medium term rental model. I am a blue collar worker and Dad of 1.  I am saving about 3k a month and will have 45k by end of year.  Slow paced but I'm trying.    I have a 6 month lease and would like to take the jump and test the waters with the medium term rental.  what I was thinking I can do is move my family into the empty unit after the lease is up and attempt to furnish the unit I live in currently ... Rather than spending all the money to furnish the unit for it not to be successful... and have to sell or put all the furniture in storage and create another expense. 

I am very very new to all of this and am seeking advice on what you all would do.  Would you stay in current unit get a credit card and furnish the other unit?  any how, thank you all in advanced for your advise.  

Quote from @Scott Trench:

@Joseph Mulero congratulations on your first house-hack, and the excellent accumulation rate! 

A couple of options for you to consider: 

1) Just let this first house-hack ride, and stack cash. Put it into stock investments, and know that you are on track to be a millionaire several times over if you can sustain this kind of accumulation. 

2) Serial house-hack. If you move out, you probably have a cash flowing rental. You can just house-hack again at the end of this year, or maybe mix it up and do a live-in-flip. This is essentially a much lower-risk BRRRR, since you will be living in the property and using owner-occupant financing, and also able to do much of the work in your spare time (if you have any) on nights and weekends. Your family may also benefit from helping and learning tricks of the trade. Perhaps a very good example, in the right circumstances, for your kids!

3) If you are set on the BRRRR method, you can consider working with a partner. Contrary to popular belief, partnerships are not ideal structures for people with NO money. They are much better for people like yourself, who prove that they can keep their expenses low, and accumulate cash. You putting in $30K-$45K at year's end on a deal, with cash that you have accumulated with sacrifice, sweat, and discipline, is a huge vote of confidence to many prospective partners, and will make you very attractive.

Great advice Scott, thank you brotha. There's options and that's what's good! The live in BRRR would be ideal! I bet a huge learning curb as well. Thank you for the reply!

Quote from @Ko Kashiwagi:

Hi Joseph,

Congrats on your first house hack! BRRRR is a great way to scale your portfolio. It is more difficult to execute in this market, but it's doable. Does your current house need any repairs or have room for growth? If so, it would be a great idea to do a house-hack BRRRR so you can gain hands on experience before you take more risks.


 Hey brother! Thanks for the reply.  The 4 plex I purchased is brand new.  No repairs or upgrades needed.  What I was thinking to increase cash flow would be to mid term one - two unites.  Save more capital and then begin to brrrrr through my own wholesale marketing . 

Quote from @Account Closed:

Just wanna say congrats ! I’m in the same boat working blue collar trying to get my first house hack within the next couple months, can I ask what market you’re in and also what do you do for work? Thanks! 

Hey brother, I am in the wind industry as a turbine technician in the RGV , south Texas.  My market is mission Texas.  

Hello All!

I am new to the real estate game.  I have been tapped into bigger pockets for three years prior to my 4 plex purchase.  I am house hacking paying about 500 to cover mortgage.  I do work a full time Job in blue collar and save 3k a month.  By end of year I am estimated to have saved 45K.

I am looking for alternatives to purchase more doors specifically the BRRRR method. Some back story, I used to wholesale real estate and made a few deals. My plan is to D4D or pull list from county and begin marketing on a small scale but with a buyers mindset (whatever doesn't meet my criteria, ill whole sale)

I am a little lost or should I say would like to get investor opinions on my plan and gain some insights from you all.

I don't know much about financing or rehab I have never done it and it feels intimidating while supporting a family.  

(4 plex $497K FHA, 30 YRS 6.2%)

Thank you all in advanced!

Post: House hacking math doesn't add up

Joseph MuleroPosted
  • Posts 10
  • Votes 6
Quote from @Jonathan Taylor:

@Roy Gottesdiener Read @Rick Albert 's post, the benefit is in the details. I don't know the specifics of where the line in the sand is for you regarding the benefit but I live in a high cost of living area. House hacking has allowed me to have a mortgage subsidy (units paid most of my mortgage) at the start and over time, are now covering all of it. 


 Did the mortgage begin getting covered when you moved out of the property and fully rented it out?

Quote from @Joseph Hammel:

I agree with @Kyle Baron on Zillow. Note. Start with Zillow and it automatically goes on Trulia and hot pads. (Zillow owns them) CL gets me leads as well. I do have one property that I went to FB on as well but you get a lot of ppl that aren't very serious on there. As far as calling it a duplex or apartment just explain in the body of the ad. Regarding the screening I've been using buidium but it's a little spendy for just that. You can use the services by themselves. Google TransUnion smart move. I think it's 30 per person. Personally all I charge is whatever the BG check costs. Attracting better tenants is a formula. Nice place = nice tenant. If you want to pm me I can send you an app that I've used. 

@Joseph Hammel Hey brother can you send me that App?  I am about to close on my first 4 flex house hack brand new build

Post: House hacking with new construction 4 plex?

Joseph MuleroPosted
  • Posts 10
  • Votes 6
Quote from @Hiram Orozco Lopez:

Hello everyone,


I have been doing research about starting house hacking this year, I have been looking at properties to start with at FHA loan in the TX RGV area, starting with a fourplex.

My BIG question here is, would you think it is riskier to start with a brand new fourplex having a bigger monthly pay at the end of the month but; on the other side thinking on not having to get as many repairs as an older building ex. 5 years older. The difference of a new building ranges:

New fourplex building: around 450k-500k

Older fourplex buildings: 375k 

Any thoughts or tips?, The reason I am inclining to start the house hacking with a brand new fourplex is that of course feels more convenient but I am not sure if it is most profitable. 

Any info is appreciate it, thanks in advance.


 Hey brother , I am in your market.  I am buying new in a developing area in mission right next to highway.  Let’s connect and chat over the phone.