All Forum Posts by: Josh Bowser

@Andres Munoz I'm house hacking in a Kennesaw Town Home governed by an HOA. At one point we had four of us all unrelated and nothing notable came out of it - a few comments from neighbors here and there but nothing actionable. Honestly, we didn't know at the time it was against kennesaw / hoa rules but you live and learn!! We are down to three now which is within HOA guidelines as well as local ordinances.

I would talk with a professional to come up with a lease that has a rock solid 'house rules' section of your lease. Outlining things such as parking and guest policy is important to keeping a low profile especially in an HOA.

This may be kind of long winded but here is my two cents:

I do not believe the overseas conflict between the Ukraine and Russia will negatively impact US Real Estate, as long as it doesn't escalate into more of a global matter. In these situations, folks typically allocate their liquid portfolios to 'safer' assets (bonds, gold). Despite the Fed planning on raising rates on the short end of the curve, it's unlikely that the long end (more correlated to mortgage rates) will move higher due to the conflict. Thus, it is unlikely that mortgage rates will move significantly high enough to impact the Real Estate market, residential specifically. 

I could see it, potentially, impacting the more commercial markets where the institutions play as they are more affected by the 5-10 yr bonds if the fed continues on its rate hate campaign - but I believe that is independent of the conflict.

Hi BP Gang,

I recently launched a Cold Email campaign targeting a specific area within a 10 mile radius. I am pulling property and ownership info and skip tracing it all through Propstream.

This is supposed to be a more personal lead gen strategy and is supplementing a cold calling campaign led by a virtual assistant. 

Does anyone have any experience with cold email? Trying to set my expectations here for budgeting purposes.

Thanks,

Josh 

@Terrell Garren hahaha I love that! I hope you are well my friend.

Lead with LOVE my friends! Truth be told, you NEED to understand what makes your partner tick. Generally speaking, most people's dream of an exceptional life can be categorized in providing two things (in my young, naïve opinion). Either its getting more time back to do the things you love (me), or having luxury items/experiences (my girlfriend). Once you are able to tailor your pitch to what makes your partner tick, y'all will be able to imagine a life together where you both get to do what you want!!

I got my lady on board and she started house hacking before I did, cutting her living expense to a fraction of what they were so she is able to do more of what she wants and having more money in the bank at the end of the day to buy.... more real estate!!

Get on the same page by leading with love my friends!

@Ethan Atkinson thank you for the insight my friend - I just shot you a DM! To answer your question, those leads were already listed. Strategizing on off market lead gen in the next few months in that area and would love to get your insight on that as well!

What is up BP Fam!

Situation: I am starting a job in a new location on Jan 10th, 2022. I'm tired of renting and finally have enough money saved for an FHA loan and am gonna use this opportunity to find a property. I'm moving to the North Atlanta suburbs from Central Kentucky and essentially have a month to close. This is going to be a challenge but were gonna give it the old college try.

Goal & Property Type: Rents in this area range from $800-1200 per bedroom per month and I am looking to have my out of pocket housing expenses to be less than $600 / mo in the best area that I can find with as little down as possible. This property NEEDS to be able to pay for itself when I move out and its fully rented. I am looking for properties that have equal full bathrooms per equal full bedroom. I.e 2/2+s, 3/3+s and so on. Town homes in this area are popping up everywhere in great locations as there are a ton of young professionals and college students around (most likely the #1 target). Small Multifamily are hard to come by because of the investor population, but I am absolutely looking at those as well. However, the 2-4 units in this neck of the woods are extremely hard to come by in good locations (from my experience).

Sourcing the Deal: I am looking on FB marketplace/Craigslist inquiring to investors, investor agents, and wholesalers being open and honest about my situation and precisely what I am looking for. I have already gotten 3 positive responses on properties in 45 minutes of beginning this quest!

Financing: I will use an FHA if necessary. I am primarily looking for properties that can be obtained via creative financing.

Join me on this journey as I snag my first deal - it will be fun!

#Househack #Househacking #CreativeFinance #Atlanta

My name is Josh Bowser and I am from Slippery Rock, PA but currently living/working in Central KY!

I work as an engineer in the Bourbon Industry (I love everything about it), and am extremely passionate about real-estate/investing and have been following bigger pockets religiously for 18 months now.

I am a fun-loving, light-hearted, and hard-working individual. I can't wait to meet some of you!