All Forum Posts by: Joshua Janus

If you aren't comfortable with CA's high prices, learn more about out of state investing. If you go that route you can choose the best market in the US and capitalize there. Don't limit yourself and use that 220k in the most efficient way you can!

I would either find a resourceful realtor and use them, or do research on how to offer on the land yourself. Hiring a real estate attorney will probably be necessary for items such as the purchase contract. If you do that, you'll have the leverage of the seller not paying the buyer's agents commission which might help you get the lower price. 

Make sure that you properly prepare yourself for owning a home. Have the proper funds, stable job etc.

I'm a junior in college and am going to be house hacking here in the next few months. Definitely study the requirements for an FHA Loan like a book and make sure to set yourself up for success. Examples would be building up your credit, getting the most recent tax returns for the last 2 years in the same field, building up capital for the down payment, closing costs and 6 months in reserves so you can use as much of the rental income from the other units as your own income when you getting qualified. These are some barriers I had to make sure to be able to climb over as balancing college and a full time job can be difficult but will be worth it! Let me know what questions you have. This isn't legal or lending advice, and you should seek professional assistance.

I would say contact multiple agents initially and see which one is the best in terms of knowledge and experience on the investment side and go all in on that agent. 

Here is what I'm doing. Get a new house hack every year to build a rental portfolio and do BRRRR's and flips in between to fund them.

I would advise finding an investor friendly realtor. You really want someone that invests in their market themselves and understands the numbers. They should be able to determine the COC, annualized return, estimated ARV of a BRRRR, accurate rent comps and more. The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route. If they just represent first time single family home buyers and aren't constantly finding off market properties and reviewing deals, you'll find a better investment through someone else.

I would advise finding an investor friendly realtor. You really want someone that invests in their market themselves and understands the numbers. They should be able to determine the COC, annualized return, estimated ARV of a BRRRR, accurate rent comps and more. The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route. If they just represent first time single family home buyers and aren't constantly finding off market properties and reviewing deals, you'll find a better investment through someone else.

I am in the Ohio market and don't know anything about Philadelphia, but there are definitely investor friendly agents on here. 

Would you airbnb/short term or long term rent the other rooms? I see the advantages to both but having a constant stream of new people in your unit must be annoying. 

I would advise finding an investor friendly realtor. You really want someone that invests in their market themselves and understands the numbers. They should be able to determine the COC, annualized return, estimated ARV of a BRRRR, accurate rent comps and more. The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route. If they just represent first time single family home buyers and aren't constantly finding off market properties and reviewing deals, you'll find a better investment through someone else.

18 units for $400,000? Where is this located?