All Forum Posts by: Joshua Norwood

Our school district is riddled with multi family. We have 3 kids so we would need a bigger property. But there are plenty of them. She's just having a hard time with the idea of leaving our current house.. 

I was wondering if anyone had any insight on helping my wife see the benefits of house hacking. We currently own a house and I'm trying to convince her to buy a multi with me to help save money for more investment properties. Any help at all is appreciated.

I'm curious to see if anyone has any feedback for me. Is it appropriate to place the same 50% rule on a property that you purchased for 100k that rents for $1000 vs a property that you purchase for 200k that might rent for $1500? Won't the maintenance and capex and all overhead expenses be relatively similar? Is it necessary to put aside the same 50%?

Im very curious to know if anyone has any insight on this. Would you use the same 50% rule on a house that you buy for 100k that rents for $1000 vs a house that you buy for 200k that rents for $1500? Wouldn't the expenses be relatively similar? Would you really need to save the same amount for all the expenses you have?

@Brandon Michielli I will definitely do that. I'll send you a message at some point. Thank you

@Brandon Michielli it's very motivating to hear of deals like this in my backyard. So your total investment is gonna be around 45k? And you cash flow a few hundred a month. Very nice. This is exactly what I'm looking for. Congratulations

@Brandon Michielli and how much is your mortgage?

@Brandon Michielli that's awesome! That's exactly what I'll be looking for when I make my first move. If you don't mind me asking what are they renting for?

@David Clinton III I am also in Spokane and was planning on taking the real estate leap of faith in the next coming year. Would love to pick your brain at some point!

@Greg Dickerson thank you for your input. I haven't looked into any of the requirements so that helps a lot. Just kind of in the brainstorming phase.