All Forum Posts by: Justin Bautista

Hey everyone. I've been house hacking for a year now and not only until recently, I decided to learn everything about real estate investing for a year before I make any moves. However, I found what I think is a good deal - a duplex that can cash flow about $600/month. I can get a VA loan for it, but it does need some rehabbing.

I’m just second guessing if I’m ready for it. It’s an hour away from me so it’s not too far but I do not have any experience rehabbing plus I’ll have to get some sort of financing for the rehab - which I’m not sure where to start. I have 10K saved up but it might not be enough.

I’m torn because I’m feeling warm and fuzzy about this duplex, but at the same time I might need more time to learn the ropes. It is the holidays though so some other investors would probably not be looking right now. Any advice? Should I pass on this so I can be more prepared or should I take the risk now and learn along the way? What would you do? I appreciate your help!

Hi there. I'm still learning everything about real estate before I dive in. I'm looking at my local market (Seattle), there's dozens upon dozens of rentals available - and they're right next to each other. Does this concern you? I'm thinking if there's this much landlords competing to get a tenant, it might not be a good idea to do BRRRR in this narket. However I know a lot of people rent in Seatte since it's too expensive to buy, so it just doesn't make sense to me. Any thoughts?

@Erik Baumer I’m living in the house for another year before I relocate. If I keep the house and rent it out, it’ll be at a loss that’s why I’m planning on selling it by that time.

I’d really appreciate your thoughts here.

I have a house that has $275K in loan. Market value is $300K. I plan to sell and relocate in a year because with the average rent in my area, I’d be renting this at a loss.

I'm getting offers of 2.875% APR, and my current APR is 3.875. I'll be saving about $200 a month if I refinance, but my loan will jump up to 280K and I'm afraid of selling at a loss.

What do you think? Should I refinance or keep the same APR?

A year ago from today, I bought my first house. It’s in a great neighborhood, upscale with golf courses. However it’s too expensive. If I were to rent it out to its market value, I would lose money every month from all the expenses. Plus, everything is breaking down. I just repaired the furnace, but it will need to be replaced in a few years. The roof will be due in a few years. The water heater is about done, and so are the washer, dryer, and kitchen appliances.

I fee like I’ve messed up and didn’t do proper research before I bought the house. What do you think I should do? I’m leaning towards selling it, save up again, and trying again with another property.