All Forum Posts by: Kai Kopsch

Hey there! It's great to hear about your successful house hack experience with your STR duplex in Charlotte, NC. I have personally been involved in house hacking and furnished rentals for over five years, and it's been fascinating to see the quality of mid-term tenants we've had over the years.
However, it's worth noting that in our area, the demand for short-term rentals on platforms like Airbnb and VRBO has declined in the past 24 months. This is something to keep in mind as you continue to expand your rental strategy and explore different platforms.

Duplex units are very rare in the Charlotte MSA only 19 units sold past 60 days. 

Hi Adam, and welcome to BiggerPockets! Charlotte is a fantastic place for real estate investing. no need to pay off your first property use the equity. Keep up the great work!

Hello and welcome to BiggerPockets! CLT is an awsome place for REI

I calculate 3% on my deals based on Charlotte's region rental report in March 2024 ; the average monthly lease price is up by +4.8%

Well done on your first Real Estate BRRRR deal! With the knowledge and experience gained from this transaction, the next house will surely be a smoother journey. Keep up the great work!

@Anthony Swain thanks for sharing! nice 1st house hack

I understand your frustration with the limited tax write-offs available for W-2 employees. While you don't need to become a licensed real estate agent to explore other avenues for tax savings, engaging in a self-employed side job can indeed offer more opportunities for deductions.
To maximize your tax savings, it's advisable to seek the expertise of a CPA specialized in real estate. They can provide personalized advice and guidance tailored to your specific situation. Simply relying on an average CPA or general advice from forums may not be as effective in helping you identify and take advantage of all the potential tax benefits available to you. 

The goal of flipping a house is to maximize profit while minimizing the time and effort spent on the property. Assess the potential benefits and risks associated with each decision. 

If the lender says that the buyer needs $8k to close, that's a huge red flag; if the budget is this tied, the deal can fall through, with other small things coming up in the future in this transaction.

Oh, you're looking for some curb appeal ideas?

1. -Paint the Front Door a Bold Color: A fresh coat of paint on your front door can make a striking first impression. Choose a bold color that complements your home's exterior and adds a pop of personality.
2. -Add Outdoor Lighting: Illuminate your home's best features with strategically placed outdoor lighting. This not only enhances your home's appearance but also improves safety and security.
3. Install Window Boxes: Adding window boxes with colorful flowers or greenery can instantly boost your home's charm factor. Choose plants that are easy to maintain and complement your home's style.
4. -Update Your House Numbers: Make a statement with stylish, modern house numbers that are easy to read from the street. This small detail can make a big impact on your home's curb appeal.
5. -Maintain Your Lawn and Landscaping: A well-maintained lawn and garden can significantly enhance your home's curb appeal. Regularly mow the lawn, trim hedges, and plant colorful flowers to create an inviting outdoor space.
6. Add Outdoor Seating: A cozy seating area on your porch or in your yard can make your home feel more welcoming and livable. Choose weather-resistant furniture and add some colorful cushions for extra comfort.
7. -Install a New Mailbox: Replace your old, worn-out mailbox with a new, stylish one that matches your home's aesthetic. This small upgrade can make a big difference in your home's overall appearance.
8. -Power Wash Your Home's Exterior: A thorough power washing can remove dirt, grime, and mildew from your home's siding, making it look fresh and clean. Don't forget to clean your driveway, sidewalks, and any other hardscapes while you're at it!
9. -Add Decorative Elements: Small touches like a charming birdhouse, a unique garden sculpture, or a stylish outdoor rug can add personality and charm to your home's exterior.
10. -Keep Your Front Walkway Clear and Inviting: Make sure your front walkway is free of clutter and debris, and consider adding some potted plants or solar-powered lights along the path to create a warm, welcoming entrance.