All Forum Posts by: Kay S.

 Thank you ! super helpful!

I am a newbie so my goals in 2025 are to
buy house hack plus 

- at least one MTR property in my local market and/or one MTR/LTR in a more affordable market 

- lend private money on at least one short term deal

- 

Hi there - NEWBIE here.... I am in early discussions with sellers about a seller finance deal near Portland, OR.  As I am considering my offer, I am trying to understand how much to budget for attorney, title/closing costs etc?  Appreciate if anyone can provide a rundown of costs to expect with this type of transaction? TIA!

Hi Megan, congrats on starting your journey! While I have owned homes before, I have never house hacked so am looking into resources here on BP as well to learn more. I am hoping to find a single family home that I can "BRSTRHHRR" (buy, reno, Short term rent|House Hack, refinance, repeat) by creating a separate living space in a single family home that can be STRed (this is due to local restrictions in my town that prevent STR in multifamily properties). I am nearby in Lake Oswego and would love to connect, swap resources and be (as my kiddos would say) "an emotional support buddy"!

All this. As someone who made a very healthy 6 figure W2 income for years, I only really appreciated the leverage power it held when I lost it due to a company reorg. I didn’t realize it then but thanks to this community ( and more than a year of unemployment ) I have learned I should have taken advantage of the W2 lending benefits when I had the chance. Part of the “dream” of financial independence doesn’t have to be quitting your W2.it can just be the knowledge that you CAN quit should you decide to. I have a former colleague who always said if she won the lottery, she wouldn’t quit right away. She would stay around and tell people the truth about the work they were doing. Real estate gives you the same “N f-s to give “ attitude.which, weirdly might actually make you a more impactful employee … leading to more $$$ which you can leverage for more real estate 💕

Thanks for sharing and congrats on your success! I would love to see a couple of examples of how you structured some of your seller financed deals if you are open to sharing? Thank you!

 super helpful! I just listened to a podcast on this recently (Bigger Pockets Real Estate episode 1014 in case anyone is interested) and started to look at new construction a bit more closely. This might be a silly question but have you ever been successful in getting the developer to finance it for you versus a bank or other loan?

hi all - just to close the loop on this. I appreciate all the input. In the end, the weekend after the fed announced the first interest rate drop, we had an open house that had more traffic than our opening weekend 3 months earlier. we received a full-price offer for the house and closed in early November. obviously I have no way of knowing if the interest rate drop was a trigger, but nothing else changed in the market at that time. just wanted to share in case others are curious. appreciate all the thought partnership!

I wasn't able to make it to BPCon in Mexico, but don't want to wait another year to connect with you fabulous people. Share your next-best value-add REI cons upcoming in then next 6 months (please!). ------ GO!!!

thanks all.. appreciate the feedback