All Forum Posts by: Katie Han

@Jennifer Beeston @Christopher Gathe @Brandon Myking @Sarah Blesse

I ventured into this forum late one night after feeling overwhelmed by which route I should take or if I should just not purchase at all -
Wow, thank you everyone for your thoughtful feedback/responses!

It sounds like overall sentiment is to house hack with either a condo/townhouse/SFH (duplexes are unfortunately hard to find), so long as overall property generates healthy cash flow after I leave -
Will keep searching for one that's a good fit for me and the numbers. 

Again, really really appreciate everyone's responses and support -
Thank you for your help!!

@Christopher Gathe

Helpful to hear about the less-than-ideal cash flow while also occupying the residence -
That being said, would you be open to sharing how you've gauged whether a property is a good fit for you if your CoC ROI is low your first year, but will return healthy positive cash flow once you move out?

So far people have told me that even if my goal is to use as rental, I should focus on whether I like the property/if I can see myself living there so was curious how you navigated -
Thank you for your feedback!

@Joey Critch @Allen McGlashing @Blake Dennis

Thank you guys for getting back to me! 
The goal is to house hack, but I don't have $10K+ in cash immediately available to purchase the house and also buy furniture/set up the rental rooms -
So, my current plan is to move in first, get settled, and then once cash flow increases a bit, buy furniture for the rooms.

I've read that one should aim to have between 10%-20% in cash after purchasing in case of emergencies so I've been getting cold feet, but at this time think that the path ahead is still the way to go.

Good luck to you on your endeavors - keep us posted!

Hey community,

As the title states, I am a first-time home buyer in Atlanta. My goal is to generate another revenue stream aside from my full-time job, so in the future I'd rent out the property instead of living there myself.
My question is this: since my apartment lease ends on November 30th so I will also need a place to stay, which of the following options would be the best first move in order to generate income/build wealth?
I've been pre-approved for a $300K loan and am seeing that few properties generate incremental cash flow if I also live there during the first year:

- Purchase 2+ BR home and rent out while I also live on-property; move out after a year
- Purchase a home for myself (i.e. a condo - I know I know, condos have terrible ROI but I personally like the look/feel)
- Keep renting / delay home purchase

As this is Week 2 of my real estate venture, any feedback/insight would be incredibly appreciated -
I feel like I'm also getting cold feet because while I have funds for down payment, I don't have 10% of the home price immediately saved in cash. 
Thank you for reading!

Hey community,

As the title states, I am a first-time home buyer in Atlanta. My goal is to generate another revenue stream aside from my full-time job, so in the future I'd rent out the property instead of living there myself.
My question is this: since my apartment lease ends on November 30th so I will also need a place to stay, which of the following options would be the best first move in order to generate income/build wealth?
I've been pre-approved for a $300K loan and am seeing that few properties generate incremental cash flow if I also live there during the first year:

- Purchase 2+ BR home and rent out while I also live on-property; move out after a year
- Purchase a home for myself (i.e. a condo - I know I know, condos have terrible ROI but I personally like the look/feel)
- Keep renting 

As this is Week 2 of my real estate venture, any feedback/insight would be incredibly appreciated.
Thank you for reading!