All Forum Posts by: Kyle Curtin

@Avery Heilbron

Thank you so much! I will definitely check it out, do you have any more information about it?

@Jonathan Bombaci

I understand, thank you so much! And I would love to go to that meetup!

@Damian Bialonczyk

Thank you so much! I will keep looking :)

Hi everyone!

I have a quick question about the first duplex property I intend to buy in a year or two to househack for my first step into real estate investing.

So the area I live in is relatively close to Boston, and mortgages are pretty high for the area. I have started doing the quick 50% rule of thumb formula (All Income x .5)- mortgage p&I and try to get a rough number to see if there is positive cash flow.

I plan on using an FHA 3.5% down loan, and I know that you must intend to live in one of the units for one year, so I run the numbers for the cashflow for after moving out of the 1 year of living in one of the two units.

However, I have not found a duplex that has had any positive cashflow after renting both units with the quick rule of thumb and was wondering if my best bet would be to buy something in in hopes of breaking even/ paying a little every month, but relying on the equity build, appreciation, and tax benefits.

I would love to then use that equity for a down payment for another duplex down the road ect.

Thank you!

@Nicholas M.

I will definitely have to check that one out, thank you so much for the advice!

Hi everyone! In the next couple years, the plan for my first property is going to be a duplex that I house hacking. If I am correct, but I know that there is an FHA loan for 3.5% down as long as you intend to live in the property for 1 year.

This is probably the avenue that I will be taking, but are there other forms of financing that anyone has done that will cashflow faster?

@Jacob Briggs

Hi Jacob!

The way that I chose my brokerage was by what they offered for training with how much your fees/ dues were.

Generally speaking, many brokerages are very similar, but at the start of the game I was very heavy on training. Do not worry about the commission cut or anything quite yet because it will take a little while before you make your first sale (most of the time).

Also take into account how close your brokerage is to your house, because if there are trainings during the day and you have time, that is more information in your pocket.

I personally am having a great time with Berkshire Hathaway HomeServices Commonwealth and the amount of training and services you get for what you pay for is incredible.

I work a full time job and cannot make 99% of the trainings, but they host trainings almost every single day as well as on Saturdays and sometimes on Sunday there are tours with training coaches to see the inventory.

Please send me a message if you would like some more detail, but at the same time it is all about what fits your situation the best.

@Bradlee Vaoifi

This is pretty dumb, but the part that I least like about the industry is phone calls 😂 I am more introverted, so I am awful at talking to people on the phone and am trying to go very heavy with social media instead 😂

@Daniel Haberkost

Thank you so much Daniel!

@Matthew Shaw

Thank you so much Matthew it really means a lot! :)