All Forum Posts by: Kyle Spearin

@Gio Franco, have you read the BP book on house hacking? I HIGHLY recommend checking it out as it outlines exactly what to do.

Welcome to the community!

Welcome to BP! Are you going to invest in the Bay Area?

@Jason Pender bootcamps on BP are great to get started, but you'll still need to do a bunch of the work on your own. Have you spoken to other investors doing this? I'd recommend building up a base of knowledge, then using the bootcamp to take actionable steps. good luck!

@Cole Dockter the way that this reads, you're building it from the ground up. Are you planning on doing new construction or renovating an existing duplex?

I'd recommend the latter for someone starting out-- you could use a 203k loan which helps you finance rehab costs into your loan. Another option is to have cash saved for the rehab-- it really depends on your situation and the extent of a renovation.

Start hitting up lenders in your area and see what they can share-- each bank might be slightly different. Don't stop asking until you find the right person for your situation.

@Johnny McKeon doing a live in flip!

@Mindy Jensen for visibility-- do you know who could help Kenneth?

@Johnny McKeon keep it up!

@JonPaul Kessingercommenting to follow this thread!

@Colby Boone it sounds like you've put a lot of research into this!

Would you ever consider doing a house hack? It's the best way to test what you like and don't like in a low risk environment.

Once you've done this, you'll probably have even more saved up and experience to make you more confident in choosing a direction.

If you decide to just dive into one of these markets and strategies, I'd recommend focusing on your personality, goals (cash flow first or something else) and how much time you have.