All Forum Posts by: Luke Trovinger

Hey @Connor Huebsch! Definitely agree with James' comments above. If $300k is your price point, single families will be tough but condos/townhomes could be an option to house hack as well. You likely won't offset your living expenses completely, and there will be HOAs to deal with, but they're also an option to at least decrease your living expenses. Happy to discuss in further detail if you have any interest. Best of luck!

Hey @Sami Stevens! Something to keep in mind if you are looking in the Denver metro area and going the Airbnb route, the majority of surrounding cities (including Denver) will only allow STR if you it is your primary residence. Arvada and Littleton are going to be your outliers that allow STRs, Arvada passing regulation allowing it and Littleton doesn't currently have specifics saying "no" which could change in the future.

Sounds like you will be renting the place out long term, so be sure to lease for a minimum of 30 days out this way if not in the above markets! Best of luck!

Hey @Brodrick Glessner! A great way to start networking would also be local meetups in your area. If you check the Network dropdown, there'll be an events dropdown. Also check out Meetup.com, there are often several in person and online events through there if you can't find any on the BP site. Bound to be a few in KC! Best of luck!

Hey @Jocelyn Guillaume! If you check the Network dropdown, there'll be an events dropdown. Also check out Meetup.com, there are often several in person and online events through there if you can't find any on the BP site. Bound to be a few in Richmond! Best of luck!

Hey @Colin Williams! If the prior owners refuse to leave, you would be looking at an eviction process. I've heard people have had luck with "cash for keys", where the new owner pays the prior owner/tenants to move out which can be cheaper than a full blown eviction. Right now is an interesting time due to the eviction moratorium, so is definitely trickier, and the buyer could end up not being able to evict yet, increasing holding costs. Sounds like it might be a good deal though depending on the work needed and how high it bids up!

Awesome @Mike Berube congrats! 10% CoC return is definitely solid amongst principal paydown and any appreciation you might see, especially when seen as a low risk investment. Best of luck!

Hey @Monica Johnson! Roofstock has been a long time advertisement on BP, haven't personally used but they have a great user friendly website to easily browse inventory. Best of luck!

@Anthony Flores gotcha, good deal. So you'll be typically looking at 20-25% down, and they'll be looking at your DTI ratio. By renting out the other half of your duplex, some lenders may allow a portion of that rental income to offset immediately while others will be looking for a minimum amount of time. It'll depend on the lender, so be sure to talk to a few to see if you can find something that works best for your situation.

Congratulations @Jaideep Balekar! And thank you for the detailed post, super inspiring to see how others pull off such feats! Good luck moving forward!

Congratulations @Dentric Vance! That's awesome, BP is such a great place to network!