All Forum Posts by: Luke Trovinger

Hey @Marsha Redding! All kinds of ways to find property :) if you're looking for on market check out these websites: Zillow, Redfin, Trulia, Realtor, or reach out to a Realtor. Off market could be door knocking, direct mail, driving for dollars, wholesalers, etc. Best of luck!

Hey @Brook Tekle! If you're looking at a specific home (or a small sample) you could try your local assessor's office to get the owner details to contact them. If you're trying to reach a large set of owners check out different skip tracing companies that will allow you to do so. Regarding your profit on a wholesale, it would typically be an assignment fee. So as long as the flipper has margin to flip and you have the property under contract for less, that middle margin is yours. Best of luck!

Hey @Dylan Page! House hacking is a great way to get started! I try to use the same materials/concepts in my reno's to keep it consistent and stay with current trends. Agreeable gray paint, sterling oak lifeproof flooring (LVP), standard white shaker cabinets from home depot. For countertops I've done a solid surface and also refinished a laminate countertop. Find something you like that doesn't break the bank and test it out!

I'm not familiar with holding/closing costs in your area, but it will depend on the purchase price of the home. Closing costs are likely ~2-3% of the purchase price as a rough estimate and your holding costs will include your PITI/utilities at the very least.

Best of luck!

Hey @JY Diei! House hacking is a great way to get started! Are you looking to do so via a multifamily property or a single family property?

Hey @William Russo! While I'm not in your area I'm absolutely happy to discuss any questions you may have if my experience is applicable to your interests and point you toward some resources if not. Are you looking to start flipping, househacking, etc.?

Congratulations on the deal @Daniel Nobile and awesome you were able to house hack with a STR! How was your experience with airbnb? Fairly smooth sailing in your area?

Congratulations on the deal @Joshua Hernandez what a great way to get your feet wet while you were in college! Are you still house hacking this one or have you moved on to another?

Hey @Chris Parsons thank you both for your service and congratulations on the deal! Will you be purchasing another single family in OH with your 1031 or putting it into something with additional units?

Hey @Kenya Williams! I'm not familiar with your market so don't have knowledge of the price points, but it sounds like a BRRRR may fit your situation well. If you're planning on hanging onto it but need to put some money into it to achieve higher rents, you could fix it up and then refinance at a higher ARV while hopefully still cashflowing with rent.

A couple great ways to get an idea of what the home is currently worth and what it could be worth would be reaching out to a local agent, or you could also just use Zillow and look at the homes around yours that have recently sold and that would give you an idea of the price point if your home is comparable. Best of luck!

Congratulations on the deal @Kelly Muscarella! Awesome margin especially being your own agent! How was your experience with hard money? Would you use again?