All Forum Posts by: Mack Bailey

@Roger Steciak Great information thanks a lot

@Roger Steciak Thank you for the response. What would be considered small that would be paid out of pocket? Do you have any numbers that you could run by me?

I started my real estate learning about 2 months ago and though I'm about a year from buying my first deal at this point I have talked to mentors, read numerous forum posts, and books and have made a more concrete plan. I plan on getting enough money for a 10% down payment on a 3/4-plex between 150-200k using an FHA loan, House hacking and potentially having a roommate(s) to save even further. I will utilize the 2 in 5 rule to avoid taxes on capital gains and I will keep my part time jobs for cost of living and reinvestment. What do you think?

Here's my hypothetical future situation: I work part time for 15 an hour sometimes 40 hours a week sometimes much less. Since I'm not full time my concern is I wont be able to get affordable healthcare. I plan on eventually having no W-2 at all. Is there some sort of program for self employed people to help pay for this? What do some of you investors have for healthcare plans?

@Carlos Velasquez thanks for the response. Sounds like a good deal you have. I noticed your closing costs were expensive is that normal for such a deal?

I would like to have some examples of the numbers in deals you have done so I can practice analysis. Preferably buy and hold deals but anything else could be good practice. Thanks in advance

@Curtis Rouse of the sites you mentioned which would you recommend?

@Curtis Rouse That follow the money thinking is something I hadn't considered. That's a good idea

@Theodore Arzt good thinking. Thanks

@Edward Schenkel yes. Like a basement apartment etc.