Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Mario Bolivar

Mario Bolivar has started 1 posts and replied 4 times.

Originally posted by @Harrison Sharp:

@Mario Bolivar Mario, I’m an agent and CPA in Plano and help a lot of first time investors get into their first property. Send me a direct message if you wanna hop on a call and chat i can talk to you about the tax implications as well on a house hack. You’re getting started early so congrats on that!!

Hi, Harrison! Thank you so much for reaching out. I would love to get together with you and will DM you later today. I really appreciate your help!

Originally posted by @Jabbar Adesada:

Hey Mario! I recommend reading the House Hacking strategy by Craig Curelop. It will teach you a lot about the different types of house hacking you can do and some overall good knowledge on the process that comes with it. It goes over a variety of strategy and important things to know. You can check out his episode on the BP Real estate podcast  show 252.

Hey Jabbar! Thank you so much for the recommendations. I ordered the book by Curelop last night, to be delivered Wednesday; very excited to read and disect it!! I'll listen to #252 in the gym and while cooking dinner later this evening. Thank you again for the recommendations. All the best! 

Originally posted by @Richard Helppie-Schmieder:

Hi Mario!

Looks like you are taking some good steps. For some encouragement, I bought my first home (10 years ago) with 11k, second for 9k and third for 7k. I was able to do this by doing 5% conventional loans while rolling in all the closing costs to the sales price with the seller. 

Also, I am looking to sell one of our properties in Richardson this coming year. 211 Wake Drive. It's 3 bed, 2 bath but has a converted garage. Take a look, maybe we can work something out!

Hi, Richard! I love the decreasing upfront capital over time in your investments! Rolling up the closing costs in the sales price is so smart, is that a common strategy you like to use? In your experience how willing are sellers to agree to that or is that more so an agreement with your lender(s)? Thank you so much for your feedback, encouragement, and advice.

Thanks again! Have a great start to your week.

Hello BP family,

Investment rookie here, recent computer engineering grad (just this August!) hungry to learn and grow my portfolio. I currently have around 10k saved up and a credit just shy of 800. I'm looking for a property to reside in for at least a year that makes sense to house hack and is in good shape (4+ bedrooms in a decent central location attractive to other working professionals somewhere around farmers branch/addison/richardson) in the 250-300k range. I'm not really looking for any heavy restorations as time and focus at work will not allow. I've been listening to the podcast and doing a lot of research on where and how to get started but am at the deer in headlights stage paralyzed with excuses. One of the biggest being 10k not being enough of a cushion for down payment + closing costs/fees in a case of emergencies. Furthermore, I still have some more research and planning left on my house hacking strategy, talking to a CPA about house hacking, the tax implications behind the passive income, and so on. My question is the following: should I wait a bit more until early/mid next year? I will have a bit more of a financial cushion when MBO bonuses at the company I currently work for are awarded, more time to research, plan, network and connect, and overall more prepared in general.

Lastly, any books, podcast #s, or any insight on finding good deals in the dfw for a rookie in the area?

Any and all advice is welcome and very much appreciated.

Thank you very much in advance!