All Forum Posts by: Max Maysonet

You may have the wrong person, I didn't ask what is COC nor ROI, But I do like these numbers!

Of course it makes sense, These are actually good numbers! (I'm assuming that there is no PMI due to the fact that you put down 25%).

These are numbers that can allow someone to sleep at night as long as you rent to financially solid tenants.

A 22.55% ROI or COC (whichever you'd rather go by) is a beautiful deal and is hard to find for some!

That's a complete 100% ROI in under 5 years, impressive.

My experience on my first property has yet to come, but I am sure I will make a mistake as it is my first property. As long as I learn I don't care that I make a few mistakes, because I plan to take notes and learn from them. 

I'm targeting a 9% COC return, or a rehab that can allow me to raise sweat equity to fund the next investment. I'm taking as much as information as I can right now because there is plenty that can go wrong with a first time home owner process. I plan the Buy and Hold strategy.

I haven't read the book yet, but I want to hear everyone's thoughts as well. 

@Bob Okenwa That's an optimistic view point, others are against robots taking the industry because of contractors that could be put of work, contractors as well.. etc etc. But the time built, is in fact impressive nonetheless. 12-18 months on average to 6 weeks. 

A robot built home in upstate New York hits the market for $299k as a completely finished home with complete utilities and all. 

Reports say this home took 6 weeks to build from ground up, and saved 60% costs (due to not having to pay labor). Waiting for more news to develop after whomever buys it, reports if things run solid or not. 

Thoughts??

What exact factors determine if a home is eligible for a USDA loan? I live close to a city, but I also live close to rural areas as well. 

Checking to see if this is an option for my first House Hack. 

Thanks in advance

A Real Estate Agent/Investor friend of mine, told me that he saw a rental roommate lease agreement that stated "Absolutely no ziplines". Apparently, there was a zipline set up in the property in the past.

One time, another friend I knew that was evicted out of a commercial property had me go to her office to grab her stuff for her. Once entering her office I Noticed that she hung a "life sized power ranger punching bag".

Now I'm just wondering, what is the the most outlandish thing you guys have seen that someone left or damaged after they vacated your property? I hear horror stories of people who are having troublesome tenants and these days because of Covid, evictions are more rare but I'm curious. 

@Scott Wolf thank you, I wanted to get advice from a professional and not google. Awesome!

I'm no property owner but I'm currently searching for my first House Hack.

I'm trying to learn as much as I can and I'm curious as to what would be a smarter way to go about liquidating funds for capital growth?

Let's say I rehab a multi-family (originally financed with a conventional loan), Should I refinance? Or just take a loan on the equity? Is it the same thing? Is it different? if so, How? Is a 1031 possible on both?

I have an idea, but I want to hear the thoughts of BiggerPockets.

Thanks!

This is legendary information Jon! I also learned something new from this! Thank you