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All Forum Posts by: Micah Bromley

Micah Bromley has started 2 posts and replied 3 times.

Post: House Hacking vs. AirBnB

Micah BromleyPosted
  • Charlotte, NC
  • Posts 3
  • Votes 1
Which method generates more cashflow, house hacking or renting out rooms through AirBnB? (I understand there is a wide range of variables that would dictate the the answer, but I’m curious to know people’s general opinion)

Post: Recent Graduate in Need of Start Up Advice

Micah BromleyPosted
  • Charlotte, NC
  • Posts 3
  • Votes 1
@Caleb Heimsoth Thanks for the advice Caleb! Clearly I need to do some more research on different financing and loan opportunities.

Post: Recent Graduate in Need of Start Up Advice

Micah BromleyPosted
  • Charlotte, NC
  • Posts 3
  • Votes 1
I’m 22 and graduated this past May with a degree in Project Management and a minor in Accounting. I had to pay my college tuition myself and have some debt to pay off. The last few months I have started working a job with a nonprofit organization that I enjoy working at for just under 40k. I have been listening to the podcast, reading forums, and started the book “Low and No Money Down” and wanted some feedback on what would be a good first step into REI. I’ve been fortunate enough to live with family friends upon relocation so I currently have no rent or food expenses, but my thought once I move out is to find a duplex or triplex to purchase using FHA 203(k) and house hack. My job will require me to travel at times so I thought I could also airBnB my place while I am gone. I want to implement the BRRR strategy on the multi I origanlly buy and look for another good investment. I have a meeting with a real estate agent tomorrow to get understanding of the market in Charlotte, NC and possibly begin analyzing deals using comps from the MLS. I’m wondering if there might be a better way to begin investing given my circumstances or if there is a better alternative? Any advice is appreciated.