All Forum Posts by: Miguel Rodriguez

@Devin Morgan

I'll try and keep you posted on it. I'll also have to check out J Scott's posts on his different processes.

@Carson Sweezy

I'm looking into the New Orleans suburbs. Real estate is going crazy over here.

@Devin Morgan

House hacking and making friends, you did good in that one. Just be careful as I hear it can go either way with that. The BP podcast makes reference to this. Good luck with your REI!

@Joshua Chen

My thoughts exactly on it. Good luck on your move to OKC.

@Chris Harkins

How did you house hack a sfr? Did you live in it and convert it into a duplex, or move out then rented it? Sorry if the question is too intrusive, I was just curious. 

@Elizabeth Colegrove

Thanks for the support. Glad your "different" plan has been working for you. Thanks for the tip on posting the numbers on the buy and sell board. Any input is greatly appreciated. 

Catch you later on the BP forums!

So I'm starting out by looking for a MF property in Jefferson Parish. Of course I will be living in one unit and renting the others (hopefully find a good enough deal to actually get paid to live in there for awhile). I will be utilizing a 203k loan and am open to any and all advice from anyone wanting to help their fellow man! 

Welcome to BP @Lakeisha Robichaux. I'm fairly new as well in the Jefferson/Orleans Parish area. I am just like you lurking around, attended my first REIA meeting last month. Good luck with your RE ventures!.

Looking for 3-4 plex. Financing with 203k. 

@Kimberly Jones 

Thanks for that piece of info. I've been looking for MF 2-4 and the prices at least to me seem to be at a premium. Even in some of the more questionable areas. Has there been a lot of appreciation in the Metairie/Kenner MF's?

I maybe wrong with my evaluation since I'm pretty new to this but if you're valuing the deal for a buy and hold, divide your monthly rents by 2% and this should be a good starting point for purchase price (subtract any repair fees and wholesale fees). Someone please correct me if I'm wrong here.

Just a heads up, if you want to post deals, they have to be posted under the marketplace. But if you're trying to get wholesale advice that's a different story.