All Forum Posts by: Rogelio M.

@Paul Welden. What does the acronym "WWU" stand for? Thx!

@Hideaki Yen Because of prior "abuse", at least in Texas lease options and contracts for deed are restricted.

@Michael K Gallagher

Thank you Michael! .... I believe NOT there has been sufficient discussion on how to address the "cashflow deficit", even while one house hacks.  Property prices have increased dramatically so that even with increases in rental rates, one may experience a deficit.  Assuming the property's valuation and rental rates are "appropriate," and will continue to increase, the appropriate comparison metric will then be, as you stated, one's "cost of living before hand".  If one, through house hacking, reduces the cost of housing by a substantial percentage, the house hacking investment will continue to render benefit through the remaining wealth creators: property appreciation, loan amortization, and reduced income taxation.

@Michael K Gallagher

Great post. Noticed the nuanced response regarding purchasing a turnkey, rather than a rehab, and tolerating a mild cash flow deficit at least initially while one resides in the property. Love the idea of avoiding CapEx, at least initially to get started. Having to worry about a rehab and managing difficult contractors may be too much to handle to an investor who wishes to get started through house hacking.

If one starts house hacking through a turnkey scenario, what would you consider to be an acceptable cash flow deficit?  The property prices in my area have been growing exponentially so that the remaining viable house hack strategy would be property appreciation and loan amortization.

@Bruce Woodruff

As @Joseph Cornwell stated a "great experience" is part of the rental service ... would there be any upgrades to the units to explain away, in part, the increade in rental rates? Best luck with the purchase.

@Jordan White

The city of San Antonio requires the registration of short term rentals. The city's Development Services Department provides guidelines and registration services.

@Percy N. Good insight. I would like to add US law allows foreigners to own real assets and/or investments in financial institutions or securities brokerages. If the foreign guarantor is willing to put up the US based assets in guarantee, the lender may approve to move forward.

@Victor U. Mbah

@Anjesh Dubey. Consider submitting your question to @Yonah Weiss ... he is a cost segregation expert. Best luck.

@Wei W. Good luck ... we are all facing similar challenges ... have also been considering a rent by the room strategy for a house hack.