All Forum Posts by: Nicholas Carlson

Nice

House hacking? BRRRR? Rentals?

Please help

@Greg Dickerson

Oh wow I'm sorry I put 3k a week, it should be 3k a month!

@Greg Dickerson

Is $1million realistic?

I bought an apartment for about 150k in Staten Island NYC about 4-5 years ago that I spent very little money renovating myself and now thru appreciation is worth about 250k mortgage free. I am single and have a steady 9-5 job earning me about 3k a week after taxes and also have about another 40k in savings at the moment. I am trying to figure out my next move and am very undecided, but my goal is financial independence.

So with about $300k total in funds, I am trying to decide between buying long term rental properties out of state, buying another property to renovate, or buying a property to rent short term (airbnb). I have a lot of home repair skills/renovation experience and am confident I could be successful doing another flip, however I'm very intrigued by the possibility of passive income thru rentals (fully acknowledging the potential headaches).

What would you wise people recommend?

@Jay Hinrichs

Oh ok thanks any, just thought I'd ask.

@Jay Hinrichs

Hi Jay - I'm fairly new to BP but your posts always impress me. I've been looking into investing in SFR properties in Warner Robin's GA. for the purposes of long term renting as well as appreciation. Something in this area and price range:

https://www.zillow.com/homedetails/121-Fisher-St-Warner-Robins-GA-31093/49853176_zpid/

It seems like most of the surrounding area is commanding $7-800 rents. Am I missing something or are these good deals?

Thank you in advance for any knowledge you can share!

Nick

@Lee Taylor Hi Lee. I could really use some insight from an investor knowledgeable and experienced in the area, and wanted to know if you had any time to discuss? Thanks in advance, I appreciate your time.