All Forum Posts by: Nicholas Icard

Hey Andrew!

That's actually quite funny, as I have also just purchased my first house hack (and it's a townhouse where I'm renting by the room)! I too plan to purchase house hacks every year for the foreseeable future. I went with a 5% down conventional loan, that way I can easily continue to get loans each year. Since you said saving up isn't really an issue, then hopefully this could work for you! 

Wishing you the best of luck!

@Quinton Huntley

Hey Quinton! Although I haven't completed a BRRRR in the Charlotte area myself, I know that there is loads of opportunity for BRRRR's in places such as Concord, Kannapolis, and Gastonia. I know several people who have had great success in these areas. Often times houses can sell from $75k-90k and their ARV can go for anywhere from $100k-175k (depending on the amount of work you want to put into the renovations, location, etc). I just moved into a house hack, and will be starting to look for BRRRR's as well! Feel free to reach out with any questions!

Thank you for your advice, Carmen! I certainly have an immense amount of information to learn, and I’m eager to do so.

Thank you so much! I really appreciate your response and insight.

Hey everyone! My name is Nick Icard and I'm a newbie here at BiggerPockets looking for some advice. I am a 22 year-old soon to be college graduate (May 2021) with $10-$12k. I've been trying to decide what my first step in real estate should be. I've talked to a couple of people and I've thought about some form of a house hack using an FHA loan, but I would love to hear as many opinions/options as possible before I dive in. Thank you and I'm excited to be apart of this awesome community!