All Forum Posts by: Nicholas L.

@Courtney Bowen

start with a house hack

House Hacking: What Is It, How to Start, and Strategies for Success

good luck

@Bruce Woodruff

good post, concise statements!  I think I agree with... some to most of it?

"everyone else needs the USA more than we need them" - I have no idea how to validate that.  maybe it is true.  how would you measure it?

I think the US is a more desirable place to live and do business than much of the rest of the world.

to your point 5, I do think there is a job shortage that is likely to persist... but i don't know if it's in the most exciting of fields.  for example, i believe we will need hundreds of thousands or potentially even millions of home health care aides.

the people telling us that AI is going to AI everything are the people selling AI.

@Jack OMalley

start with a house hack

talk to lenders about programs that may be available

all things being equal, I'd put less down to start and keep your cash for other uses

good luck

@Hunter B.

OK - good update.  not sure I agree with your conclusion though.  if you want to buy an on-market property, make an offer - the listing agent would then present it to the seller, and they would either accept, reject, or counter.  if you're trying to find a good buyers agent, i would find out who other investors are working with.

'budget' should not make it difficult to get an agent on the phone... if you wanted to work with a buyers agent you'd sign an agreement with them.

am i missing something?

@Hunter B.

I'm not sure what your question is.  Are you saying the listing agents were ignoring you, potential buyer agents were ignoring you, or both?

A lot of distressed inventory is bought off market, with no agents involved in either side.  But, I don't invest in SC or know anything about this market in particular.

@Druce Asah

happy to share

one challenge is just finding deals at all - there is competition on the best ones and the price can get bid up just like an on-market deal

@Arnold Caceres

I know this isn't what you want to hear, but I'd wait and save up more.  If you don't have cash to close, it sounds like you're not well capitalized enough to own yet.

Or, try to house hack with a lower down payment.

Good luck

@Sunny Burns

i think he's just trying to look out for you.  i give you props for being so transparent with your budget.  so i give you both props.  =)

not sure if you're on Reddit but this is the kind of conversation that happens there more frequently in the FI threads.

If you don't own any property yet, you're in a perfect position to house hack.

@Breanna Green

a few quick reactions

-are you going to meetups and networking with other investors?  I would try doing that if you're not already.  you might need to try a few different ones until you find the right peer group.  

-i think tax questions should go to a professional.  do you have a CPA already that could help you with the various tax implications of your various options?

-are you based in DC?  or somewhere else?