All Forum Posts by: Noah Jacobson

Hello BP Community!

I recently purchased my first property (a side-by-side duplex that I am currently house-hacking) and finished Brandon and Heather Turner's book, "The Book on Managing Rental Properties". In the book, multiple times the authors stressed the importance of putting together a policy binder for your rentals.

While I feel like I have a good grasp on the understanding of how I run my house-hack so far, one never knows when their last day on earth will be. If I were to pass away, I would want my fiancé to be able to refer to a policy binder so that everything regarding the rental was all in one place for her, and would feel comfortable knowing how to run the rental herself.

I am wondering if anyone has a template policy binder they have created and are willing to share? I am working to create my own, but as I am new to land-lording, would appreciate any advice/help on this issue.

Thank you in advance!

Noah

 

Hello all! 
Very excited to share that I am pending on my first house-hack I’m Brooklyn Park, MN. It’s been a crazy week, with a whirl-wind of emotions, but I am very excited. I’m wondering if anyone could share some carriers with low rates for homeowner’s insurance, and any other caveats there may be to purchasing a policy for a house-hack/duplex?

Any advice is much appreciated. 
Thank you!

Hello Bigger Pockets Groupies!

My name is Noah Jacobson, and I am BRAND NEW to the Bigger Pockets community and the world of real estate investing. A bit of background about myself: I just turned 25 years old, graduated from Hamline University (in Saint Paul Minnesota) in 2019 with a degree in Economics. I started my job in public accounting as an auditor, and recently took a new job a couple months ago in industry doing accounting for private equity funds. I currently hold an active CPA license in the state of MN. 

A friend turned me on to Bigger Pockets and over the weekend, I finished 'How to Invest in Real Estate', and found it absolutely fascinating. I have recently gotten very interested in house-hacking, and this is the first step I would like to take in my real estate investing journey. I have a couple of friends that do it, and after seeing how they are able to manage, and reading the book, it seems like a no-brainer. My girlfriend and I currently rent a one bedroom apartment, and it seems such a waste to be throwing money away on rent each month (and year) when that money could be going towards equity in a property, with someone else assisting in paying the mortgage with house-hacking! 

However, even after reading the book and seeing my friends start, I will confess something - I am VERY scared about purchasing a home. To me it seems like such a large purchase, something so permanent, that I feel I need to make the perfect decision, or I won't make one at all. I'm not sure if anyone can relate to this, but this is how I'm feeling currently. So doing my best to try and put those thoughts behind me and being analyzing deals. I would appreciate any advice, tips, tricks, or anything anyone has to offer about the world of house-hacking and getting started on your real estate journey. Thank you all so much in advance, and I am so excited to be a part of this community!!

Noah