All Forum Posts by: Omar Burnett

Hello, My name is Omar and I recently graduated from UofSC this May and am working remotely from home. I have amassed a material amount of capital through various side hustles though-out college and would like to deploy this capital into the largest multi family home in or outside of Charlotte, NC. I plan to deploy the house hacking strategy. Does anyone recommend any investor focused/savvy relators in this area?

Hello all,

I am a newbie still learning the ropes, and so far it seems that acquiring my first rental unit should be pretty straight forward. Although it may not be easy and will take time. My questions are:

What amount of much leverage is too much in terms of borrowing money from banks/hard money. I was too young to remember the 2008 mortgage crisis, but it seems as if a similar situation happens most investors will be wiped out if banks began calling loans.

How much money in reserves is necessary (in terms of months/years)? Should these reserves be set in place prior to acquiring the property or set aside overtime while collecting rent?