All Forum Posts by: Sam Lewis

Really tough to say without having a licensed contractor come inside and give you an estimate. That is your best bet

That’s tough man it is very neighborhood specific I also focus on the county and Harford county  

@Tyler Dalton dominion financial group

If you have been occupying the property for the last 2 out of the 5 years you could sell and pay zero capital gains taxes. It's called the 250/500 rule. You have prob heard of it but just in case check it out

I was caught in a similar situation. Had way less cash but my lease was ending in August and I wanted out in February. So I asked the landlord if I could sublet and I found someone to sublet my lease.

You may have to sacrifice the deposit for your current living situation, but at the end of the day - if you can stomach a down payment for an owner occupied home *which can be as little as 3% down* and make money renting rooms or the other unit, why the hell not?

What up playa welcome to the greatest city in America! 

@Jeffrey Page I list all mine on Craigslist for my househack and GoSection8 for section 8 rentals

Hey Nick I also graduated from Maryland with a Mechanical Engineering degree. I was in CYC and QUEST. I recommend the following books:

• Rich dad poor dad
• Richest man in babylon
• Millionaire real estate investor
• Cashflow quadrant
• Why A students work for C students
• The BRRRR book

Househacking is a great way to get started - that's how I did it. Let me know if you have any questions man

The website "spotcrime" and "crimemapping" work. Regardless there's no better data than actually driving through the neighborhood. 

Wear a bullet proof vest if needed

If you have solid credit (700s), a decent job post-graduation, and about 5% saved up of the approximate home you want to purchase (multiply your salary by 4 as a conservative estimate as what you can afford), then you should be able to purchase a househack post-college.

I would keep pushing for savings in that range so you can put 3% down for a property (first time home owner, conventional or FHA), ask for 3% back at closing, and budget 2-3% for closing costs. So if you bought a 200K househack, you may only need as little as 8-10K out of pocket. 

I would run the highlighted text above past your local real estate agent so they can give you some local perspective on what is realistic for you