All Forum Posts by: Samuel Hailai

 thanks man, appreciate it, your comment, it help me a lot

Thanks you all, for motivation, I decide to hold it for a while and try to be proactive to make neighborhood clean, so that my property appreciate. I wrote that post, when I was very low point, completely regretful what problem was, try to communicate, the neighborhood, they look they don't care or have some serious problems. It make me unhappy leaving there, anyway it will tough me up, hopefully, everything went smooth moving forward. 

 I am looking other options without selling, because selling it before a year, it make me loose money, but if things don't improve i guess I will be forced to sell. 

 Yeah, I know that, am thinking doing that, but same time, I don't know the neighborhood, to be hones I am little scared, since I am the new guy, they will now I am the one who call the police about the car, I don't want to get in trouble with them as I will leave for a year on the property. 

Recently, I purchased a property in Rowlett, TX, with the intention of making it my primary residence. The house is a 3-bedroom, 2-bath property that I acquired for $210,000. My immediate plan is to use it as a house hack for a year or two until I tie the knot. Once married, my goal is to convert it into a rental property and venture into purchasing another one. The property was in good condition and offered a fair price, but I now realize that I overlooked an important aspect during my initial investigation - the neighborhood. To assess the area, I relied on websites like neighborhoodscout.com and crimegrade.org, both of which rated the neighborhood as a C. While I visited the place multiple times before making the purchase, during those visits, everything seemed positive, and the area appeared to be very quiet. However, shortly after moving in, a few weeks ago, the city carried out water maintenance that led to water leakage and accumulation on the curb side of the parking area. I promptly informed the city about the issue, but unfortunately, two weeks have passed, and the problem remains unresolved. Additionally, I've noticed an abandoned vehicle parked on the public curbside, with flat tires and no license plates, as well as another pickup truck filled with junk and displaying out-of-state plates. My neighbors seem unperturbed by these occurrences, which worries me. I'm reluctant to involve authorities, fearing that it might create problems with my neighbors, but I also recognize the importance of addressing such issues. Despite these challenges, I have a primary resident mortgage, which means I am obligated to stay in the property for at least a year. This situation has been causing me considerable stress, and I've even contemplated selling the property at a loss. Or I am also thinking notify my challenges to my bank hopefully convert it to investment property though I am not sure it is possible before a year. I don't know what to do with the property.

Hi All, I am buying a property to use it as house hack ( using one room and renting the others), the property is 360K worth, I want to calculate how much tax deductible I can get, whether that deductible offset, the 7.25% interest I am getting. Here is my calculation, 360K - 72K ( land value) = 288K, and 288K/ 27.5 ( considering , it rented for the whole year) = 10.45K , so I can deduct  10.45K from deprecate and I will be paying 20,866 in interests for that whole 12 months so total I can make about 31K in deductible minus 12K standard deductible I take, so I will have additional 19K in deductible for my normal standard deductible ( which is 12K) which is that almost cover all the interest payment I made that year. Considering I rented the  house for the whole year, are my calculation correct? What happen's if the property have not been rented for 2 months after rented for couple of months, did I need to consider deductible only when it rented or even when it in between rents also thanks. What about not fully rented, I mean from the 3 bedroom , if only one rented?

I have been looking for properties for months now, I am new starter, I am looking, at Dallas, Charlotte, Columbus, Atlanta and Denver. As I am remote worker, I will move to any place where I find good rental property, I can use one room and rent others. I am filtering properties based 2% or 50% rules,  looked at hundreds property, unortunately I couldn't find a single one that pass, the rules. Looking their mortgage and possible rental income, in most of them , you can see the rental income is almost same as mortgage.  I am wondering, with the current housing market,  is house hack or rental business is dead. I wonder, who is buying rental property while the rent can barely make the mortgage. Am I missing something, or this market is crazy  and it is not good time to go to rental business. 

I have posted this a while ago, since then I get a lot of feedback, the most answer that make sense was maybe I was looking in wrong market, so I tried in other market like Columbus and Cleveland , unfortunately I am still getting below 2% CoC ROI. I use biggerpocket "Rental Property" tool, I fill 10% for each; Repairs & maintenance ,Vacancy and Capital expenditures. I don't get it, people keep saying that I can easily find over 10%, but analyzer show me otherwise. Can someone connect me, and show me property that have over 10% Coc ROI, I can immediately invest on that.