All Forum Posts by: Seth Michael Carp

Hi I'm Seth Carp, a UO freshman and future real estate investor with plans too house hack in the next 6 months. If anyone is local and sees this I'd love to connect over a lunch and get any advice, deals, or tips you have for investing in general or specifically in the Eugene market.

I'll definitely look into that and ask them, thank you

thanks so much for the advice

I'm looking to house hack in college and will have enough money to do by the time I'm ready in about my 2nd or 3rd year with about 40k by then however with such a low income do you think there would be any hope getting financing if I have my parents cosign with me and they are decently well off being doctors. Or do you think I would likely just have to wait until I'm out of college and have an actual decent paying job with which would help me to get approved for a loan? Just need some advice or maybe just somthing I haven't thought of to solve this problem.

So I've been saving up to househack preferabely my 2nd or 3rd year in college as I'll be a freshman next year and I currently have about 11k with hopes to get around 30-40k by the time im ready to buy. I've also been thinking about starting an IRA on the side just to diversify my investing and have a fallout plan aswell. My concern is that if I'm putting money into the IRA that I will have to wait longer to house hack. Just confused if I should start one and play it safe but then also have my real estate journey slowed by potentially up to a year or if I should scrap the IRA and put my full focus in real estate or even maybe just putting a small amount into an ira, which would far less affect my real estate journey.

So recently I've been into stocks and am on webull, they recently added a cash management account that gives 4.1% yield a year which would be far better than my like 0.05% yeild on my checking account. I did a little research and found that the account is covered by FIPC and FDIC insurance. Would there really be any reason not to put the money that's in my checking into the cash management?

Hi I'm Seth and I'm currently a high school senior saving up and learning for my first house hack which I plan to do in my sophomore year of college at U of O. I've noticed that Eugene seems to be more of an appreciation market than cash flow and have been struggling to find a lot of either duplexes or 5+ bed single family homes that after I'm done living in them and move to the next house hack would cash flow for. I've heard that some people when they move onto the next house hack will short term rental their original property to gain extra cash flow or even instead of just renting to roommates when  house hacking, renting out the rooms on Airbnb. I've also heard of people making the garage into a separate room and living in that and renting out the main house. My main question is, if anyone knows of creative ways to make house hacking work in a lower cash flow market. I've also heard people like David Greene say on the podcast that it's very hard to find cashflow right now and that people should focus on building equity through buying a good location like I would be in Eugene, then using that capitol to invest for cashflow later on. Is that a good idea if I were to breakeven or have low cashflow in the beginning of my real estate journey if I'm likely getting good appreciation cause I've heard him say yes and others say that good cashflow is all you should be investing for. Just looking for some help, thank you.

Hi my names Seth and I'm currently a high school senior and am saving up  and learning as much as I can to house hack in about a year and a half in my sophomore year of college at the University of Oregon. So far in analyzing properties in the Eugene market I've found that cashflow can be tough to find, however I have found 1 or 2 properties that would have decent cashflow potential around 300,000 and it's a 5,2 with 1740sqft and it's in a b- area but would require a good amount of rehab, most likely new floors, potentially  some wall repairs and a new paintjob, plus other small cosmetic repairs. This might create some solid forced appreciation  and many other hoses around it are valued roughly around 400,000. I have found a second property for about 425,000 that is an a better area than the previous house as it's in an a- area also a 5,2 with 2200 sqft, this property would require far less rehab than the first property, however it would likely not cashflow nearly as well, but would likely have far better appreciation due to the area. My question: is it better to focus on appreciation or cashflow when buying your first house hacking as a 19-20 year old and do you think that the rehab work of the first house would be too much as far as extra cost on top of the roughly 10,000 down payment and the lack of experience I have in the real estate game. By the time I'm ready to buy in college I'll likely have 25,000-30,000 dollars to invest and I'll have the monthly rent from my parents to live in Eugene for college  that I could use to help me if I was cash flow negative when house hacking. Thoughts?

This summer I would have ample time to work on getting my real estate license and have been considering doing so. I plan to use the license to save on realtor fees and get access to the MLS for house hacking that I will be starting in my sophomore year of college, (still a high school senior). I've heard some people on the forums say that getting your license is a waste of time if your not going to become a realtor and that working instead of getting my license may be a better use of my time to raise capital. I'd appreciate any advice.

Hey I'm Seth and recently I have been putting most of my money into stocks hoping that in the next year or so I could use the money to start house hacking, I am working and make roughly 1000 a month as I am still in high school and it is wrestling season so I don't have much time. My main question is, do you think it is too risky to have the money that I want to invest with in the next year and a half in stocks, especially when most people are saying that the market is going to go down a lot, or should I get out now and keep the cash to invest in a year and a half?