All Forum Posts by: Sherief Elbassuoni

 @Krishna Anisetty, you can contact Flynn Family Business. They are amazing!

 With investment property route, you need to put higher down payment (15% for single family, and 20-25% for small multifamily, compared to starting 3.5% for house hack route). Also, interest rate for investment properties are 1 to 1.5% higher than house hack primary residence

It depends on budget and your experience.

If this is your first development project, it may be too big of a project as a first one. 

You can probably buy a single family and build a Detached accessory dwelling unit (DADU) in backyard.

If you have experience and can finance 30–40% of project through a construction loan, you can go big as long as zoning allows, and numbers make sense

 It all depends on which city or neighborhood and what is the property you are willing to buy

 @Ryan Lam, we get cash flow with creative ways like STR, rent by the room, split level homes that get rented to two families, .....

If you are just renting one house to one fmaily, it will not cash flow

 @Heidi K Lovig, try contacting Flynn Family Lending. They are great

@Christian Toralba, welcome to BP. You are in the right place.

Real Estate is the way to go if you want financial freedom and quitting your 9-5

Send us your questions, and we are all happy to help and support you in your investment journey!

@Ryan Engels, I do deals in Tacoma/Puyallup/Sumner areas and I can share what worked and didnot wortk with me there!

@Larry Tran, unfortunatelly, this is common. Most insurance companies increases premiums.

Contact the big players (Statefarm, Geico, ....) and also an insurance broker, and shop around

@Catherine Javier, there are different ways to calculate that, one of them is to calculate how many days the property was booked out (rented) and divide that by number of reservations, this will give you the average number of days for each reservation