All Forum Posts by: Ash Hegde

Agree with William in having some caution and doing some evaluation of your free time, connections, and team. If that's all good, this sounds like a good opportunity to BRRRR if you are up for it. That is the only way I would buy with all cash - if I could get it back later. Otherwise, spreading it out to multiple properties will generally work out better for you in the long run.

You may know this, but the 45 day clock to identify starts after your sale closes. With a 60 day escrow period that gives you 105 days from now to get it done. If they are mostly concerned about rising rates, your own idea of paying for an extended rate lock is worth a shot!

Welcome to the forums!  Check out the beginners guide and feel free to ask questions. Lots of helpful people here.  https://www.biggerpockets.com/... 

It's factually a true statement but returns are relative to what else you could do with the money. If inflation is 10% and your commercial real estate returns are 9%, you are losing value over the year. But if your other options are a bank account returning 2% and stocks returning 7%, you are still better off with the real estate. 

Welcome Koree, you're going to do great in central Florida!

Hard question to answer as there are so many factors. I haven't read it, but Biggerpockets published a book by J Scott called "The Book on Estimating Rehab Costs" that can probably help you. 

Charles is correct, if you already know them then it gets around the "accredited" requirement, and definitely document the relationship in case it is ever looked at. 

It may help to evaluate it as a full rental as well as a house hack. See if it would cash flow if you didn't live there. It's hard to predict where rates or appreciation will go, but if you reduce your living expenses significantly with a house hack, the monthly savings should bankroll you for future investments. 

Absolutely worth it for you, you have 20 guaranteed commissions a year and if you learn the business and your market you'll be able to find great deals for yourself as well. 

If you decide to go with short term rentals, look into local rules (and community HOA if applicable) to make sure there are no restrictions. A good agent in the area should be able to help with that.