All Forum Posts by: Steve Bracero

Welcome @Yuri Samayoa

BP is an excellent place to learn, begin by start analyzing deals and know the market you want to get into- that is what I am currently doing, good luck ! 

@Matthew Catanzariti Welcome! 

I am in a similar situation and looking to buy my first property a duplex or triplex- BP is a fantastic resource and the info is endless. Take action daily and begin by looking at deals, analyzing them daily to understand the market you are interested in. 

Good luck, just need to take small step daily until you close on your first property 

Welcome @Spencer C.

I am also looking to house hack for my first investment property. It will be a multifamily and if its a duplex once I move out it should rent for at least 100+ a unit- 

I would recommend analyzing deals daily and learning the area you are looking to invest in- 

I am also looking to house hack with a multi family. FHA is 3.5 down which I am also looking for. The calc on BP are fantastic and the site has very helpful people.

I would start by analyzing multi family daily to get comfortable with the numbers. I use MLS listings but you can begin with zillow, trulia.

Get to know your market, by seeing deals daily. 

Good luck, take action! 

Welcome @George White!

I am also looking to become an owner- occupier in the next few months. I am looking for a multi- and to "house hack" my first deal. 

I would recommend analyzing deals daily, there in an abundance of information on the BP website and a many very good YT videos on how to analyze quickly. Start with analyzing one a day for a week then you will become comfortable and be able to do quickly within a few minutes. 

@Felix D Menendez Jr Welcome! 

I am also investing in Mass looking for a multifamily- I am learning daily by the podcasts, forms, and talking to local investors.  I am also a newbie and found this a fantastic place to learn! 

Hi @Evan Copage

Welcome! I am also looking to buy my first property with a FHA and being an owner occupant- The forms and the podcasts are great to learn from. Enjoy the process and I believe I read somewhere that 1 out of every 100 listed deals are a good deal. So, If I make 20 offers I am doing well I one gets accepted. 

search craiglsist for rents, as well as rentometer, pad hopper these sites will give you an idea on how much a 2:1 or a 3:1 would rent for in your area. 

This is how I am determining the rents for my area as I am also looking for a multifamily and pricing appropriately 

Awesome! Great advice I am also looking to buy my first Multi Family and don't want to get stuck in "analysis paralysis"- I am taking small steps daily to hopefully find and close on my first very soon 

I am looking at doing the same... I believe you can  create an estoppel certificate documenting the length and conditions of the tenancy and any other considerations or agreements between the tenant and Vendor.

Since you inherit the existing lease, you honor its conditions- 

At the end of the lease you can raise the rents if you'd like- 

Hope this is helpful!