All Forum Posts by: Steven Le

@Sebastian Garcia Nice job. Thanks for sharing this success story and including details :)

I've read #1 & #3 and the one on house hacking since January. Reading "Never Split The Difference" right now. Think I'll read the rehab book next. I purchased #4 already as well too, just haven't gotten to it yet

Going off what Jonathan said, google and estimate it as best as you can. I just started practicing analyzing properties as well, but haven't touched ARV. Been looking at mostly places that don't look like they need repair. If that's the case, you'd put the ARV as the same as the purchasing price

So many books to read, but I think one of the next ones I'm going to read is the one recommended by Bigger Pockets on estimating rehab costs. Hopefully it'll help me get a better idea

I also feel like its pretty hard to estimate ARV if you can't see the property yourself, seeing how most photos listed are sub par

Good luck

@Niccolo Fazio Yeah, they say analyze deals both as if you'd be renting out the entire property vs renting out the entire property minus 1 room or unit (for you).

I'm new as well and looking to house hack in Houston, so I've been spending the past 2 weeks researching areas, neighborhoods, schools. 

I found this to be useful - https://www.biggerpockets.com/blog/easily-analyzing-rental-properties-four-square-method
since I created a google sheet so you can just throw in numbers. But if you already have a pro account and unlimited usage of the calculator, then maybe you don't need the 4 square

I'm new as well and I second learning and reading. I read 3 books since January and that's a lot for a person who doesn't read. I'm beginning to analyze deals to lean more, practice, and get familiar with the numbers. 
I wish to attend local events to meet more people in this field, but that obvious can't happen now. So I'm assuming learning, practicing, and trying to network online somehow

I'm new to analyzing deals, but $2500 seems really low for a $420,000 properly. Also, if you're planning on putting in $4,000 worth of repair, I think ARV should be greater than the purchasing price.
Please excuse me if this is not correct

@Justin Windham thank you!

Hi all, 

I'm brand new to real estate investing. Somebody on Facebook referred me to BiggerPockets. I started listening to the podcasts, read some recommended books, and got into it.
During the day, I work as a driver for an autonomous car startup in Burlingame. On the weekends, I occasionally DJ at various events, predominantly weddings.
I'm interested in house hacking so I can get out of my parent's house. I'm also interested in short/long-term rentals and BRRRR. Looking to meet like-minded people in the south bay and also people in Houston, Texas since I'm thinking about making the move there.
The goal is to continue DJing, make money off property, and quit my 9-5 job

I hope to meet and learn from some of you as well as help you out in any way that I can :)