All Forum Posts by: Taylor Thompson

@Tyler Mutch So if I were to Airbnb a Single family house it would potentially cash flow more than the Duplex?

I plan on getting my first rental in spring and looking for just pure cash flow. I don’t care about appreciation or any other factors as much as cash flow so I was wondering if I should get a duplex or a single family house. Should I rent out the rooms individually in the single family house or Airbnb it and just wondering what method is generally the best for cash flow. Thanks

I am looking to get my first property in spring but I am looking at using down payment assistance and I have never bought a house before so I would be a first time home buyer but wondering if down payment assistance is something I should use to a advantage or if it isn’t worth it. Any replies would help thanks!

I am new to real estate and know the steps to a BRRR but just wondering what rule of thumb do rehabbers uses for a standard top to bottom cosmetic renovation in CO. Thanks.

Also I’m 18 years old and plan on getting my first rental less than a year from now.

Hello everyone,

I live in Colorado and I’m about to start college in about a month from now. I’m going to college for firefighting but I plan on becoming financial free from rental properties but the only reason why I’m going to college is to help get a good stable job to fund my rentals. The two options that I have in mind is to go to college and have the firefighting job or to work a less paying job and make about $40k a year but not have to go to college for. Any input would be helpful!

House hack*

I’m currently 18 years old and I’m going to be getting my first house hack less than a year from now. I live in Colorado and going to be renting by the room and was just wanting to talk to others who live in Colorado that do renting by the room and how it’s going for them. Any comments would be appreciate!

Hey Katalina,

I live in Colorado which is a more expensive area as well and where I will be investing in. The only way I am able to make this happen is because I was able to use my parents as a co signer, I only have a part time job and in college so getting approved for a loan wouldn't be really possible. For the time being I analyze properties frequently, read a lot of books, listen to podcasts, join meet ups, and talk to other local investors that overlook some of the deals I look into. We are young which is a great advantage for the long run but makes getting approved difficult without a co signer. California is an expensive area but not an impossible area to invest in. I hope this helps in some way and If you want to talk about anything else just message me.

Taylor

I’m currently 18 years old and going to be buying my first property when I’m 19. After that I plan on trying to get at least 1 property per year and expand my portfolio enough to retire in my 30s.