All Forum Posts by: Timothy Finney

@Jonathan Baptiste, thanks for the advice! I’m taking notes from this post and want to make sure my lease covers all these suggestions.

Hi BiggerPockets Community,

I’m excited to join this amazing platform after reading about it in House Hacking Strategies. I joined BiggerPockets back in October, but I’ve been a little shy about jumping in. Now, I’m ready and eager to meet new people and make the most of this incredible community.

A little about me: I'm originally from Tulsa, OK, but relocated to Austin, TX, four years ago. I'm new to real estate investing and hope to purchase my first property within the next year. My goal is to start with a house hack on either a single-family property with an ADU, a duplex, or a quad. I plan to live in the smallest unit and rent out the rest. I'm looking to take advantage of an FHA loan and the 2-out-of-5-year rule for my first investment. After two years, if everything is going well, I might explore the BRRRR method.

For now, I’m focusing on the Austin market, but I’m open to exploring other markets in the future. I’d love to connect with local real estate agents, lenders, and contractors who can help me navigate this journey.

I’m continuing to educate myself on finding, analyzing, and financing deals, and I’m excited to hear any advice or recommendations the community has to offer.

Thank you for reading, and I look forward to connecting with many of you!

Best regards,

Timothy

You purchased the house for $42,000 and sold it for $560,000, but only made $143,585 in profit? That means the renovation costs exceeded $300K — wow! You must have done an extensive amount of work on this property. How long did the renovation take, and how much do you estimate you would have made if you had chosen the wholesale route instead?

This is the first post I've read on BiggerPockets, and I’m impressed by all the positive feedback for Ariel. I’m also new to real estate investing and still in the learning phase. Drew Sygit’s response was particularly eye-opening—what a wealth of knowledge about managing different tenant types! Although I’m not yet in a position to offer mentor-level advice, I wish you all the best in finding the guidance and location you’re seeking.