All Forum Posts by: Zachary Riola

Currently only own my primary residence but planning for an STR in the fall. Would love to meetup with this group.

Is it possible to obtain a second home loan with another individual whom you are not married to? Intent would be to only put 10% down and short-term rent the unit.

I am a recent new homeowner in Austin, TX. Essentially I closed on an off market property and walked into greater than $50k of upfront equity (probably closer to $75-100k; Austin market is wild).

About 6 months after closing I discovered BiggerPockets and have since become real estate obsessed. I analyze properties every day and am itching to invest in my first rental property but I believe I will be held back by my D to I ratio. Additionally, I feel like I am "cash poor" from buying my first house still. 

I think I am just lacking patience but I am eager to start buying rental properties; I feel like I am sitting on the sideline due to my cash savings being low from my first home purchase. I know there's other ways to "make things happen" in terms of financing via partnerships, OPM, etc. Just looking for some general guidance on what my next steps should be from those that have been there before. 

I have considered refinancing in a year or maybe less to pull some equity out of my house but that kind of scares me since interest rates will be rising and I locked in a very low 2.75% rate on my home loan. 

Any thoughts are welcome. 

Hi, 

I'm new to BP and testing out the rental calculator on different properties. Can someone explain to me how how Cash on Cash ROI is calculated in the "Analysis Over Time" section? I understand the first year, but beyond that I am not sure. Also, I'm not really recalcing how Total Profit if Sold. Can someone explain that?

Also just wondering why Yr 1 includes the 2% increase already for growth? Seems like this would be included in year 2.