All Forum Posts by: Zierry Eme Carl T. Tagbas

Investment Info:

Condo buy & hold investment in Royal Palm Beach.

Purchase price: $180,000
Cash invested: $23,000

With the rents going sky high in South Florida, I decided to buy my first condo to house hack. My boyfriend and I live in the master bedroom and I rent the other room out.

With my roommate and boyfriend contributing to the mortgage, I literally pay $0 towards the mortgage and cover only electric and internet.

What made you interested in investing in this type of deal?

I was interested in this type of deal because of paying other owners property mortgage down, I wanted to build equity in my own property to pull out a HELOC to invest in future deals.

I read Craig Curlup's book already too. Are there any current house hackers that can give me some advice?

Hello I just recently started listening to your podcast. I am 27 looking to invest in my first multi unit duplex property. Since I am a first time home buyer I’m looking to rent one side and live in one end. I will not be making a profit but I will be living cheaply so the mortgage would be 2130 renter would pay 1400-1600 a month I’d pay the rest. Do you think in today’s market it’s a good idea to do ? Also how would it affect my debt to income ratio long term if I wanted to purchase another property ? What could you recommend?

Hello Everyone! Real estate newbie investor reporting in. I have been doing a ton of research on real estate investing outside of this website (books and podcasts mainly) and I'm ready to start to hit the ground running into finding my first property. 

My question to all of you is in relation to financing.  Right now, both me and my wife are house hunting for our next primary residence (as we are starting to grow out of our current starter home) but I also want to start getting into investing into real estate and purchase my first property.  Is this doable?  Will our options in terms of what we qualify for in terms of a mortgage for our primary residence be hindered by me trying to purchase my first property or (more importantly) owning an investment property? Is it better to wait until we close on our new primary residence before I go and search for my first investment property? I hope this question makes sense. Any and all advice you can pass along would be great.  Just want to get started ASAP and I don't want to wait.

Hello everyone,

I’m a new real estate investor in the Minneapolis-St Paul area looking and excited to dive into the game! The approach I’m deciding to take is to “House Hack” a du-plex or a tri-plex. Any advice for a newbie for when taking this approach? Thanks in advance 

Hi bigger pockets!

Brand new to the real estate world and backed out of my first single family deal after reading “set for life.” After reading and researching I've concluded that the house hack is the way for me. I have so many questions on this topic and information on this or any meet ups near Albany, Saratoga, Schentady I’d love to come and just absorb as much knowledge as possible. Thanks I’m advance!

For the past few days I've been weighting out the pros and cons of two properties. Property (A) is a triplex that could use some TLC on the interior and exterior and in a D class neighborhood of the city. Within the last two years several multifamily apartment buildings have be developed in this neighborhood. Therefor I can see potential for this properties' value to increase.

Property (B) is duplex that needs a few repairs on the exterior and in a B class neighborhood of the city. Just by taking a quick drive around the neighborhood, it is obvious that home owners take care of their properties. Not to mention, this property is five minute walking distance from the nearest Medical center.

I will be using FHA to finance either deal and using the house hacking strategy to begin my empire. Given the circumstances, what's more valuable the property's location or the property's potential value?

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $255,555
Cash invested: $30,000

First house hack! Bought this 4 bed 2 bath for $255,555 (20k over asking). House was rent ready and needed no renovations.

Numbers:

Upfront cash invested: $30k

PITI: $1500
Bills: $300
Reserves: $400

Total monthly expenses: $2200

Monthly Gross rents: $2800

Monthly Cashflow: $600

How did you find this deal and how did you negotiate it?

I found the deal on Zillow. It’s in a prime area of DFW, and I knew it would be a multiple offers over listing situation, so I went as far over as my budget would allow. I only beat out the 2nd highest offer by $555!! I had no problems going over listing since I knew it would still cashflow nicely.

How did you finance this deal?

5% down conventional loan

What was the outcome?

$600 a month in cash flow, and a ton equity value due to appreciation.

Hello everyone, I'm trying to get into real estate investing but don't really know where to look. I live in San Diego, so my market is slightly out of my price range. Any suggestions on good areas to invest in rental properties? Looking to build some cash flow. I'm grateful for any input!

 Absolutely, I plan on using house hacking to get started building this portfolio. Planning to buy my first unit this year and move to a new house hack every year after as my main way of building up multiple properties.