All Forum Posts by: Kevin Zolea

@Jake Drappi No problem! I'm doing good. Experiencing my first turnover so just trying to rehab and get it back on market. 

@Sal Orlando Yes, I just moved here from central NJ to house hack. Nice to meet you as well!

In my opinion, based on the info you provided it doesn't seem like a bad deal. It all depends on what your goals are.

@Sal Orlando Are you accounting for reserves such as repairs, capex, property management, etc?

@Steve Keisling I only have one property but I put their security deposit in a savings account.

Hey @Braheme Days! I would recommend checking out https://www.biggerpockets.com/...

Also, Lili Thompson on youtube has some really good content for people looking to get started.

@Jake Drappi Congrats man! 

@Jay Thomas I just started a few months ago but so far I would say the pros are I’m learning how to deal with tenants, how to handle maintenance requests, how the rehab process works, I will have more cash flow since I’m doing it ( which is good at this point in my investing because I’m focused on cash flow), and that once I do decide to hire a PM I will know what to look for. The cons would be it can sometimes be time consuming, stressful, and there’s a bit of a learning curve. I have learned a ton so far which will definitely help with future purchases.

@Darius Williams I’d analyze it with you living there and when you move out

@Albric Rosa In my opinion, it would be best to save enough money where you can afford the down payment and at least 6 months of reserves. If for some reason your tenant doesn’t pay rent, how would you be able to pay for your mortgage? Or what happens if an unexpected repair happens? You want to be able to weather the storm, whatever that storm may be.

@Ben Muska yeah it’s definitely a lot tougher nowadays! I’m paying around $500 out of pocket for my house hack. I’d say anything less then what you’d be renting for and having it cash flow once you move out is a win! Just keep getting out there and making offers. You’ll land something soon enough!