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3 January 2025 | 19 replies
If you have favorable terms on those first mortgages, you might find that a HELOC or a second-position loan is more cost-effective than doing a full refinance or a DSCR loan.
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9 January 2025 | 32 replies
BTW, the rental property is cash flow positive.
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2 January 2025 | 6 replies
Getting the federal return correct is the most important and with owning two properties, there could be some positive tax benefits.
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10 January 2025 | 12 replies
Are we allowed to post links to zillow or other websites here?
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31 December 2024 | 11 replies
Pretty much any regular bank / lender is going to require themselves to be in first position on all the properties... so I don't think a HELOC type solution is going to work across multiple properties with multiple lenders.
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3 January 2025 | 10 replies
Most mentors are more oriented toward the positive mental attitude of slugging through finding a property, which can be trying to a lot of people.
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4 January 2025 | 23 replies
That’s absolutely great and wonderful for the investors who are in the position to stabilize that!!!
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31 December 2024 | 5 replies
You can also buy lists off websites and get lists off FB for a cost as well.
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6 January 2025 | 9 replies
While it's positive after expenses and has potential for improvement in year two, it’s been a bigger hassle than anticipated and taking attention from other priorities and areas of our life with not enough return.
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8 January 2025 | 11 replies
I was in a similar position a few years ago, but fortunately got married and our combined incomes helped us qualify for a larger house hack.We're on our second one in NOVA, Alexandria to be exact, and instead of rent by the room, we are renting out our walkout basement on Airbnb to monthly guests.That said, we have a number of friends doing well with rent by the room across NOVA, though they're purchasing homes with 5+ rooms or finding homes that can be renovated to include that setup.I'd recommend attending meetups such as the one I cohost, NOVA REI or Cashflow Breakfast Club or any of the others to meet those who are house hacking.