Bruce B. Lee
Hello, BiggerPockets! House Hacking Help Needed!
20 January 2025 | 2 replies
i wouldn't tell you where you should move since i don't know you.also, a lender would be in the best position to advise whether you qualify for a specific loan.
Emeka Okeke
Ready to get to it
23 January 2025 | 7 replies
By house hacking, you're immediately positioned as a landlord, which will adequately pressure you to learn how to structure your leases, screen applications, collect rental payments, resolve the nuances of managing tenants and addressing property issues, etc.
Matt McNabb
Building Future Cashflow Portfolio
15 January 2025 | 14 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Kyle Carter
Lets Connect Together
23 January 2025 | 7 replies
Your strong foundation in the stock market and tech background positions you well for success in real estate investing.
Vikas Jain
STRSearch Has anyone used them or have feedback? Any other competitors?
22 January 2025 | 5 replies
Have others used them and had a positive experience?
Jade Frank
New to real estate investing
30 January 2025 | 5 replies
I recommend you hold your cash position for 12 months.
Jai Windish
Central Illinois Rookie
30 January 2025 | 11 replies
I'm totally good with some sweat equity but I'm not in a position to do Roof, siding, structural repairs and such.
Khyree Randall
Wholesaling around a 9-5
29 January 2025 | 5 replies
Here’s my honest advise; consider studying for and obtaining your real estate sales license, and obtain a part time position with a real estate agency that will provide training, guidance, and oversight.
Bob Judge
New Member Introduction
25 January 2025 | 6 replies
I would greatly appreciate any guidance, resources, or recommendations you may have for someone in my position.
Surya S Kumaresan
Newbie - Here to learn about Rentals, House Hacking and Flipping!!
29 January 2025 | 4 replies
@Surya S KumaresanYou're in a great position to grow your real estate portfolio in Atlanta, a market with strong appreciation and rental demand.