House hacking can be a great way to reduce living expenses and get started in real estate.To decide if a property is a superb investment for house hacking, conduct a economic analysis with the aid of calculating capacity cash drift, thinking about financing alternatives, and evaluating the return on investment (ROI).

Hi there BP Members,I have a question on how to evaluate when to Sell or Hold or Develop.Sell or 1031 Exchange a property vs.

Once I chose someone, Vitudesk set me up with a manager who would assist me in evaluating the caller's performance, making suggestions to improve results, and monitoring the caller's screen time.Sometimes, it can take days or weeks to find someone good, and it can take months to find someone who is good AND is in it for the long haul. 

Online real estate forums, local investor networks, or social media groups can be great resources for finding success stories and experiences from investors who have achieved positive outcomes in lower competition markets.Analyze the property: When evaluating an available property, you should conduct a thorough analysis.

I run a fairly large plumbing company with 20 employees and even my company gets only a few calls every year for sewage ejector pumps and since the pumps and pits are so nasty we turn the calls away.It is impossible for a plumber's snake to ruin a sewage ejector pump and they are made to handle Tampons and baby wipes.

Very succinctly summarizes many of the techniques I use myself when evaluating properties, the most critical of which is filtering out those listings of $1k/night from the owner that just rents out their unit 3-5x/year and blocks it off as unavailable the other 300 days/year.

I believe the DLBA offers it to the next highest bidder.One other potential scenario is the winning buyer was willing to pay ~$100,000 for this house AND they are a city employee or has a relative that is a city employee.

You'll also need to learn a lot about the adult-care industry - insurance and licenses needed, how to find employees, budgeting, how to find tenants/patients, etc.

When evaluating such deals, when does it make sense to purchase a property that can be fixed and refinanced to maintain ownership, while also allowing for the construction of a duplex on the additional lot, thus maximizing the return on investment for both the lot and the property?

Hi David, be sure to conduct thorough due diligence on the property and evaluate its investment potential before proceeding with any financing arrangement.