Challenges?

@Matt RollinsSince your goal is to replace your W2 income through real estate within 10 years, starting with a house hack is a smart move, but Utah’s high prices may make it challenging to cash flow.

With a Condo, couple things to note:1) Financing can be a challenge, but as long as the building is in good condition, you should be fine.

However, some of the best cash-flowing markets on paper can also come with the biggest management challenges.

Challenges?

I’d challenge you to go approach any sponsor and and ask them what percent of the deal they’d take.

Challenges?

Meanwhile, my current carrier increased their estimated rebuild cost from ~$1.6M to ~$2.6M to justify their premium hike.Most other quotes I received estimated replacement costs between $1.3M and $1.7M, but finding a carrier willing to underwrite this policy has been challenging.

This season often poses challenges in attracting tenants.

If you can rehab and refinance (BRRRR) to extract all investment and achieve neutral cash flow you would have infinite return (most of my RE investments have achieved infinite return but the cash neutral has in particular gotten a lot more challenging when the rates rose starting Q2 of 2022).Any money extracted via a refinance is tax deferred.