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10 December 2024 | 6 replies
Hi @Tim Holt I think in general house hacking is usually a good move because it gets you off the sidelines and into the game with the most favorable financing possible (30 year fixed).There's a lot of value in getting started today vs waiting some undefined number of years until conditions are better, which could be a long time from now, because real estate is a business and the sooner you start actually learning about that business, the better.With all that said, I always recommend that people analyze any potential house hack as a pure investment that they aren't going to live in, because someday they may want to move out and you should know up front (before you commit) whether you're going to be able to do that, or whether you're overpaying and will be stuck in the property unable to move out because it'll be cash flow negative if you do.So you had it exactly right when you wrote, "the property would need to cash flow when I move out and rent out all units."
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11 December 2024 | 12 replies
Founded by Chris Naugle, the visionary behind Private Money Club, The Success Team focuses on helping committed individuals like you achieve lasting success.
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9 December 2024 | 15 replies
While every forecast involves variables, we strive to provide the most realistic and actionable data possible so every owner can make the best decision for themselves.We take pride in our transparency, dedication, and commitment to creating successful partnerships.
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15 December 2024 | 13 replies
It would be quite costly converting away from propane and due to high electricity cost i suspect t not warranted.
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16 December 2024 | 21 replies
I would not make this a legal matter, but you will have to decide if you want to commit to living with this landlord.
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9 December 2024 | 7 replies
I let them run to the end of the year as m-t-m, then send a rent raise letter, usually for $25 or $50, on or about Nov 1, effective Jan 1.
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10 December 2024 | 26 replies
Example someone has 2 million down payment they buy something NNN at 5 million and I make 150,000 in about 60 days for about 20 hours of time depending on how complex the deal is.I am just tired of newbies being told bullsh*t.
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6 December 2024 | 13 replies
If there are any crimes being committed, the person committing them should be me (that's a joke).
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30 December 2024 | 89 replies
But, you need to understand the intensity, time commitment, capital needed, and skill set required.