Tim Holt
House Hacking in Rhode Island
10 December 2024 | 6 replies
The only way to answer that in general (whether house hacking in today's market is still a good option) or for a particular property, is to learn how to run the numbers and analyze a specific property to see whether it will be able to stand on its own as an investment when you move out someday.There are a lot of resources here on BP for doing that but I'd just say, make sure the assumptions you're putting into your spreadsheet or deal analyzer are realistic.Make sure the rents (especially for vacant units or pro-forma #s) are realistic by doing your own rent comps; make sure the mortgage rate is realistic by doing some research online and/or talking to some mortgage folks; make sure insurance #s are realistic by getting a couple of quotes for the # of units and zip code / area you're looking in; etc.I hope that helps, and good luck đ
Kerry G.
What are good resources for short term rental laws
5 December 2024 | 10 replies
check the local municipal code, most are online.
Julian Martinez
Biggest & Best House in C- Neighborhood - Sell or Keep as Rental?
7 December 2024 | 4 replies
For me personally, I consider it a B neighborhood because it's walking distance to so many amenities, and I felt mostly safe raising my family there, but not everyone is comfortable living in a developing area.Last year (2024), we moved out of the home and converted it into a rental.
Mary Lopez
How to find a Commercial Multifamily Loan <$1M
12 December 2024 | 37 replies
When I did an online search for commercial multifamily lenders, most have a minimum lending requirement of $1M and I don't need that much.Â
Turgut Oz
What is the best set up for Series LLC? Checking account and overall structure
25 November 2024 | 12 replies
I'm leaning towards separate bank accounts to be safe.
James Masotti
Project management software - how do you manage your projects?
17 December 2024 | 17 replies
You can create your own, or there are house flipping spreadsheet templates available onlineÂ
Blake Grzybowski
Can't find Pre-Foreclosure Properties
15 December 2024 | 8 replies
Search for this in a Michigan Public Notice legal newspaper or an online legal notice aggregator site like USALEGALNOTICES and the fount of MI pre FC/FC data will be available to you.
Jonathan Vinas
Can STRs Work w/ Restrictions In North Nj / NY Self Managed Lake House or Cabins?
24 December 2024 | 25 replies
I've seen some conflicting information online, so getting it right from someone who does it would be amazing!
Julian Martinez
To Sell or Keep as Rental? Best House in NOT the Best Neighborhood
3 December 2024 | 1 reply
.- Located in a C- to B neighborhoodâclose to amenities and mostly safe but not for everyone.- Converted to a rental in 2024; initially rented for $4,750/month, but tenants moved out, and the soft Bay Area rental market has made filling it challenging.
Christopher Morris
Is Relying on Cash Flow Feasible?
13 January 2025 | 57 replies
Today I would probably figure out to make money online with AI, that's an opportunity that did not exist in this form.