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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 😊
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7 December 2024 | 60 replies
Anyway that's it for now, back to the grind, cheers folks!
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7 December 2024 | 12 replies
Quote from @Avi Manthe: Hi Folks,My name is Avi, and I have previous experience with buying 2Â rental properties in the past, along with working in property management for several years.
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10 December 2024 | 26 replies
Like the Martel folks currently who charge 15k or so to tie into their network..
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14 January 2025 | 329 replies
@Debbie I am about to buy a duplex and that is my plan as well (section 8 tenants only) ... right now that is the only recession proof return on my investment I can think of because even folks with "good jobs" may be furloughed or laid off in the next year.
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9 December 2024 | 21 replies
Quote from @Himateja Madala: Hey folks,I am brand new to STR's and am here looking for suggestions around STR in Kissimmee area.
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13 December 2024 | 18 replies
Just as much as you compare yourself to others that got lucky (literally, they could have lost their butts too) with better investments/markets, you also need to consider the folks that never invested, live paycheck to paycheck, etc...Markets that got away for me: Frisco/breckenridge/summit county (Never could have bought there anyway, just hurts I probably won't be able to)Denver/Co springs: Own one here, but from 2018-2022 a lot of values doubled, I purchased january 2022.
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19 December 2024 | 55 replies
for some of us "regular folks", a tidbit of info here to lower the appetite if you are not in that class of investments:"Regulation D, Rule 506(c)" refers to a specific exemption under the U.S.
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9 December 2024 | 14 replies
We cater to us older folk that didn't grow up with all these subscriptions and when they go on vacation they want to press a button and tell the remote what channel they want😄 We have big smart TV's that they love and if inclined can use a subscription, but then they have to figure out how to sign out of them.
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6 December 2024 | 1 reply
I've seen a few folks make that kind of jump, and it's not as off-the-wall as some might think.