Michael C.
Whats Next??? Whats your strategy??? I NEED HELP!!!
26 July 2019 | 12 replies
I'll break down my situation and my questions so I can get clear answers.Situation:I live (rent) in Los Angeles and am looking to purchase a home to live in.
Deavin Cox
Turning 1K to a million
1 August 2019 | 21 replies
If you do it right you can live rent free or maybe even cash flow a bit positive.
Steven Lam
New Investor from San Jose, California!
30 July 2019 | 23 replies
I too am in a very similar situation as yourself, I just live/rent in San Francisco.
Daniel Bradley
Preparing for a First Deal by Year's End
2 August 2019 | 10 replies
Where I live rent wouldn't even cover PI.
Paul J Perez
Newbie here looking to meet NYC investors
5 August 2019 | 3 replies
I am also an Astoria local (though I’m a transplant) looking to get started in REI.
Mario Gonzalez
looking to house hack in Philly/ NJ investing methods works best?
8 April 2019 | 2 replies
I have the following choices I feel below. 1. move to Philly (which i will soon) and buy a 2 or 3 unit property to house hack with the hope of getting 4-6% cocr after moving out from one year living in one of the units.
2. purchase a townhome in Philly and airbnb it
to cover all cost + cash flow left over3. purchase a single family house and rent out the rooms in Philly to break even. 4. purchase a 2 unit in Clifton NJ and have my family all chip in to pay the mortgage living with free from paying (a not good idea long term + family already does this in a one family house in Paterson which they don't mind )
what i am looking for is 1. to house hack so i can cash flow after living there for 1 year and or break even. 2. force appreciation with light rehab done to the units3. in a C or better class areaI would be doing a conventional loan as i do want to do fha since rates are low now trying to see which method would yield me to cash flow / live rent free with some cash flow. i read many books and all say you profit when you buy so i want to buy right. i can buy up to 420k and currently no debt.
Mario Gonzalez
Any philly investors with more than one Multi units ??
4 April 2019 | 2 replies
i would be doing a conventional loan as i do want to do fha since rates are low now trying to see which method would yield me to cash flow / live rent free with some cash flow. i read many books and all say you profit when you buy so i want to buy right. i can buy up to 420k and no debt. what method makes the most sense?
Christian Beserra
House hacking in HOA community?
1 April 2019 | 4 replies
My mother in law right now is under the care of her son in San Francisco, She has liver cancer, too weak to travel, so we doubt she'll ever return to her coop.
Kate Batals
Helping my 60 year old Mother start investing in RE
31 March 2019 | 7 replies
I was thinking of maybe buying a condo or duplex next that she can rent from me for a very low price or live rent free when she is older.I am just trying to help my mother find a way to have her money work for her.
Peter Ricca
Grade my first house Hack. How do my numbers look?
4 April 2019 | 9 replies
option 1 mortage 3508 monthfront house potential income 2950 monthdifference $558 month expense to live in 1 bedroom ,currently paying 1858 monthless potential 558 month savings of 1300 month, x 12 months = 15,600 annual savings toward the next investment.this is a payout of 558 x 12 = $6690 year Option 2 rent front house 2950 rental incomerent back house 1650. rental incometotal rental income 4600, monthless mortage 3508.positive cash flow 1092.00 month. x 12 months = 13,104 positive cash flow income. option 1now take that 1092.00 month toward another purchase in that less expensive market and live rent free....option 2 or use to drop rent at preexisting house 2020.-1092.= 928 rent and two others are paying off your home . that is the options I see in 15 minutes of planning.