What other option were you considering?

Hi all,I'm looking to house hack in the next year or two and have been connecting with brokers and looking on Redfin, Zillow, Movoto, etc.I'd really prefer to buy a Triplex or Quadplex, but I'm having a hard time finding many if any options.

I frustratingly see so many deal offers, particularly in Multi-Family space, where GP/sponsor is putting nothing or next to nothing into the equity portion and is collecting 2-3% acquisition fee/ 0.5-1% loan origination fee/ 1.5% yearly asset management fee/ 1-2% disposition fee and then 50/50 splits to 60/40 splits over fairly modest hurdle rates of like 14-15%, and it seems this latter structure incentivizes GP to take more risks particularly with debt options.

We have discussed the option of selling to get the equity out of 'co-ownership' so that we can use the capital to pursue other opportunities. 

There are many 30-year options for this with nationwide or even Texas regional lenders

With that information in hand you can look at various options based on their projected yield.

Sometimes it's too close for comfort with friends, but friends of friends are a great option.

Is there a recommended option for washer/dryer that doesn't require coins/bills but instead takes phone pay or a card, so that both tenants and prop managers don't have to deal with coins and bills?

Might be worth chatting with the great folks at Dirtfish if they would be willing to promote your vacation rental or even package it, they have wealthy clients coming from out of town regularly, and the local hotels are very expensive....any vacation rentals close by would probably make excellent options.

Hey Andrew, happy to give some different options!