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Results (10,000+)
Gino Barbaro Closed on a 4 Unit!!
10 April 2024 | 15 replies
It fits within our buy right criteriaWe own 12 units right next door.Newer vintageThe three beds are in high demand, and we are blowing away the 1% ruleThere is very little cap exWe focus on PPU (profit per unit), and this is going to profit nicely and add to our scale in that part of the marketExit strategy is to refinance our capital out when rates drop, and to hold long term.You have to be willing to take what the defense gives you, and you have to understand all of the investing strategies and know when to use them2021 and 2022, we only did about 200 units, smaller deals, but very profitable and we’ve refinanced all of our capital.2023 was an excellent year. 128 units, 105 units, and 97 units.If you aren’t doing deals, you can always be improving operations, meeting more potential investors, and creating more relationships.Life is like real estate.
Tracy Scott Common House Hacking Costs
9 April 2024 | 19 replies
...if the vacancies are frequent or extended, it can be a big expense, so I analyze this thoroughly.As for house-hacking specific costs, there are things like furniture/appliances/decor for the common areas of the house, costs of screening applicants (like background checks), cost to advertise, the time and effort required to manage a house hack, etc.  ...although these expenses are worth consideration, they tend to be much smaller and almost inconsequential compared to the big capex expenses that can come with buying the wrong property (e.g.; you might spend a couple hundred bucks on tenant screening, but a new roof might cost $20k+).Back when I was house hacking regularly, one of the most significant "costs" was the cost of my time and effort to acquire tenants (which includes all the time and effort of posting ads, responding to inquiries, answering questions, doing viewings, screening applicants, managing tenants once they were in-place, etc.).
Pandu Chimata Adding a lien holder to the property title
10 April 2024 | 6 replies
Depending on how elaborate the note is or whether it's simple and fixed rate will and if it's in a primary or secondary position will determine the overall cost.
Bryce Kennebeck House hacking, 20% down, with an LLC?
10 April 2024 | 4 replies
Unless rates have dropped or stayed close to the same than a cashout refinance might work and take some money out. 
Allan Wu Under contract - is it too late to cancel?
9 April 2024 | 8 replies
Since then my rates have gone up and the deal isn't as attractive.
Josh Edelman Market Recap for April + News!
9 April 2024 | 1 reply
🏠📈 Real Estate Update 📉🏠Here's the latest market report (based on single family homes):🏡 Mortgage Rates:30-year conventional rate today is 7.01%30-year VA rate today is 6.46% 💰 Median Sales Price:February: $460,000March: $475,000📈 New Listings:February: 1,669March: 1,798📅 Median Days on Market Until Sale:February: 21March: 16⚾ Oakland A's Move to Sacramento for Interim Ballpark: The Oakland A's have announced their relocation to Sutter Health Park in Sacramento starting next season, sharing the Minor League stadium with the San Francisco Giants' Triple A team, the Rivercats.
Madberry W. We have 128 acres of land - how best to leverage for a profit
10 April 2024 | 4 replies
You can use this tool to figure out that part: https://docs.google.com/document/d/100dRzu-iQEIZbR1adxIASdH2...Once you have that you should engage a local broker to discuss the options for those types of uses in your market and they will be able to help you understand the overall picture and cap rates of the various options.
Katelynn Quinn So stuck on this one.... San Diego 2 Family worth it for under 1mil?
10 April 2024 | 6 replies
Prices are at all time high and rates are near highest in past decade. 
Manny Martinez CASH OUT REFINANCE
9 April 2024 | 16 replies
Pretty good rates on the refinance if so.
Caleb Graham Does house hacking in a high(er) cost of living area make sense?
9 April 2024 | 16 replies
At this interest rate and with current rents it won't cash-flow for many years.