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 š
Silas Melson
Estimating Rehab Costs
14 December 2024 | 15 replies
A good tip is to reach out to contractors, visit local supply stores, and check out online resources for cost ranges.
John Williams
short term rental or longterm for more cash?
16 December 2024 | 14 replies
I don't care what anyone online says if you live there and have tenants at your home it will be a job.Ā
James French
Private money club with Chris Naugle
11 December 2024 | 12 replies
I just can't find ANYTHING online that isn't from Chris or his team.Ā
Saika Maeda
ADU permit or not; financial implications
20 December 2024 | 27 replies
@Saika MaedaĀ Permitting the ADU allows you to claim depreciation, operating expenses, and other tax deductions, potentially reducing your taxable rental income.
Celine Li
"Which out-of-state cities are good for investing now?"
16 December 2024 | 23 replies
If you work a day job in addition to your plans to pursue real estate in this way, then focusing in 1 city/MSA will drastically reduce your time spent focused outside your job, allowing you to keep your income high, your job safe, and your problems simpler.
Elise Bickel Tauber
The TRUE cost of renewals and how to save yourself thousands!
3 December 2024 | 0 replies
If not, then serve the non-renewal and prepare to turn the unit as efficiently as possible to reduce costs and vacancy.
Jeremy C.
Leasing Broker career path
7 December 2024 | 1 reply
Review their online financials/annual statements.
Fakaradin Floyd
Advice on my STR pitch and overall Rental Arbitrage advice (Alexandria VA)
30 December 2024 | 89 replies
I've joined facebook groups and looking around online for a mentor in the city or near the city I plan to invest in, I've connected with someone and plan to speak to them monday but nothing is promised but I'll look into them again.
Paul Cijunelis
Started a new PM!
5 December 2024 | 4 replies
It reduces the ābouncing ballā effect of tasks being passed between departments.Ā