Biggest thing I learned from my first house hack was to not be afraid of repairs.

These improvements enhanced the property's appeal and market value, showcasing Partner Driven's commitment to quality and maximizing returns.

These tools streamline your analysis and improve your due diligence.Finally, build relationships with sellers, property managers, and agents.

For extra formality, put it on a nice document with your letterhead.Re: Non-Binding Letter of Intent to Purchase Real Property Located at [Property Address]Dear [Recipient's Name]:This non-binding Letter of Intent ("LOI") is submitted by [Your Name] (the "Buyer") to [Recipient's Name] (the "Seller") with the intention of setting forth certain preliminary terms and conditions for the proposed acquisition of the real property located at [Property Address], inclusive of all improvements, appurtenances, and fixtures thereon (the "Property").Purchase PriceThe Buyer hereby proposes to purchase the Property for a total consideration of $[Amount] (the "Purchase Price"), which shall be subject to adjustment based on the results of the due diligence investigations and final negotiations.Earnest Money DepositContingent upon the execution of a definitive Purchase and Sale Agreement (the "PSA"), the Buyer shall deposit earnest money in the amount of $[Amount] (the "Earnest Money") into an escrow account designated by the mutual agreement of the parties.

Our houses in the $1,195-$1,395 range are renting within 25 days while the higher rentals are not getting the traction to rent quickly.

We still have the house and paid it off a few years ago.

Hi All,I am a dormant RE investor with a few rental houses in Houston area and trying to get more active and scale up.

In a perfect world, a small multi-family or home with a walk-out basement to house hack sounds ideal.

@Vinvi Gucci, a few questions/comments:I would think YOU (and your wife) through your LLC should be getting a loan buy/refinance the house AND transfer the deed solely to your LLC at the same time.

A house hack where I live in one unit and rent out the other.