17 June 2020 | 10 replies
Few years ago I started feeling there is a need to earn more to support our growing needs perhaps with a second job but that would take away my personal time with my family .I got inspired with my previous landlord who was house hacking with a multifamily, started researching BP and started devouring every resource that came my way and took a big leap of faith and invested in my first multifamily without getting stuck in an analysis paralysis mode upon analysing few deals.While I do like the passive income aspect of a multifamily, I am feeling it's more than second job as it consumes me so much more emotionally and taking me away from my family and I sometimes start feeling if I introduced a new problem to solve an existing problem with this multi-family investment.I am generally a warmly friendly person but ever since I bought my first multi-family and started renting I feel like I have turned somewhat cold.
17 June 2020 | 4 replies
Great as I'm not overleveraged at all, but I consume a lot of capital.
17 June 2020 | 3 replies
After months of reading this blog and several bigger pocket books I have paid all my consumer debt off and am currently house hacking a row home in Baltimore with my fiance and a roommate.
17 June 2020 | 2 replies
Personally, I bought what I thought would be my "forever" home in 2014 and sold it in 2018.
6 October 2021 | 6 replies
Depending on the amount of units you manage, there is either a good choice to go for the consumer type software that do most that you asked, or if you look for more robust PMS for a larger portfolio, Appfolio, Buildium, ManageCasa and Propertyware might be a good choice as their software is a lot more robust.
23 June 2020 | 6 replies
@George DespotopoulosI do plan to hold forever, but i do need to cash out as most are free and clear so I have a lot of capital tied up, enough to double my current portfolio size.
24 June 2020 | 12 replies
I find that whenever we reduce rent, tenants get the expectation that if you did it before - you'll do it forever.
17 June 2020 | 11 replies
However I'd still try to modify the design because it does seem really weird from a consumer's perspective, and it also seems like the current/ old version doesn't have the stove next to the sink so it is doable.
19 June 2020 | 10 replies
Apparently it has been going for ever and they never told us....so there is water damage and also mold.
19 June 2020 | 25 replies
The renovation piece of the BRRRR strategy makes it a significantly more time consuming and risky endeavor (you do get paid for that time and risk in additional profits though).