Hey everyone,Not sure if this is the right place to post this but figure would ask here :-)I’ve been a big fan of BP for a while and have started saving money for my first property. I have a property now that I became...
I'm 21 y.o. in the Pittsburgh Area; I've been researching REI for the past year.
I'm working a minimum wage job, at this rate it's going to take me at least 5+ years to save up enough money for a down payment.
Is ...
So this is a total newbie question but how do you guys handle your reserves? On a rental that’s renting 1500 a month and saving 15% ($225, 5% capex, 5% maintenance, 5% vacancy) it just seems low to me. Am I just being...
So we’re planning on house hacking and getting into a 2 BR1BA duplex it’s currently priced at 160K the property is pretty much already rehabbed other than a few minor things (which is important to the wife for our fir...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $705,000
Cash invested: $70,000
Classic house hack situation, with a TON of mistakes/lessons learned.
This...
Hello BP community,I’m a young engineer and just moved to Connecticut for work. Graduated in 2015 and want to begin investing in real estate.I recently just purchased a multi-family house (4 units) last month using a ...
My wife and I are 27 and looking for our first home. My goal is to buy my first house for around $180 or less, live there for a year or so, buy a second house to live in, then rent out the first house.
The issue is m...
Fannie Mae made an enormous announcement this week that impacts anyone seeking to house hack – they reduced their downpayment requirements on 2-4 unit properties to 5%. This is a massive difference from the 15%-20% d...
Hey everyone!
I am looking to purchase my first house/investment property. I am looking at multi units, duplexes or quad and I have a couple of questions.
• Is it worth me getting the FHA becaus...
Ive been struggling with the following situation and would love other's input. What i've been reading so far regarding house hacking seems to not address the following situation. I live in NYC where we all know its a ...