Updated over 5 years ago on . Most recent reply
First Deal - House Hacking
Hello Everyone,
Like I said I am pretty new here, like really new. And right now I am trying to do what I can to educate myself on Real Estate and the many components that make it a remarkable tool to create financial freedom.
I have begun reading books written by many successful investors, including those from BiggerPockets. As well as listening to podcasts, attending webinars, and occasionally meetups (where I am certainly a black sheep). I am also considering studying and obtaining my Real Estate License and wanted to see if other's have found great foundational success from achieving their's or if it is a pursuit in the wrong direction of owning and managing my own multifamily portfolio.
I am very interested in hearing what ways other's have found value in certain learning tools or practices. Feel free to throw anything at me as I am eager to learn and develop within this industry.
A more specific question; I am currently practicing analyzing deals. My ideal situation is to enter into a house hacking type of strategy. When running these calculations do you assume the unite you are using is renting at $0? Or, do you figuratively assign it a "rent" figure to support the overall Cashflow (or potential cashflow) of the property?
I look forward to hearing from anyone and everyone as many of us are spending plenty of time indoors.
Thank you in advance and all be well!
