All Forum Posts by: Alex Smith
Alex Smith has started 2 posts and replied 5 times.
Post: How do I figure out how much I need for a househack?
- Posts 5
- Votes 8
You should be able to obtain a 3.5%-5% down on an FHA loan from lenders in the area. In regards to your current monetary situation, I wouldn't necessarily count on the $5k raise (you never know what will happen or will not happen). I would look into what you are spending your money on currently and see what you could cut back on. I would also see if there are any other jobs out there at different companies. I think in general, that is probably the fastest way to gain a pay raise, at the very least, you get experience interviewing and that isn't a bad thing. If moving companies is out of the equation, take a peek into what you are spending your money on each month and what you can cut back on. Retaining the dollars that you have already made is always a good option.
I think Nicholas is right in the above post though, you want to make sure that your buy doesn't completely wipe you because there are always the chances that something will come up or you have a vacancy.
Best of luck
Quote from @Nicholas Coulter:
@Alex Smith I would do the agent finder here on BP! Its a great resource to find qualified investor friendly agents.
I appreciate that, will take a peak at it.
Quote from @Luther Wilson III:
You might want to reach out to Caleb Brown. He's active here on BP... Are you wanting to do a single-family home or maybe a duplex or quadplex? You can still make it happen. It's ever important to pick the right location and type of property...
My wife and I were were considering a house hack in the Kansas City area and were wondering of any realtors that had specialized in this type of real estate in the area. If there was anyone that folks would recommend, I would appreciate it.
Post: Automating a Smartlock on a Rental Property
- Posts 5
- Votes 8
I was curious as to what other folks have used for a smartlock number generator for a rental property? I have been looking at Rboyapps as well as Aurmur and was going to use a Schlage smart lock. My goal is to have the tenant enter their phone number into a given field and have the last 4 digits be the code to get into the property and have that reset once the allotted rental time was up. I would also have a standardized code for cleaners, property manager, etc.
I was also curious as to what property owners had used to automatically send a communication to cleaners to come by after the renter has left the property. This would be an out-of-state property, I will be using a property manager to look over things, but I was trying to set up a proper system as this would be the first STR property.