All Forum Posts by: Austin McCasland
Austin McCasland has started 2 posts and replied 6 times.
Quote from @Don Konipol:
Quote from @Austin McCasland:
Has anyone found success in renting to four tenants in a 4/2 house? Any complications that make you think doing a 2 tenant max would be a better option? What strategies have you found effective at increasing renter capacity other than increasing square footage?
Thanks in advance! Love y’all!
Quote from @Jamie Banks:
You can start the process with just one! I had two properties that I set up at once and I directly started reaching out to corporations, agencies, etc. There are some that will give you feedback that they prefer to work with providers who have 5+ units but it’s still great to start the relationship now. I’ve had more luck targeting smaller relocation companies and placement companies who are local to the areas that I operate in.
Great point. What size portfolio would you recommend before reaching out to hospital HR to percent yourself as a housing solution for their traveling employees?
Quote from @Jamie Banks:
I think it’ll all depend on if the renters are related / traveling together or not. In my personal experience, renting by the room is most successful when each person has their own bathroom. However, if you rent the 4 bedroom to a family, for example, or a group of digital nomads, travel nurses, etc you will have better luck.
Has anyone found success in renting to four tenants in a 4/2 house? Any complications that make you think doing a 2 tenant max would be a better option? What strategies have you found effective at increasing renter capacity other than increasing square footage?
Thanks in advance! Love y’all!
Post: Cash-out refi on primary residence to start investing?
- Posts 6
- Votes 0
Hey everyone,
My wife and I are looking to take practical steps to begin investing in real estate. We both work and have discretionary income at the end of each month which we could save up for 1-2 years to buy our first rental property. However, we also have some sizable equity in our home which we could access through a cash-out refi, allowing us to take advantage of more deals in a much shorter timespan. We're close to owning our home free and clear, but intend to sell and move out of this house in 3-5 years. I'd appreciate input from anyone with more insight to explain why a cash-out refi may or may not be a wise action plan. Thank you in advance!