All Forum Posts by: Brad Dubis

@Jonathan Chan I'm thinking about joining the mentorship program as I know somebody else (year in) who's having great success. 

Would you say you made your money back on the upfront cost within a year of your membership? Would like to know what I'm realistically up against. This would be a pretty big investment in myself. 

That would be a huge help! Thank you

Thanks for the tip. Makes sense and that's not a bad thought about the circle pad of pavers! I've been experiencing some snags in renting by the room, and I've decided to just rent out the house as a whole now. Less stress for me as I'm self managing.

Looking for some advice! Here's some context in the beginning leading into my concern. 

I'm living in my house right now with my primary residence year ending in a few days. I've been renting out the other bedrooms while living here. My plan is to move out at the end of the year since that's when their leases are ending and rent the house out as a whole. 

My concern is I have a large backyard, and most of it is sand. I had some functional landscaping done recently with a retaining wall, and swells for water flow since it's a sloping backyard. But that was functional. Although it looks great, it doesn't cover my entire backyard.

Generally speaking, should I be concerned about people wanting to rent my entire property if my yard is mostly sand? I know it's probably going to cost a good amount to have pea gravel spread out all over my yard. If there's any cost effective options that are low maintenance I'm on board with it. And I know everybody is different, but I want to create good leads for when I post my ad up for this house. 

Thanks

Hey Matthew -

I'm on my 2nd house hack right now in CO Springs area. Regarding your question I think it comes down to preference & probably how much you have in savings already to invest.

I did a 401k loan for my first house hack & paid it back in about 6 months. I did another one for my current house hack & I'm paying it back in the next couple of months (also 6 months). It's totally a #s game in my opinion. 

I've accessed it bc I didn't have quite enough in savings to cover everything & I was determined to get in my next property asap. It's basically been my own bank (paying yourself back). 

I max out my 401k & HSA yearly & also started house hacking so I can have a diversified portfolio. 

Depends on what your goals are though with real estate. That's what I love about this way of investing. There's many different strategies & it all comes down to your current financial situation & preferences. 

Feel free to reach out with any questions. Hope this helps!

I'm renting my first investment property out starting sometime in Sept/Oct in the Ken Caryl area of CO. Would love some insight on what methods are preferred for tenants. I'm more than likely renting by the room. I see Craigslist and Hotpads you can advertise by the room for free. Are these fairly effective?

Also- What software do you recommend for background and credit checks? I'll be managing the property myself. 

Thanks in advance.