All Forum Posts by: Brendan Mullenholz

Excited to join this group! I’m in Northern Virginia, looking for long term rentals in and out of state. Maybe a flip if I find a partner contractor. Goal is to have my mom retire and never worry about money again! 

Hi everyone,

I'm about to purchase my first rental property, which I also plan to live in initially. Currently, I’m renting elsewhere, but the property I’m looking at is just a couple of miles from where I live in Baltimore.

The house is being auctioned, and touring it in person doesn’t seem possible. That’s making me a bit nervous—especially since, as a first-time buyer, I haven’t seen the house inside and out beyond the listing photos (even though a few of my real estate entrepreneur friends are helping me).

I’ve noticed recent trends showing a ~0.5% dip in home prices and expect there might be more to come.

What’s one thing you’d absolutely make sure to check when buying an auctioned property—especially if you can’t tour it?

Appreciate any advice from experienced investors here.

Thanks!

Is it better to rent or flip a house? 

Hello,

I am new to investing and have a question about my primary residence in fort worth TX. I moved to another state for a job. I have been trying to seel my phone but have not had much luck due to the market. I owe about $292,000 and asking for $305,000. My company will cover the realtor fees and closing costs due to a relocation package. My monthly payment is $2562 a month for mortageg, tax and insurance. If I rent it out I might can get $2100-2300. Do i continue to wait it out and try to sell or do i look to rent it out even though I won't cash flow on the home?

Hello, 

I’m a 39-year-old first-time homebuyer based in the DFW area with two school-aged kids. My budget for a single-family home is $700k–$750k (planning to put 20% down), and I have a separate savings pool set aside for real estate investing. I’ve been actively searching for several months, have a pre-approval letter, and am working with a good agent, but I haven’t found the right home yet. My main requirements are: • At least 2 bedrooms downstairs (for family needs) • Within a 30-minute commute to my office • Family-friendly area Given my goal to start investing in real estate soon, I’m considering two options: • Option 1: Buy a 2–4 unit multifamily property (duplex, triplex, or fourplex), live in one unit (house hack), and rent out the others. This would let me both secure a home and start investing right away, while continuing to look for a single-family home without pressure. • Option 2: Buy a single-family home first for my family, then look for a multifamily investment property later. Currently, I’m renting an apartment and paying $2,600/month. For families in a similar situation or experienced investors in DFW: • What are the pros and cons of house hacking with a small multifamily as a first purchase in this market, especially with kids? • Would you recommend prioritizing the single-family home for stability, or is it feasible to house hack with a family in DFW? • How do you weigh lifestyle needs vs. investment strategy for a first purchase? Appreciate any advice or experiences you can share!

Hey! So i have a 2 part question. First time investor in real estate and i wanted to get insight in buying property out of state and renting long term. Is this a good idea. Second, I have 60k in home equity that i want to use, what type of loans would be best to use my home equity? Thanks in advance

Hello everyone, I am a new investor who has recently just purchased my first rental property and I am excited to connect with the bigger pockets community. I am in the Baltimore/Washington area. I love the real estate rookie podcast and I am always looking to connect and learn from new people. I look forward to interacting with everyone!

Hello,

I am 25 years old and interested in getting started in real estate. I currently have a job that pays 70k in the DC area and I am just scraping by, and I am catching wind that layoffs will happen soon. I received a large inheritance from my deceased grandfather (500k) and it is tied up in stocks and mutuals funds. I know the safest route will be to leave it in the market and let it grow but I really truly am interested in real estate investing and cannot stomach continuing to pay 2k in rent when I could be building equity. My family has some experience but I am most interested in buying a fixer upper all cash and flipping it in the louisville/midwest area. If you were in my shoes, what would you do to escape the 9-5 grind and make real estate investing a full time gig? I dont want to lose everything of course so am prepared to start small with low risk properties and live at home if I have to. Thanks.