All Forum Posts by: Casey Cole

Hey all, on average how many leads does it take for a vacancy to be filled for you?

My logic is, if I am above the average, then I should be charging more rent to even out my supply and demand. What do you think?

@Gorden Lopes

Thank you! I will DM you about that flip. I did just recently join the Madison county REIA, and I'm patiently waiting for the next meetup :)

@Zach Grigg

Thank you for the advice! I have that book actually, and have read it once and a half. I have a thorough spreadsheet for myself. The thing that I’m anxious about is if my estimates are correct!

For example, how do I know if my estimate for water/electrical bill is correct (assuming of course that it is within my expenses and not my tenants)? If I’m off by more than $50, that could crush my calculated cash flow right there, couldn’t it?

Hello all! I just moved to Huntsville and I am very excited to begin my REI adventure. Initially, my plan was to house hack multi-family homes, however it seems that those are few and far between here. So, I'm pivoting to finding a SFH that I can live in while renting out the other rooms.

I am also excited to meet people in this space and to build up a team. I’m going to try to hunt down some meetups, if they exist here.

One of the things I am most concerned about is accurately analyzing deals. Any advice or resources on how I can be sure that I’m not missing anything in an analysis that will come back to bite me later?

Hello Zach,

I think we are both in the same boat! I just moved to Huntsville and am excited to meet new people and find some great properties.

@Casey Cole

Well, apparently I’m also still trying to figure out how to use the BP app…this was meant for the Huntsville AL forum!

Hello all! I just moved to Huntsville and I am very excited to begin my REI adventure. Initially, my plan was to house hack multi-family homes, however it seems that those are few and far between here. So, I'm pivoting to finding a SFH that I can live in while renting out the other rooms.

I am also excited to meet people in this space and to build up a team. I’m going to try to hunt down some meetups, if they exist here.

One of the things I am most concerned about is accurately analyzing deals. Any advice or resources on how I can be sure that I’m not missing anything in an analysis that will come back to bite me later?

Thank you all for the advice! I’ve decided to take some time save up enough for my first down payment, while simultaneously continuing to learn and keeping my eye on what pops up on the market.

Hello BP! I am a young engineering professional living in Syracuse, NY and am planning on moving to Huntsville, AL in the next couple of months. As someone who is still young, without a family, and with a bit of savings and a steady income, I was planning on house hacking in Huntsville. However, it looks like there are not a lot of multi-family homes in the general area (there are currently three on Zillow right now). After that, I was going to begin looking into BRRRs.

Any advice? I still want to house hack but I’m afraid that the supply is too low and I won’t find what I need. Should I sign a 12 month lease in an apartment for my first year while I look for my next house?