All Forum Posts by: Cole Britting

Hi everyone,

Right now I go to school in Manhattan and would love to stay here after I graduate. I have real estate goals, and I've always thought my first step would be lowering my living expenses with a house hack.

In NYC, and more specifically Manhattan, is it possible to house hack effectively? Would I be better off renting an entire apartment/condo and doing subleases or Airbnb for the leftover rooms?

Also, are tax abatements just reductions in property tax? It's a term I've always heard thrown around with NYC real estate.

I'd love to hear thoughts on this, thank you!

Hi @Mike Wadsley

Thank you for the write-up! Numbers 5 and 6 are really powerful to me. It definitely seems that people do more to avoid pain than to be successful, and there is a lot in life that is hard so why not do the hard that will lead to success?

If you told me in 2019 to read, I probably would've laughed in your face. Since the beginning of 2020, I've read 20+ books including Rich Dad Poor Dad. That book completely changed my mindset, along with the 4 Hour Workweek.

Thanks for the thought-provoking post, I appreciate it!

Hey @Dan Sheeks

I actually read you article when it came out, right as I got started on BP! It was very helpful to get me oriented and put in the right mindset to start my investing journey. 

I've taken all the steps you outlined, except the W2 job. I've talked to some lenders and they said they typically lend to students coming right out of college (like myself) as long as they have a letter from their employer. I also have a side business I run as a sole proprietor which the lender said will help my DTI.

Thank you for writing that article it has been a huge help!

@Damaso Bautista Thanks for taking the time to reply, Damaso. Your list has a lot of good tips, thank you!

Happy Sunday!

I heard this question on the latest BP podcast (#435) today and thought what better place to ask it than on the forums:

If you were me, a 20 year old in college, what are five (or more/less) things you would do right now? It can range from real estate to general life experiences to anything!

I’m excited to see what everyone has to say, thanks!

Wow, seems like it will be a great deal. Lots of value add with the two new units. Keep us updated on how it goes!

Awesome deal, congrats! The lesson I learned from this is not to be afraid to submit an offer, even if you think it may be a lowball. Let us know what you end up doing with it!

Congrats! Hope it works out well for you guys, best of luck!

Sounds like a great deal, even with the refinance problems you crushed it. Congrats!

@Reed Baker I was also thinking a few neighborhoods in lower Manhattan. I don't graduate until December, so I still have to do some research. Please let me what you guys decide!